ROTTERDAM, THE NETHERLANDS, 6 December 2016 – Louis Dreyfus Company B.V. (LDC) today announced that former Royal Dutch Shell executive Armand Lumens has been appointed Group Chief Financial Officer (CFO), effective March 1st, 2017.
“It is important that we continue to strengthen our senior team with people who share the strong values that have guided our family company for 165 years, and will continue to do so in the future, as we drive our business forward,” commented Margarita Louis-Dreyfus, Chairperson of Louis Dreyfus Holding B.V.
“It is my pleasure to welcome Armand to LDC’s senior leadership team. Following a structured and thorough search process coordinated with the Supervisory Board, we are convinced that his knowledge of the commodities industry and his global experience in financial operations will be a definite asset in the pursuit of our future plans,” said Gonzalo Ramírez Martiarena, Chief Executive Officer at Louis Dreyfus Company B.V.
“I am very excited to be joining a family company with such an impressive history and strong track record of success,” commented Mr. Lumens. “As it happens, I was already doing business with LDC at the beginning of my career in the crude oil industry more than two decades ago.”
A 48-year-old Dutch national, Mr. Lumens has built his career at Royal Dutch Shell plc. over almost 24 years. After holding a variety of M&A, business development, trading and supply chain positions in his first 9 years at the company, he worked in numerous, increasingly senior upstream, downstream and corporate financing roles in the Americas, the Netherlands, France, Bulgaria and the UK. Since 2013, he has served as the London-based CFO for Shell International Trading & Shipping, the largest oil, gas, liquefied natural gas (LNG) and power commodities trader in the world. He holds an undergraduate degree and MBA from Maastricht University (the Netherlands), a Master’s degree in finance from London Business School (UK), and is a certified internal auditor.
Federico Cerisoli, who was named Group CFO in June 2016, pending a more lasting appointment, will now assume the roles of Deputy CFO and Chief Controlling & Accounting Officer, also effective March 1st.