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The Allegro Board today announces that it is launching a CEO succession process

February 24, 2022

 Current report No. 10/2022

Title: The Allegro Board today announces that it is launching a CEO succession process.

Legal basis: Art. 17 sec. 1 MAR – inside information

The Board of Directors of Allegro.eu (the “Company”) hereby announces that it has received today a notification from Francois Nuyts that he will step down as CEO of Allegro for personal reasons once an outstanding successor has been identified. Moreover, the Company informs that it is launching a succession process for the Allegro CEO. The search will look at both internal and external candidates.

Francois Nuyts joined Allegro as CEO in August 2018. He has since led the Company through its successful Initial Public Offering in October 2020. The Board of Directors would like to thank Francois for his continued commitment to the Company. In the Board’s assessment Francois has done an excellent job in building operational discipline in the Company and setting it on a new direction for further growth and international expansion in the coming years.

Francois intends to remain as CEO until the end of 2022 or until a successor has been identified and onboarded, whichever is earlier.  

Allegro.eu is a Luxembourg public limited (société anonyme), registered office: 1, rue Hildegard von Bingen, L-1282 Luxembourg, Grand Duchy of Luxembourg, Luxembourg Business Register: B214830