Lecta has announced a company restructure that will see its three divisions become operationally and financially separate businesses, each headed independently by a separate CEO, without an overarching group CEO above them.
The move coincides with the retirement of current Group CEO Gilles Van Nieuwenhuyzen on April 30, following the recent recapitalisation of the group and completion of its split into three standalone companies.
The three divisions and their leadership teams are: Garda Group (Fine Papers and Distribution), led by Corrado Lignana; Adestor Self-Adhesives, continuing under the leadership of Ricard Balart; and Specialties (Torraspapel), which will be led on an interim basis from 1 May by Ruben Hernando, former CEO of DS Smith for Southern Europe. The company said a permanent CEO for the division will be announced in due course.
The leadership transition reflects Lecta’s shift away from a centralised group structure toward a model focused on independent management and financing for each division.
Mr Van Nieuwenhuyzen said his departure comes at a “natural moment,” citing the successful recapitalisation and the establishment of the three companies as key milestones.
With the restructuring now complete, Lecta’s future leadership will rest with the individual CEOs of its three divisions rather than a single Group CEO overseeing the wider business.
