PSB INDUSTRIES (EPA:PSB) - Olivier Salaun appointed CEO of the PSB Industries Group
Transparency directive : regulatory news
10/10/2012 12:23
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PSB INDUSTRIESOlivier Salaun appointed CEO
of the PSB Industries Group
After repositioning the PSB Industries Group in three high-value business
segments, both nationally and internationally (USA, Mexico and Japan),
increasing its revenues tenfold over 20 years and growing the staff from 300
to nearly 1,500 employees, the Group's CEO Jean-Baptiste Bosson announced his
retirement today.
40-year-old Olivier Salaun, a graduate engineer from the Grenoble INP-Pagora
engineering school with an MBA from HEC, will be appointed to replace him as
CEO during the next meeting ofthe Board of Directors.
Oliver Salaun has spent the majority of his career at Ahlstrom *, serving as
Vice President & Managing Director since 2006 and heading up several business
divisions. Experience accumulated with this world leader will help him further
drive PSB Industries' international expansion and meet the needs of key
clients like L'Oréal, LVMH, Chanel, Clarins, Philips, Osram, Sony, General
Electric, Bonduelle, BD Pharmaceuticals, Bio Mérieux and Bongrain.
The PSB Industries Group (three business units : beauty packaging, specialty
chemicals and custom packaging) posted global revenues of EUR245 million in
2011, with over 60% international sales.
PSB Industries is controlled by the Cachat, Entremont and Wirth families and
is listed on Nyse Euronext.
* Finland-based Ahlstrom is a world leader in high performance materials with
32 manufacturing plants around the world. It generated revenues of 1.6 billion
euros in 2011.
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