At the General Meeting on 30 April 2025, KBC Group nominated Michiel Allaerts as a new director for four years, replacing Theodoros Roussis whose mandate expired after this General Meeting.

According to the company’s press release, Theodoros Roussis, current chairman of the Board of Directors of Ravago, has been a non-executive director on the Board of Directors of KBC Group, representing the core shareholders, since 1997.

After the recent General Meeting, Theodoros Roussis will be succeeded by Michiel Allaerts, current CFO and COO of Ravago.

"I would like to take this opportunity to warmly thank Theo for his valuable contributions to the Board. His many years of experience in the corporate world and his unique entrepreneurial talent have provided us with extremely valuable insights. His commitment, expertise and entrepreneurship will have a lasting impact on our Board and our organization”, commented Koenraad Debackere, Chairman of the Board of Directors of KBC Group. “I would like to welcome Michiel Allaerts. We trust that Michiel's commitment, expertise and direct involvement in the important economic transitions we face will contribute to the continued success of our company”, Koenraad Debackere added.