Company leadership

Meet our Management committee

James Neuling

CEO Belysse Group and Managing Director Europe

James Neuling joined Belysse in October 2022 as Managing Director Europe. He is a seasoned and dynamic executive who brings vast experience from a number of industries where he held senior positions and transformative roles. He began his career in South East Asia in the Lighting sector where he progressed to be Regional Manager for Zumtobel before moving to Europe for his MBA. Mr Neuling then joined GE Plastics in a senior commercial role, and then subsequently led the turnaround of GE’s European Sheets and Film business. He then went on to reorganise and divest two global divisions at Rio Tinto Alcan, before taking on senior roles at Mondi Group and Scapa. In 2017, Mr Neuling was appointed as the Vice President at Beaulieu Flooring Solutions. Immediately prior to Belysse, he aided Melrose in the divestment of Nortek HVAC to Madison.

Mr Neuling holds a Bachelor’s degree in Electrical & Electronic Engineering (University of Adelaide, Australia), a Graduate Diploma in Marketing (Thames Business School, Singapore) and a Master of Business Administration (IMD Business School, Switzerland).
Andy Rogiest

CFO

Andy Rogiest was appointed CFO in early June 2022. He has extensive experience in corporate finance and joined us from Belgian healthcare innovator Home Health Products, where he was COO. Before, he held several senior functions in finance, strategy and operations at Imperial Meat Products, Ontex and PSA HNN.

Mr Rogiest holds Masters degrees in Applied Economics (Gent University, Belgium) and Finance (Vlerick Business School; Belgium).
Jim Cusick

Interim President Bentley Mills

Jim Cusick brings over 30 years of manufacturing experience, including leadership roles at Shaw Industries and Welspun Flooring in India. He has successfully managed large-scale, multi-site operations and is recognized for his strong commitment to safety, customer focus, team development, and continuous improvement. Combining strategic vision with hands-on leadership, Jim drives sustainable growth and operational excellence.

Mr Cusick holds a Bachelor's degree of Science Industrial and Systems engineering from the University of Florida.

Board of directors

Name	Position	Since	Mandate expires
Cyrille Ragoucy	Chairman of the Board	2017	2029	Cyrille Ragoucy has more than 30 years experience in senior management positions. As of March 1st 2024, he was succeeded by Mr James Neuling as CEO of Belysse. Before becoming CEO of Belysse, Mr Ragoucy was CEO of Tarmac Ltd (originally Lafarge Tarmac), a leading building materials and construction solutions firm in the UK, where he oversaw the creation of the joint venture between Lafarge SA and Anglo American as well as the integration of several acquisitions, before the entity was purchased by CRH, a large Irish construction firm in August 2015. From 1998 to 2012, Mr Ragoucy was with Lafarge, serving as CEO of Lafarge Shui On Cement, a Chinese joint venture between Lafarge and Shui On, and CEO of Lafarge Construction Materials for Eastern Canada, among other director and executive-level posts. Mr Ragoucy holds a Master of Management from the University of Paris IX (Dauphine), France.
Cyrille Ragoucy has more than 30 years experience in senior management positions. As of March 1st 2024, he was succeeded by Mr James Neuling as CEO of Belysse. Before becoming CEO of Belysse, Mr Ragoucy was CEO of Tarmac Ltd (originally Lafarge Tarmac), a leading building materials and construction solutions firm in the UK, where he oversaw the creation of the joint venture between Lafarge SA and Anglo American as well as the integration of several acquisitions, before the entity was purchased by CRH, a large Irish construction firm in August 2015. From 1998 to 2012, Mr Ragoucy was with Lafarge, serving as CEO of Lafarge Shui On Cement, a Chinese joint venture between Lafarge and Shui On, and CEO of Lafarge Construction Materials for Eastern Canada, among other director and executive-level posts. Mr Ragoucy holds a Master of Management from the University of Paris IX (Dauphine), France.
Michael Kolbeck	Non-Executive Director	2017	2029	Mr Michael Kolbeck is Managing Director and Head of Europe for Corporate Investments at Hudson Advisors UK Limited, which advises Lone Star Funds, including Lone Star Fund IX, an investor in the Company. Prior to being appointed to his post at Hudson in January 2017, he was a Managing Director at Lone Star Germany Acquisitions GmbH. He currently also serves as Board Member of Xella International S.A., a leading European building materials Company, and of Evoca S.p.A., a leading manufacturer of professional coffee machines, and is an observer of the Board of LSF10 Edilians Investments S.à r.l., a leading roof tile manufacturer in France and of the Board of LSF11 Folio Lux S.à r.l., a leading specialist for the global flexographic printing industry. Prior to joining Lone Star and Hudson in 2004, Mr Kolbeck worked for several years as an investment manager for Allianz Group. Mr Kolbeck holds a Master’s degree in Business Administration from Ludwig-Maximilians University, Munich, Germany.
Mr Michael Kolbeck is Managing Director and Head of Europe for Corporate Investments at Hudson Advisors UK Limited, which advises Lone Star Funds, including Lone Star Fund IX, an investor in the Company. Prior to being appointed to his post at Hudson in January 2017, he was a Managing Director at Lone Star Germany Acquisitions GmbH. He currently also serves as Board Member of Xella International S.A., a leading European building materials Company, and of Evoca S.p.A., a leading manufacturer of professional coffee machines, and is an observer of the Board of LSF10 Edilians Investments S.à r.l., a leading roof tile manufacturer in France and of the Board of LSF11 Folio Lux S.à r.l., a leading specialist for the global flexographic printing industry. Prior to joining Lone Star and Hudson in 2004, Mr Kolbeck worked for several years as an investment manager for Allianz Group. Mr Kolbeck holds a Master’s degree in Business Administration from Ludwig-Maximilians University, Munich, Germany.
Hannah Strong	Non-Executive Director	2017	2029	Hannah Strong is Senior Vice President, Legal Counsel at Hudson Advisors UK Limited, which advises Lone Star and the funds which it administers, including Lone Star Fund IX, an investor in the Company. Prior to her position at Hudson, Mrs Strong worked as in-house legal counsel at The Carlyle Group (2013-2017) and was a corporate associate at Latham & Watkins in London (2007-2013). Mrs Strong has extensive experience advising on legal and compliance issues that face companies across numerous industries and jurisdictions. Mrs Strong holds a Bachelor’s degree in Jurisprudence (Oxford University, UK).
Hannah Strong is Senior Vice President, Legal Counsel at Hudson Advisors UK Limited, which advises Lone Star and the funds which it administers, including Lone Star Fund IX, an investor in the Company. Prior to her position at Hudson, Mrs Strong worked as in-house legal counsel at The Carlyle Group (2013-2017) and was a corporate associate at Latham & Watkins in London (2007-2013). Mrs Strong has extensive experience advising on legal and compliance issues that face companies across numerous industries and jurisdictions. Mrs Strong holds a Bachelor’s degree in Jurisprudence (Oxford University, UK).
Neal Morar	Non-Executive Director	2018	2029	Neal Morar is a Managing Director in the Corporates team at Hudson Advisors UK Limited, which advises Lone Star and the funds which it administers, including Lone Star Fund IX, which is an investor in the Company. Prior to his current role, he held the post of UK CFO of Hudson Advisors UK Limited for five years and served on the Boards of various entities across industries including hotels and developments, loan servicer in Italy and an equity release Company. Prior to joining Hudson in 2012, Mr Morar worked for 5 years as Managing Director, International CFO for AIG Investments and 10 years in various CFO roles for the FTSE100 Capita Group including the set up and running of a captive server in Mumbai, India, in 2003. Mr Morar obtained membership of the Chartered Certified Accountants in 1996, gained Fellow status (FCCA) in 2001 and has also been regulated in various capacities with the FCA (UK), JFSC (Jersey) and CBI (Ireland) over the last 20 years. Mr Morar holds a degree in Accounting and Finance from the University of Hertfordshire, UK.
Neal Morar is a Managing Director in the Corporates team at Hudson Advisors UK Limited, which advises Lone Star and the funds which it administers, including Lone Star Fund IX, which is an investor in the Company. Prior to his current role, he held the post of UK CFO of Hudson Advisors UK Limited for five years and served on the Boards of various entities across industries including hotels and developments, loan servicer in Italy and an equity release Company. Prior to joining Hudson in 2012, Mr Morar worked for 5 years as Managing Director, International CFO for AIG Investments and 10 years in various CFO roles for the FTSE100 Capita Group including the set up and running of a captive server in Mumbai, India, in 2003. Mr Morar obtained membership of the Chartered Certified Accountants in 1996, gained Fellow status (FCCA) in 2001 and has also been regulated in various capacities with the FCA (UK), JFSC (Jersey) and CBI (Ireland) over the last 20 years. Mr Morar holds a degree in Accounting and Finance from the University of Hertfordshire, UK.
Vishesh Khatnani	Non-Executive Director	2025	2029	Vishesh Khatnani is a Director at Hudson Advisors UK Limited, which advises Lone Star Funds, including Lone Star Fund IX, an investor in the Company. Prior to joining Hudson in 2018, Mr. Khatnani worked for several years as an equity research associate at Macquarie Bank and as an auditor for Deloitte. He is a CFA charterholder, a qualified accountant and holds a Bachelor’s degree in Accounting and Finance from the University of Warwick.
Vishesh Khatnani is a Director at Hudson Advisors UK Limited, which advises Lone Star Funds, including Lone Star Fund IX, an investor in the Company. Prior to joining Hudson in 2018, Mr. Khatnani worked for several years as an equity research associate at Macquarie Bank and as an auditor for Deloitte. He is a CFA charterholder, a qualified accountant and holds a Bachelor’s degree in Accounting and Finance from the University of Warwick.
Claire Knollys	Non-Executive Director	2025	2029	Claire Knollys is a Director at Hudson Advisors UK Limited. Hudson Advisors UK Limited advises Lone Star Funds, including Lone Star Fund IX, an investor in the Company. Mrs Knollys holds her Master’s in Taxation from the Braden School of Taxation (Golden Gate University, United States) and a Bachelor’s degree from the University of Southampton (UK) in Management Sciences. She is a member of the Institute of Chartered Accountants in England and Wales and gained Fellow status in 2016.
Claire Knollys is a Director at Hudson Advisors UK Limited. Hudson Advisors UK Limited advises Lone Star Funds, including Lone Star Fund IX, an investor in the Company. Mrs Knollys holds her Master’s in Taxation from the Braden School of Taxation (Golden Gate University, United States) and a Bachelor’s degree from the University of Southampton (UK) in Management Sciences. She is a member of the Institute of Chartered Accountants in England and Wales and gained Fellow status in 2016.
Vanessa Temple	Independent Director	2022	2029	Vanessa Temple has been ESG Lead for ING Belgium since April 2022. Between Q1 2021 and Q1 2022, she was a member of ING Group’s Climate Risk team. Previously, she led ING’s Belgian capital structuring & advisory team, followed by a position as head of ING’s corporate sector teams for Belgium, Luxembourg & the Nordics. Before stepping into these leadership positions, she worked as an originator for various debt products, including complex financing, acquisition & leveraged finance, and bonds for large & mid-sized corporates. In the early stages of her career, she was a Corporate Relationships Manager forING Singapore, for 3 years. Mrs Temple holds a Master’s degree in Business Engineering (Leuven School of Management, Belgium).
Vanessa Temple has been ESG Lead for ING Belgium since April 2022. Between Q1 2021 and Q1 2022, she was a member of ING Group’s Climate Risk team. Previously, she led ING’s Belgian capital structuring & advisory team, followed by a position as head of ING’s corporate sector teams for Belgium, Luxembourg & the Nordics. Before stepping into these leadership positions, she worked as an originator for various debt products, including complex financing, acquisition & leveraged finance, and bonds for large & mid-sized corporates. In the early stages of her career, she was a Corporate Relationships Manager forING Singapore, for 3 years. Mrs Temple holds a Master’s degree in Business Engineering (Leuven School of Management, Belgium).
Accelium bv, represented by Nicolas Vanden Abeele	Independent Director	2017	2029	Independent Director Nicolas Vanden Abeele is currently the CEO of Ascom, a leading global medtech company, specialised in communication and collaboration solutions for industry and healthcare. He is a seasoned global leader with over 25 years’ experience in a variety of operational and business leadership roles delivering growth, business transformation and operational excellence. Before his current position, he was part of the Executive Committee of Barco, a global leader in visualisation solutions, where he headed the worldwide Entertainment Division. Before joining Barco, he was a member of the Executive Committee at the Etex Group, a leading building materials company where he headed the insulation and building materials division and a director for several Etex Group companies. He also occupied various global executive positions in the technology industry with Alcatel-Lucent and strategy consulting with Arthur Andersen. Mr Vanden Abeele holds Master’s degrees in Business Administration (Catholic University of Leuven, Belgium), Management (Solvay School of Management/ULB Belgium) and International Business and European Economics (College of Europe, Belgium).
Independent Director Nicolas Vanden Abeele is currently the CEO of Ascom, a leading global medtech company, specialised in communication and collaboration solutions for industry and healthcare. He is a seasoned global leader with over 25 years’ experience in a variety of operational and business leadership roles delivering growth, business transformation and operational excellence. Before his current position, he was part of the Executive Committee of Barco, a global leader in visualisation solutions, where he headed the worldwide Entertainment Division. Before joining Barco, he was a member of the Executive Committee at the Etex Group, a leading building materials company where he headed the insulation and building materials division and a director for several Etex Group companies. He also occupied various global executive positions in the technology industry with Alcatel-Lucent and strategy consulting with Arthur Andersen. Mr Vanden Abeele holds Master’s degrees in Business Administration (Catholic University of Leuven, Belgium), Management (Solvay School of Management/ULB Belgium) and International Business and European Economics (College of Europe, Belgium).
Heath Road bv, represented by Johan Deburchgrave	Independent Director	2025	2029	Johan Deburchgrave is CEO of Vandersanden Group (since January 2024) , the largest family-owned ceramic brick producer in Europe. With more than 30 years of experience in the construction industry, including in an international context, Johan has strong operational and general management skills. Prior to Vandersanden Group, Johan served the Unilin Group (in 2019) to become CEO of IVC Group and later as Chief Strategy Officer. As Chief Strategy Officer, Johan led several strategic projects. Prior to Unilin Group, Johan held managerial positions at Etex Group. He studied civil engineering at KU Leuven, supplemented with an MBA from KU Leuven and management training at Vlerick Management School and Insead Fontainebleau.
Johan Deburchgrave is CEO of Vandersanden Group (since January 2024) , the largest family-owned ceramic brick producer in Europe. With more than 30 years of experience in the construction industry, including in an international context, Johan has strong operational and general management skills. Prior to Vandersanden Group, Johan served the Unilin Group (in 2019) to become CEO of IVC Group and later as Chief Strategy Officer. As Chief Strategy Officer, Johan led several strategic projects. Prior to Unilin Group, Johan held managerial positions at Etex Group. He studied civil engineering at KU Leuven, supplemented with an MBA from KU Leuven and management training at Vlerick Management School and Insead Fontainebleau.

*Our Management committee is of the informal executive type, as specified within Article 96§3 of the Belgian Companies Code, rather than the one specified in Article 524bis

Company leadership

Meet our Management committee

James Neuling

Andy Rogiest

Jim Cusick

Board of directors