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Philip Limvers set to leave The Greenery

Financial director credited with helping Dutch group navigate successfully through major restructuring will depart in mid-2019

Philip Limvers set to leave The Greenery

Philip Limvers joined The Greenery in February 2015

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Dutch fresh produce company The Greenery has confirmed that its chief financial officer Philip Limvers has decided to step down at the end of his current contract in mid-2019.

Limvers was appointed to the role in February 2015 and is understood to have played an instrumental in a far-reaching financial restructuring of the business, as well as its subsequent refinancing and the widely reported renewal of its logistics infrastructure – including a number of sale and lease-back arrangements with Belgian group WDP.

"We are grateful to Philip Limvers for his great contribution to making The Greenery a financially sound organisation," commented Bas Feijtel, chairman of the company's supervisory board.

Adding that it respected Limvers' decision to step down, the board said it had begun looking for a suitable successor that would be capable of implementing The Greenery's growth strategy.

Earlier this year, The Greenery said it was dedicating “maximum efforts” to strengthening its position as a sustainable supply chain manager, with plans to look more closely at how it might incorporate data, consumer preferences, health trends, technology, expansion and growth in e-commerce into its business.

The comments came as it published its annual report for 2017, during which it posted a 38 per cent increase in its net profit to €12.5m.

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