Luc Vandevelde, chief executive and chair of European tea and coffee group JDE Peet’s, is stepping down less than five months after taking up the role as part of a reshuffle orchestrated by controlling shareholder JAB Holdings.
Vandevelde, a former chief executive of Marks and Spencer, is leaving with immediate effect due to “unforeseen matters” that require his?attention, JDE Peet’s said on Monday.
JAB managing partner and chair Peter Harf will take over as chair and JDE Peet’s chief financial officer Scott Gray will serve as interim chief executive until the position is permanently filled, the company said in a statement.
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