Company leadership

Chairman of the Board

Cyrille Ragoucy has over 25 years’ experience in senior management positions. Before arriving at Belysse, he was CEO at Tarmac Ltd (originally Lafarge Tarmac), a leading building materials and construction solutions firm in the UK. There, he played an instrumental role in the joint venture between Lafarge SA and Anglo American, as well as several acquisitions.

From 1998 to 2012, he was CEO of Lafarge Shui On Cement, a Chinese joint venture between Lafarge and Shui On, and CEO of Lafarge Construction Materials for Eastern Canada.

Mr Ragoucy holds a Master’s degree in Management (University of Paris IX, France).

Non-Executive Director

Michael Kolbeck has been Managing Director and Head of Europe for Corporate Investments at Hudson Advisors UK Limited since 2017. The company advises Lone Star Funds, including Lone Star Fund IX, a Belysse investor. Before this position, he was Managing Director at Lone Star Germany Acquisitions GmbH and worked as an investment manager for Allianz Group.

Michael is currently also a board member at:

• Xella International S.A.: a leading European building materials

• LSF11 Skyscraper Investments S.a r.l.: a main entity at the head of the MBCC Group - a leading supplier of innovative construction chemicals and solutions

• Dynamic Bulk LLC: a shipping company

Mr Kolbeck holds a Master’s degree in Business Administration (Ludwig-Maximilians University, Germany).

Non-Executive Director

Neal Morar is a Managing Director at Hudson Advisors UK Limited. The company advises Lone Star Funds, including Lone Star Fund IX, a Belysse investor. Before his current function, he was UK CFO of Hudson Advisors UK Limited and a board member for several companies such as hotels and developments, a loan servicer in Italy and an equity release company. Mr Morar’s experience also includes:

• 5 years as a Managing Director and International CFO at AIG Investment

• 10 years in various CFO roles for the FTSE 100 Capita Group, including the set-up and running of a captive server in Mumbai, India

Mr Morar obtained a membership of the Chartered Certified Accountants, gained Fellow status (FCCA) in 2001 and has also been regulated in various capacities with the FCA (UK), JFSC (Jersey) and CBI (Ireland).

Mr Morar holds a degree in Accounting and Finance (University of Hertfordshire, UK).

Non-Executive Director

Hannah Strong is Vice President Legal Counsel at Hudson Advisors UK Limited. The company advises Lone Star Funds, including Lone Star Fund IX, a Belysse investor. From 2013 to 2017, she worked as in-house legal counsel at The Carlyle Group. Before this, she was a corporate associate at Latham & Watkins in London. Ms Strong has extensive experience in advising on legal and compliance issues, across numerous industries and jurisdictions.

Ms Strong holds a Bachelor’s degree in Jurisprudence (Oxford University, UK).

Non-Executive Director

Patrick Lebreton has been Managing Director Corporates at Hudson Advisors UK Limited since 2015. The company advises Lone Star Funds, including Lone Star Fund IX, a Belysse investor. Before his current position, he was a Director (Operating Partner) of Montagu Associates for 3 years, where he advised the Montagu private equity fund. From 2004 to 2012, he was Executive Vice President in the Portfolio Group at Bain Capital. His experience also includes:

• Executive posts at General Electric

• A managerial position at Accenture

• U.S. Army Officer, serving in Operation Desert Storm

Mr Lebreton is currently also Chairman of Stark Group, the leading Scandinavian builders merchant chain, and a Director of Edilans S.à r.l., the leading French roofing products company.

Mr Lebreton holds a Bachelor’s degree of Science in International Economics and Finance (Georgetown University, US) and a Master’s degree in Business Administration (Harvard Business School, US).

Non-Executive Director

Ms Flora Siegert is a legal counsel at Lone Star Capital Investments S.à r.l., a Belysse investor. Prior to her current position, she was a corporate and financing associate at Elvinger Hoss Prussen and she worked in the M&A department of Canal+, a subsidiary of the Vivendi Group.

She currently also serves as a board member in several multinational corporations:

• MB Solutions Investments S.à r.l., the main entity at the head of the MBCC Group, a leading supplier of innovative construction chemicals and solutions
• LSF11 Folio Lux S.à r.l., the entity at the head of XSYS, a leading provider of consumables and equipment to the flexographic printed packaging industry
• LSF11 Magpie Topco S.à r.l., an investor in Manuchar NV, a leading chemicals and commodities distributor in emerging markets

Ms Siegert holds Master’s degrees in Global Business Law and Governance (Columbia Law School New York, US), Business Law (Sorbonne University Paris, France) and in Law and Economics (Paris Institute of Political Studies, France).

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

Itzhak Wiesenfeld has 30 years’ experience in senior management positions. For 12 years he was the EMEA CEO at ASSA ABLOY, the global leader in door opening solutions. Under his leadership, its revenues grew by 50% and delivered high profits and strong cash flows. Previously, Mr Wiesenfeld was CEO of ASSA ABLOY in the UK and CEO of Mul-T-Lock. His experience includes optimisation of manufacturing footprint, digitisation of industrial companies and execution of many M&A deals. His commercial background includes B2B and B2C in a multi-channel market environment.

This senior industry expert, predominantly involved in M&A deals for private equity firms, also works as a:

• Chairman of iLOQ: a fast-growing digital locks company, based in Finland and owned by Nordic Capital.

• Board member at FlaktGroup: a leading European ventilation and air management solutions company, owned by Triton Partners.

Mr Wiesenfeld holds a Bachelor’s degree of Science in Industrial Engineering (Technion, Israel Institute of Technology) and an MBA (Bar-Ilan University, Israel). He is also a Sloan graduate (London Business School, UK).

Independent Director

Vanessa Temple has been a member of ING's Climate Risk team since Q1 2021. 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 for ING Singapore, for 3 years.

Ms Temple holds a Master’s degree in Business Engineering (Leuven School of Management, Belgium).