Articles from JAB

JAB today announced that Peter Harf, 78, has decided to retire after a distinguished career, including more than 40 years at JAB. He will remain fully invested in the firm and will also continue to serve as Chairman of the Board and Managing Director of Alfred Landecker Foundation, a non-profit organization founded by the Reimann family.

JAB has strengthened and reorganized its team to support its strategic transformation, building on the firm’s success in pet insurance with the addition of a global life insurance platform. Together with its lasting commitment to consumer goods and services, this new strategy will further diversify JAB’s portfolio and position the investment firm for sustainable long-term growth.

JAB today announced that it agreed to acquire Mondelez’s (Nasdaq: MDLZ) 86 million shares in JDE Peet’s (EURONEXT: JDEP) for €25.10 per share. Additionally, JAB has distributed shares of JDE Peet’s to more than 70 limited partners of JAB Consumer Partners (JCP), significantly increasing the free float of JDE Peet’s. This is the final distribution of JDE Peet’s shares to JCP investors.

JAB will build a global insurance platform and establish an asset management company under the leadership of Anant Bhalla, who has joined as Senior Partner and Chief Investment Officer.

JAB is pleased to welcome Gordon von Bretten to the JAB Partnership, effective April 1, 2024. Based in London, von Bretten brings 30 years of operational experience, with a strong track record of value creation and performance enhancement.

JAB is pleased to announce that Managing Partner Joachim Creus has been appointed CEO of JAB. Additionally, Mr. Creus will continue to serve as Vice Chairman of the JAB Board and is the designated successor to Chairman Peter Harf.

JAB and insurer BNP Paribas Cardif today announced a strategic alliance to deliver a range of pet insurance services throughout the UK, EMEA and Latin America, with a vision to offer additional pet healthcare services over time. As part of the agreement, JAB will hold a majority stake in a new holding company to which BNP Paribas Cardif will contribute Cardif Pinnacle, its subsidiary focused on the rapidly growing pet insurance sector. BNP Paribas Cardif will remain significantly involved in the pet healthcare activity, supporting the development of this alliance through a continued stake in the business. The transaction is expected to close in Q2 2022, subject to customary closing conditions, including applicable regulatory approvals.

JAB today announced a number of partnership promotions, including Joachim Creus to Managing Partner, Ricardo Rittes to Senior Partner, and Trevor Ashley to Partner. The promotions will be effective immediately and are another step in JAB’s investment in its future leadership.