ForFarmers CFO Arnout Traas to step down in 2020

Arnout Traas, chief financial officer (CFO) and member of the executive board of ForFarmers N.V. has decided not to be eligible for reappointment during the annual general meeting of shareholders in 2020, when his tenure ends.

Traas started as CFO at ForFarmers in August 2011.

“After a very interesting period at ForFarmers, during which the company has grown substantially through, amongst others, acquisitions and during which the listing on the stock exchange also took place, I have decided not to be eligible for reappointment for a new term so that I can focus on other activities, such as non-executive tasks,” Traas said.

Yoram Knoop, CEO ForFarmers, said: “We respect Arnout’s decision. He has played a vital role in further professionalising ForFarmers and in the implementation of the acquisition strategy as of 2011. Arnout has also been instrumental during the transition of a cooperative to a stock listed company. In order to ensure a smooth transfer of tasks, ForFarmers will be starting up an executive search for his succession soon.”

Netherlands-based ForFarmers N.V. is Europe’s largest feed producer. ForFarmers produces and supplies regular and organic animal feed and commodities (such as arable and grassland management products) mainly in the cattle, pig, poultry and arable and contracting sectors. A network of subsidiaries and partnerships rounds out operations that include 42 production facilities in the Netherlands, Belgium, U.K. and Germany. In addition to compound feeds, ForFarmers’ feed division also includes minerals, additives, fertilizers and seeds.