Claude Ehlinger joins Wendel

PARIS, June 15, 2016 /CNW/ -- Wendel SE (MF.PA), a global listed investment firm, today announced that Claude Ehlinger will join Wendel October 1st as CEO of Oranje-Nassau Développement, Managing Director and Member of the Investment Committee. Mr. Ehlinger will be based between London and Amsterdam and will pursue investment opportunities throughout Western Europe, particularly in the Benelux. He will serve as Board Member of various Group companies.

Through Oranje-Nassau Développement, which brings together opportunities for investment in growth, diversification and innovation, Wendel is also a shareholder of exceet in Germany, Mecatherm in France, Nippon Oil Pump in Japan, Saham Group in Africa and CSP Technologies in the United States.

Claude Ehlinger was previously deputy CEO of Louis Dreyfus Company. He has been appointed interim CEO of Louis Dreyfus from June 2014 to October 2015.

Mr. Ehlinger joined Louis Dreyfus Company in 2007 as Chief Financial Officer after serving three years as Group CFO at Eutelsat. Prior to this he was Regional Controller of Cap Gemini, Group CFO of CCMX (1999-2003) and Managing Director of Finacor (1987-1999), a large brokerage company in Europe. He began his career in 1985 at Thomson Group. He is a graduate of the French business school HEC.

Dirk-Jan van Ommeren, who has been CEO of Oranje-Nassau for 20 years after a long career in banking, has decided to leave his direct executive responsibilities. However he will continue to play an active role within Oranje-Nassau and Wendel as President and Board member of various companies.

About Wendel

Wendel is one of Europe's leading listed investment firms. The Group invests internationally, in companies that are leaders in their field, such as Bureau Veritas, Saint-Gobain, Cromology, Stahl, IHS, Constantia Flexibles and AlliedBarton Security Services. Wendel plays an active role as industry shareholder in these companies. It implements long-term development strategies, which involve boosting growth and margins of companies so as to enhance their leading market positions.

Wendel is listed on Eurolist by Euronext Paris.

Standard & Poor's ratings: Long-term: Long-term: BBB-, stable outlook – Short-term: A-3 since July 7, 2014. Wendel is the Founding Sponsor of Centre Pompidou-Metz. In recognition of its long-term patronage of the arts, Wendel received the distinction of "Grand Mécène de la Culture" in 2012.

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