JAB Holdings reshuffles management team
Current CEO Olivier Goudet is stepping down and will be replaced by Joachim Creus.
Luxemburg conglomerate JAB Holdings, which has an important presence in the pet insurance sector, has appointed Joachim Creus as its new CEO.
He will replace Olivier Goudet, who will remain a shareholder and serve as a senior investment advisor.
Creus, who qualified his new executive role as “a great privilege,” has worked for JAB in different roles since 2010. Previously, he worked for a wide range of corporations such as tax advisers Rödl & Partner and automation and manufacturing company Siemens.
New managing director
Senior Partner Frank Engelen has been promoted to Managing Director. Engelen, who started working at JAB Holdings in 2020, has been referred to by JAB Chairman Peter Harf as “an increasingly important” asset to the firm.
He has also played a key role in the firm’s pet insurance platform portfolio. JAB Holdings acquired New York-based pet insurance company Pumpkin earlier in the year. In 2022, it added Crum & Forster Pet Insurance Group and Pethealth to its pet portfolio in a bid to become a global leader in the segment.
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