Ontex Group NV is accelerating Laurent Nielly’s appointment as Chief Executive Officer to January 13, 2026, not in May 2026 as originally announced. This acceleration reflects the board’s confidence in Nielly’s readiness to assume Ontex’s leadership, enabling him to take ownership of the 2026 plan from the outset of the financial year. Current CEO Gustavo Calvo Paz will remain with Ontex through the end of January to ensure a seamless transition. 

Under Nielly’s leadership a review of all strategic options will be undertaken to identify additional opportunities to further drive profitable growth and unlock the inherent value in Ontex. The review will cover all levers available to enhance the company’s performance, including business portfolio, operational footprint and route to market, with a clear goal to improve cash generation and return on investment. A strategy committee will be established by the board of directors to accelerate the review, facilitate decision-making and ensure careful oversight over the execution of Ontex’s medium- and long-term plans. 

To strengthen the board following the resignation of Jesper Hojer, the board has co-opted Lorenzo Grabau as a non-executive director and will submit his ratification at the next shareholders’ meeting. Grabau brings extensive capital markets and strategic transformation expertise that will be invaluable as Ontex continues to execute its strategic and value creation agenda. Grabau has considerable experience as director and chair of, and senior advisor to, various listed and non-listed companies. He served as president and CEO of Kinnevik AB, a Swedish listed investment company. Prior to that, he was a Partner at Goldman Sachs. 

These initiatives reflect the board’s commitment to pursue all avenues available to deliver value creation to Ontex’s shareholders.