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Signify to appoint Francisco Javier van Engelen Sousa as CFO

Signify has announced the appointment of Francisco Javier van Engelen Sousa as chief financial officer, effective June 15, 2020.

The business, which offers LED lighting systems, software and services, said that over the coming months René and van Engelen will work closely together to ensure a thorough business onboarding and a smooth transition. This is expected to be completed by the closure of Q3 in October.

Van Engelen will succeed René van Schooten, who currently holds the position on an interim basis.

CEO Eric Rondolat said: “I am very pleased to welcome Javier as our new CFO. He is a proven, experienced, and well-rounded CFO, having held a range of financial leadership positions.

“He has a wealth of experience working with international teams and has lived in various countries around the world. His broad background will enable him to play a key role in driving our strategy and reinforcing our leadership position in the global lighting industry, while building strong and lasting relationships with the investor community.”

Van Engelen has held financial leadership positions at international FMCG, retail and pharmaceutical companies in listed, family owned and private equity environments. He most recently held the position of CFO for Grupo Telepizza, a €1.2bn (£1bn) food operator, ultimately leading the process to take the company private in 2019.

Van Engelen said: “I cannot imagine a more exciting time to join Signify. With its strong innovation heritage, the quality of its people and the leadership team, and the recently increased global footprint, Signify is well positioned to further grow its market leadership.

“Through a combination of continued financial discipline and a focus on value creation opportunities, I am looking forward to contribute to the success of the company in the next phase of its strategy.”

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