IOI Group Announces Senior Management Changes for IOI Loders Croklaan

The Managing Board of IOI Loders Croklaan Group has recently appointed Julian Veitch as its Chief Executive Officer and Vincent Geerts as Group Chief Financial Officer.

29 May 2012 --- IOI Group, a global leader in the palm oil market, is pleased to announce the following changes within the IOI Loders Croklaan senior management team.

The Managing Board of IOI Loders Croklaan Group has recently appointed Julian Veitch as its Chief Executive Officer and Vincent Geerts as Group Chief Financial Officer.  Also, effective July 1, 2012 Michael van Sallandt will assume the position of Chief Operating Officer (COO) for IOI Loders Croklaan Asia and the present COO for IOI Loders Croklaan Asia, U.R. Sahasranamam, will assume the position  of Senior Group Director of Special Projects.

Mr. Veitch has been serving in the role of COO, Americas Region since January 2006 and will continue in that role until a successor is named.  Mr. Geerts has functioned as the Financial Controller for IOI Loders Croklaan Europe from October 2009 to present.  Prior to joining IOI Loders Croklaan Asia, Mr. Sallandt served as COO for IOI Loders Croklaan Europe from August 2006 until September 2009. Both Mr. Sallandt and Mr. Geerts will report directly to Mr. Veitch.

"The Managing Board is confident that these changes within our senior management structure will expand the successes across the entire IOI Loders Croklaan enterprise.  With a focus on innovation, operational excellence, and world-class customer service, IOI Loders Croklaan is well positioned to manage the prevailing challenges of today's market," commented IOI Group Executive Director Dato' Lee Yeow Chor.

IOI Loders Croklaan is a leading global supplier of commodity and specialty oils and fats, offering the food industry an unprecedented combination of lipids knowledge and application expertise to respond to their specific needs through operational excellence, vertical integration and technical leadership.  IOI Loders Croklaan has manufacturing facilities in the Netherlands, North America and in Malaysia with a combined production capacity of around 1,600,000MT per year serving customers in 65 countries worldwide.