As CEO Steps Down, Deceuninck Reports Solid Growth in 2015

March 3rd, 2016 by Editor

Deceuninck reports that sales for 2015 were up 16.6 percent to 644.5 million Euros ($7.6 million U.S.) and profits climbed 27 percent to 13.3 million Euros ($14.5 million U.S.). The news of a strong year for the international manufacturer of door and window systems comes as Deceuninck CEO Tom Debusschere has left the company.

Debusschere stepped down on March 1  to pursue new challenges. Francis Van Eeckhout has been named interim CEO.

“The board regrets but respects Tom’s decision,” said  Pierre Alain Baron De Smedt, who chairs Deceuninck’s board. “We are very grateful to Tom for his commitment to the company over the past few years. In February 2009 he started as a CEO when the company was going through a difficult period. In a short period of time he succeeded in turning Deceuninck into a financially healthy company and in regaining the confidence of the shareholder. He leaves us with a healthy company that is well positioned for the future.

“I would like to thank Tom for his performance as a CEO since February 2009,” said Van Eeckhout, who is also vice-chair of Deceuninck’s board. “He was instrumental in creating the growth strategy which is now being implemented. This includes the construction of the new factories in Turkey and the U.S.”

According to the company, growth in 2015 was driven by the successful integration of Pimapen, a Turkish window company that was acquired in 2014, new customers and improved operating efficiencies. Positive economic environments in the U.S., U.K. and  Southern Europe also helped, the company said.

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