Global Industry: JAB Announces Generational Change

Bremerhaven. (bm) JAB Holding Company is pleased to announce that Managing Partner Joachim Creus has been appointed CEO of JAB. Additionally, Joachim Creus will continue to serve as Vice Chairman of the JAB Board and is the designated successor to Chairman Peter Harf. JAB also announces that Frank Engelen has been promoted to Managing Partner, effective immediately. Olivier Goudet, who has been Managing Partner and CEO of JAB since 2012, will become a Senior Investment Advisor with the majority of his personal wealth remaining invested in the firm and its assets for the long term. Goudet will stay closely involved with JAB’s ecosystem, continuing to serve across certain JAB portfolio companies. Other topics: