Jules Noten to leave Balta Group
June 15, 2012
Balta Group has announced that Jules Noten (repr. Lemon bvba) will be leaving his position as CEO on July 31st 2012 to pursue other career opportunities. Until a permanent replacement is found, the Board has asked Carl Verstraelen (repr. Dimacor bvba) to assume the acting CEO role alongside his current CFO role.
Balta Group has increased its turnover from €530m in 2008 to €750m in 2011 through growth in its existing business and the acquisition of Domo floor covering. In all of its flooring activities from carpet tiles, laminate, rugs to broadloom carpet it has a leading position in Europe.
Julian Huxtable, Senior Principal at Doughty Hanson, owner of Balta Group, said today: “The Board would like to thank Jules for his contribution to the success of Balta Group over the years and we wish him luck in his future endeavours.”
Mr. Jules Noten commented: “I leave behind a strong team with a clear agenda and a company with a positive culture. I have very much enjoyed my time at Balta and I wish my Balta colleagues the very best in the future.”