2023-09-20 08:03:55
Governance continues to be complicated at Tereos, the world’s fourth largest sugar producer, which continues to undertake its industrial reorganization. Jorge Boucas, who was appointed general manager last February, is already leaving the group. His predecessor himself had only lasted 6 months in office. The board of directors of September 19 appointed Olivier Leducq as the new general director of the sugar cooperative group (11,200 cooperators, 43 industrial sites in 15 countries, very present in our region with its sugar factories in Lillers, Boiry, Attin, Thumeries, Origny, the Escaudoeuvres site to be sold to the Belgian group Agristo).
A graduate of HEC, who joined Tereos in 2015 after a career in the metallurgical industry, Olivier Leducq’s mission will be ” to intensify and complete Tereos’ agricultural, industrial and commercial progress plans », according to the polite terms of the official press release. With the end of the global sugar crisis, Tereos particularly improved its results, recording a turnover of 6.6 billion euros, an increase of 29%. But the group also faces very high debt.
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