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Laurent Nielly appointed as successor to CEO Gustavo Calvo Paz
Globenewswire· 2025-12-11 06:05
Core Viewpoint - Ontex has appointed Mr. Laurent Nielly as the new Chief Executive Officer, effective from May 5, 2026, succeeding Mr. Gustavo Calvo Paz, who has led the company through a strategic transformation [1][3]. Group 1: Leadership Transition - Mr. Laurent Nielly has been with Ontex since 2021 as President of the Europe Division, overseeing retailer brands and healthcare business across Europe [2]. - Nielly has over 25 years of experience in various regions and companies, including P&G, McKinsey & Company, PepsiCo, and Coty, with a background in finance, strategy, innovation, and commercial excellence [2]. - The Board of Directors expressed gratitude to Mr. Calvo Paz for his contributions, particularly in implementing strategic changes and optimizing Ontex's operations [3][4]. Group 2: Strategic Direction - Under Mr. Calvo Paz's leadership, Ontex focused on divesting non-core activities and optimizing its operational footprint, aiming to future-proof the organization with a focus on Europe and North America [3]. - The Board believes that Mr. Nielly is well-positioned to build on the accomplishments of his predecessor and accelerate value creation for Ontex [4]. Group 3: Company Overview - Ontex is a leading international developer and producer of baby care, feminine care, and adult care products, primarily serving retailers and healthcare sectors in Europe and North America [6]. - The company employs around 5,100 people and operates in 11 countries, with its products distributed in approximately 100 countries [6].
Rexford Industrial Implements CEO Succession Plan
Prnewswire· 2025-11-18 21:10
Core Viewpoint - Rexford Industrial Realty, Inc. has announced a leadership succession plan, appointing Laura Clark as the new CEO effective April 1, 2026, succeeding co-CEOs Michael Frankel and Howard Schwimmer, who will remain on the Board until the 2026 Annual Meeting of Shareholders [1][3]. Leadership Transition - Laura Clark, currently the Chief Operating Officer, will take over as CEO, marking a significant transition in the company's leadership [1]. - The Board of Directors has expressed confidence in Clark's ability to lead the company, citing her strategic vision and operational excellence [3]. - Frankel and Schwimmer, co-founders of Rexford Industrial, have overseen substantial growth, expanding the company's portfolio from 5.5 million square feet at the time of the 2013 IPO to 51 million square feet today, with an equity market capitalization increase from $406 million to nearly $10 billion [3]. Laura Clark's Background - Laura Clark has over two decades of experience in finance and operations within the real estate industry, having joined Rexford Industrial as CFO in 2020 and becoming COO in 2024 [2][5]. - Prior to Rexford, she held leadership roles at Regency Centers and various institutions in real estate capital markets and investment management [2][6]. Company Overview - Rexford Industrial focuses on investing in and operating industrial properties in Southern California, a key market characterized by high demand and low supply [7]. - As of September 30, 2025, the company’s portfolio includes 420 properties with approximately 50.9 million rentable square feet [7].