Bunzl Plc. (BZLFY.PK, BNZL.L), a distribution and outsourcing group, Thursday said that after more than 10 years in the role, Michael Roney has decided to retire as Chief Executive of the company. He will stand down from his position and the Board following the conclusion of Bunzl's Annual General Meeting on April 20 and will be succeeded by Frank van Zanten who is currently the Managing Director of Bunzl's Continental Europe business area.
van Zanten will join the Board on February 1 and assume his new role upon Roney's retirement.
Michael Roney, 61, was appointed to the Board in 2003 as a non-executive director before taking up the position of Chief Executive in 2005. Frank van Zanten, 48, first joined the Group in 1994 when Bunzl acquired his family owned business in the Netherlands where he was General Manager. He subsequently assumed responsibility for a number of businesses in other countries.
In 2002, he became Chief Executive Officer of PontMeyer NV, a listed company in the Netherlands, before re-joining Bunzl as the Managing Director of the Continental Europe business area in 2005.
Since then, van Zanten has overseen substantial growth in both the size and profitability of the business area.
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