LLBG considers corporate governance as an absolute necessity for a strong, growing family business. Therefore, LLBG has further professionalised and expanded its governance in recent years. During the transition to the third generation, the LLBG holding company was created, in which all the companies of the group were brought together.
Corporate governance
Family holding
The LLBG family holding directly owns all the shares in the ‘Milling Division’ and the ‘Bakery Divisions’. That structure guarantees simplicity and transparency for all financial stakeholders.
The main financial objectives are long-term value creation and qualitative growth through innovation, continuous investments and entrepreneurship. LLBG has published consolidated annual accounts since 2008.
Board of directors
The LLBG board of directors is composed of 4 family directors (1 per family branch) and 2 independent directors. The chairperson of the board of directors is selected from the independent directors. The relationships between shareholders, the board of directors and operational management have been clearly defined as part of our Family Governance Charter.
Rudy Broeckaert (Chairperson – independent)
Anthony Vanherpe
Guido Vanherpe (Group CEO)
Katrien Vanherpe
Mathieu Vanherpe
Rika Coppens (independent)
Executive Committee
The LLBG Executive Committee is in charge of the daily management of the Group.
Guido Vanherpe
Group CEO
Kris Geeraert
CEO Bakery Frozen
Marc Vanherpe
CEO Bakery Fresh & Milling
Lotte De Vreese
Managing Director Store Concepts
Gotzon de Aguirre
Chief Financial Officer
Nele Van Malderen
Chief Communication & Sustainability Officer
Bart Buyst
Chief HR Officer
Luc Verhasselt
Chief M&A and Corporate Affairs Officer
Family Business Award
In 2016 LLBG was awarded the Family Business Award of Excellence (Belgium).
This award recognises family businesses that stand out in terms of good governance both in the family and business, their vision and maintenance of family values, and ensuring the entrepreneurial spirit is passed on from generation to generation.
Ethical business conduct
The LLBG Code of Conduct and Ethics sets out the Group’s standards of ethical conduct. It applies to all LLBG partners and employees, in every country in which the Group operates. All employees must perform their daily activities and their business objectives according to the highest ethical standards and principles using the LLBG Code of Conduct, translated in our policies and procedures. Moreover, our company values aim to inspire our employees in their daily behavior and attitudes.
