Nav: Home > Coffee News >

The chairman of the parent company of Pier Coffee and CEO both left.

Published: 2026-08-25 Author:

Last Updated: 2026/08/25, ▲ click to follow | Daily boutique Coffee Culture Magazine Coffee Workshop last Friday, JDE Peet's, the parent company of Piay Coffee, one of the largest coffee groups in the world, suddenly saw a big change in personnel at the top. According to a report by Yahoo News on March 9, JDE Peet's Group is headquartered in

▲

Click follow | Daily boutique coffee culture magazine coffee workshop

Last Friday, JDE Peet's, the parent company of Piay Coffee, one of the world's largest coffee groups, suddenly saw a personnel change at the top.

According to Yahoo News reported on March 9, JDE Peet's Group headquarters announced the leadership transition plan on March 8, Dutch time.

Under the arrangement, Luc Vandevelde, a 73-year-old Belgian, will be appointed interim chief executive for a term effective April 1, 2024. Vandevelde will also become chairman of JDE Peet's after the annual shareholder meeting on May 25. Under his leadership, the company will start the process of finding a formal chief executive, including evaluating internal and external candidates.

JDE Peet's brands

It is reported that JDE Peet's is a multinational enterprise with more than 50 brands such as Peet's Coffee (Piye Coffee), Moccona (Mocona) and L'OR. In its most recent fiscal year, the group had total revenue of 8.2 billion euros (64.3 billion yuan), an organic growth of 3.9%, of which sales in the Chinese market grew by more than 19%. According to narrow door Eye data, Peet's Coffee has 221 stores in China, covering 21 cities in 12 provinces.

The reshuffle means that the group will "wash away" two senior executives, Olivier Goudet, the current chairman, and Fabien Simon, the current chief executive. Among them, the current CEO Fabien Simon has been at the helm since the company IPO, and has repeatedly talked about strengthening the business of coffee products and stores in the Chinese market. Olivier, the current chairman, is a staunch supporter of him, once pointed out: "No one knows this business better than Simon."

JDE Peet's has been the chief independent director of JDE Peet's since its listing and praised his extensive experience both within the company and in the retail and FMCG sectors, the company's headquarters said in a press release. In addition, he has served as chairman of Carrefour, chairman and CEO of M & S Group, and senior independent director of Vodafone Group. He spent the first 24 years of his career at Kraft Foods and eventually became CEO of Kraft Jacobs Suchard's French and Italian operations.

Joachim Creus, a major shareholder in JDE Peet's and chief executive of JAB Holdings, a well-known European investment company, said that Vandevelde is an experienced executive who knows JDE Peet's and coffee very well and is confident that he can fully demonstrate shareholder value and lead the company to find a formal chief executive.

Fabien Simon, who has been chief executive and executive director since September 2020, is scheduled to leave the company on April 1. JDE Peet's has not made public the reasons for his departure. However, JDE Peet's 's board of directors also thanked him for transforming the company into a giant with global coffee and tea brands while dealing with the complexity of the epidemic and high inflation, with brand, talent and sustainability at the core.

Disclaimer: some of the pictures in this article come from the network, and some of the contents of the website, such as pictures, we will respect the origin of the original copyright, but due to the large number, there will be individual pictures and texts not in time to indicate, please forgive me. If the original author has any disputes can contact the website to deal with, once verified we will immediately correct, by the "coffee workshop" collation and editing, reprint please indicate, if infringement, please inform deletion, thank you ~!

FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。