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.