Christian Reinaudo to Become CEO of Agfa-Gevaert; Preliminary Q4 Results Reported
In 2007, he is appointed President Northern and Eastern Europe of Alcatel-Lucent, he joins the Board of Directors of Alcatel-Lucent Bell (Be).
Early 2008, he joins Agfa-Gevaert to be President of Agfa HealthCare.
Christian Reinaudo is a graduate from the "Ecole de Physique et de Chimie Industrielles de Paris "and holds a doctorate from theUniversityofParis(France).
Commenting on the preliminary fourth quarter 2009 results, current CEO Jo Cornu stated: "We are obviously pleased with these results, which we achieved in full economic crisis. In the fourth quarter of 2009, we have taken full benefit of the efforts of the past two years to reduce costs and improve operational efficiency. In Agfa Graphics, we are noticing a recovery of the market, which declined up to 20 percent at the peak of the economic crisis. The Agfa HealthCare business group continued its strong operational performance in the fourth quarter, which traditionally is the strongest one of the year. The Agfa-Gevaert Group has returned to profitability and net debt is significantly down. We are well positioned to take advantage of some of the recent growth initiatives in 2010."
Agfa-Gevaert will disclose its complete and fully audited results for 2009 on March 31.