CHAM, Switzerland – Effective 21 December, Hugues Rougier has become the interim Chief Financial Officer of Selecta Group (“Selecta”), a leader in the European vending and coffee services market. Mr Rougier succeeds Gary Hughes, who has decided to pursue career opportunities outside of Selecta.
Gary Hughes has worked for Selecta since 2008 and became Group Chief Financial Officer in 2013. He will remain with the company during a transitional period to ensure a smooth handover of responsibilities.
Selecta will meanwhile initiate a search process to find a permanent successor.
Hugues Rougier has extensive financial expertise and will be responsible for Finance, Treasury, and IT in his new function as CFO at Selecta.
He joins the company from Fraikin, a European leader of industrial and commercial vehicle hire, where he drove the Group’s financial restructuring as CEO between 2013 and 2015.
Prior to that, Mr Rougier held several executive positions in finance, most recently as Group CFO of Segula Technologies (2011 to 2013), an engineering group with global presence that helps companies within all major industrial sectors boost their competitiveness.
Remo Brunschwiler, CEO of Selecta, said: “We are pleased to welcome Hugues Rougier in our team. Hugues has profound experience as a senior financial and operational manager on executive level in different industrial companies.
Based on his expertise and personality, he will become a strong contributor in the execution of Selecta’s ambitious profitability improvement plans.”
Mr Brunschwiler added: “Gary Hughes played an important role in putting the company’s financial management on a long-term stable footing, particularly in past year’s successful refinancing exercise.
He also significantly contributed to facilitate the most recent change in ownership from Allianz Capital Partners to KKR.
On behalf of the Board of Directors and the Management I would like to thank Gary for his outstanding work at Selecta and wish him all the best in his future endeavors.”
