Alain Hellebaut, CEO of toy chain Maxi Toys, has been appointed executive chair of FNG. Hellebaut thus takes over the responsibilities of resigning CEO Paul Lembrechts. In the meantime, he will also remain at the helm of the toy chain.
Resigning CEO Paul Lembrechts remains tied to FNG: a new CEO has not yet been found. Hence, the former boss of the Flemish public broadcaster (VRT) remains in post for the time being. The reason for his departure is a rejected pay rise.
The shareholders meeting of fashion group FNG ended abruptly on Wednesday morning: CEO Paul Lembrechts resigned after his remuneration was rejected. The future of the company is highly uncertain.
The largest co-operation among journalists in the world has led to the Pandora Papers, a major leak of thousands of names of people who have hidden money in tax havens. More than 1,200 Belgians appear on the list.