Ontex Group NV, a leading Belgium-based international provider of personal hygiene solutions, has announced that Peter Vanneste, chief financial officer (CFO) at Ontex, has decided to leave the company early October 2023, to pursue a career opportunity outside the group.

Vanneste’s successor will be announced in due time. In the interim the responsibilities of CFO will be assumed by Gustavo Calvo Paz, CEO, Ontex said in a press release.

“We recognise the contribution that Peter Vanneste has made, shaping and executing Ontex’ strategic transformation, including refocusing with successful divestments. He also contributed to guiding the company through the difficult macro-economic conditions with a clear focus on the group’s financial health and organisation. This allowed Ontex to gradually restore profitable growth and improve its balance sheet. We wish Peter the best with his next endeavours,” said Paz.