ForFarmers N.V.: ForFarmers announces changes in Executive Board

Lochem, 3 April 2023

ForFarmers announces changes in Executive Board



The supervisory board of ForFarmers announces that Theo Spierings has to resign from his position as CEO due to health reasons and personal circumstances. Mr. Spierings has consequently decided to terminate his one-year contract prematurely. The supervisory board has appointed co-director Pieter Wolleswinkel as CEO of ForFarmers, effective from 3 April 2023.

In addition, the supervisory board has decided to nominate Rob Kiers as member of the executive board, so that it will consist of three members again. An extraordinary general meeting of shareholders will be convened for this at short notice.

Theo Spierings was appointed to member and CEO Of the executive board of ForFarmers on 17 January 2023 for the duration of one year. Jan van Nieuwenhuizen, chairman of the supervisory board: “We sincerely regret that Theo is forced to resign from his position. In recent months, he has emphasized important aspects in the implementation of the revised strategy that was announced at the end of last year. His knowledge and experience in the field of sustainability and transformation have been valuable in this regard. We thank Theo for his input and wish him all the best."

“Pieter Wolleswinkel, already a member of the executive board and responsible for ForFarmers Netherlands, has temporarily assumed CEO duties in the past year and has proven himself as a solid director. With the appointment of Pieter as CEO, we are securing continuity, expertise and international experience in the executive board. We are also nominating Rob Kiers as a member of the executive board, again an appointment from our own ranks. In his position as Director M&A and Strategy, we have come to know Rob as a driven professional. We are convinced that he fits perfectly in the management team under Pieter's leadership", says Jan van Nieuwenhuizen.



This press release contains information that qualifies as inside information within the meaning of Article 7 paragraph 1 of the EU Market Abuse Regulation.





Note to the editor / For further information:

Caroline Vogelzang, Director of Investor Relations

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About ForFarmers

ForFarmers N.V. is an international organisation that provides complete innovative feed solutions to the livestock farming industry. With its For the Future of Farming mission ForFarmers underpins its commitment both to the continuity of farming and to further increasing the sustainability of the agricultural sector. ForFarmers is a leading feed producer in Europe with annual sales of around 9 million tonnes of animal feed and is active in the Netherlands, Belgium, Germany, Poland and the United Kingdom. ForFarmers has around 2,500 employees and in 2022 generated revenue of approximately €3.3 billion. ForFarmers N.V. is listed on Euronext Amsterdam.

ForFarmers N.V.

P.O. Box 91

7240 AB Lochem

The Netherlands

T: +31 (0)573 28 88 00

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FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements, for example relating to ForFarmers’ legal obligations in terms of capital and liquidity positions in certain specified scenarios. In addition forward-looking statements may, without limitation, contain phrases such as “intends to”, "expects”, “takes into account”, "is aimed at”, ''plans to”, "estimates" and/or words of a similar meaning. These statements pertain to or may affect matters in the future, such as ForFarmers’ future financial results, business plans and current strategies. Forward-looking statements are subject to a number of risks and uncertainties which may lead to material differences between the actual results and performance and the expected future results or performance as implicitly or explicitly contained in the forward-looking statements. Factors that may result in, or contribute to, deviations from current expectations include, but are not limited to developments in legislation, technology, taxation, jurisprudence and regulations, share price fluctuations, legal proceedings, investigations by regulatory bodies, the competitive landscape and general economic conditions. These and other factors, risks and uncertainties that may affect any forward-looking statements or the actual results of ForFarmers are discussed in the most recently published annual report. The forward-looking statements in this press release relate solely to statements as of the date of this document and ForFarmers accepts no obligation or responsibility whatsoever to update the forward-looking statements contained in this release, regardless of whether these pertain to new information, future events or otherwise, unless ForFarmers is legally obliged to do so.