Wessanen looking at options
performance, according to reports from the general shareholders
meeting held yesterday.
Dutch health foods group Wessanen could be split up to restore its performance, according to reports from the general shareholders meeting held yesterday.
The meeting saw Ad Veenhof appointed as new chief executive, leading to speculation over Veenhof's first move to restore the company's performance, deemed his "first priority", by supervisory board chairman Kees Storm.
Veenhof is expected to present his strategy proposals before the end of 2003, however Reuters reported that both a split up of the company and delisting of Wessanen could be options under consideration by Veenhof.
Wessanen's Tree of Life North America unit has failed to live up to performance in Europe over recent months, and the company announced last month that the business would axe 6 per cent of the workforce as part of an intense reorganisation process.