CEO of Balta, Tom Debusschere, Stepping Down
St-Baafs-Vijve, Belgium, August 28, 2018-The Board of Balta has announced that, with immediate effect, Tom Debusschere is stepping down as chief executive by mutual agreement.
Balta is the owner of Bentley Mills--the commercially focused, California based producer of modular and broadloom carpet. Bentley's business is reportedly doing very well this year but Balta's other businesses aren't performing as well.
A search to identify a long-term successor has commenced. Until this process is completed, Cyrille Ragoucy, the chairman of the board, will become interim CEO. Ragoucy has significant CEO experience and, after more than a year as chairman, knows Balta well. He will be supported by Balta’s existing executive team.