AMSTERDAM — JDE Peet’s has announced a change in leadership at the coffee and tea company. Luc Vandevelde, interim chief executive officer and chairman of the board, has stepped down due to unforeseen circumstances, according to the company.
He will transition to JAB Holdings, parent company of JDE Peet’s, as a senior adviser focused on the FMCG sector. Peter Harf, JAB managing partner and chairman, will succeed Vandevelde as interim chairman of the board.
Scott Gray, chief financial officer of JDE Peet’s, will assume Vandevelde’s role of interim CEO.
“On behalf of the board, I want to thank Luc for his tenure with JDE Peet’s from lead independent director at the time of our listing to chairman and interim CEO,” Harf said. “Although he can no longer dedicate the time necessary for an executive role at JDE Peet’s, we are pleased that Luc will advise JAB on its FMCG investments with the time he does have available.”
