Bernard Gustin to continue his role as Lineas Chairman, in parallel with his role as CEO of Elia Group
Brussels, 12 December 2024 - Lineas and its Board of Directors congratulate Bernard Gustin on his new role as CEO of Elia Group and are pleased that Bernard will pursue his role within the company as Chairman.
Lineas and its Board of Directors congratulate Bernard Gustin on his new role as CEO of Elia Group, announced today by the electricity transmission operator. This appointment at the head of a BEL20 company is a sign of recognition of his expertise and strategic vision.
Bernard Gustin will remain Chairman of Lineas. He will focus on strategy, business plan implementation and the financing objectives, while progressively phasing out from the day-to-day responsibility. Lineas’ transformational plan has very well progressed over the past months, resulting in a significant financial performance improvement.
The latest nominations to the Executive Leadership have reinforced Lineas’ management capacity and skills. Together with the appointment of an experienced managing director, Bernard will take step back from day-to-day matters. To ensure the continued success of the its transformation, Lineas can already count on a strong and experienced team
- Alban François, Chief Operating Officer and Management Board Member
- Luc Pirenne, Chief Commercial Officer and Management Board Member
- Jan Luyten, Chief Human Resources Officer and expected to join the Management Board (as from 15/1/25)
- Mark Geuens, Chief Information Officer
- Anne Grandjean, Communications & Reputation Director
- Matthieu Aernouts, General Manager Lineas France
- Katrin Kröger, General Manager Lineas the Netherlands and Germany
- Jeroen Vermaelen, General Manager Lineas Belgium
Since February 2022, Lineas has embarked on an in-depth transformation which enabled the company to make significant progress. In 2022, Lineas recorded losses of €80 million (EBIT).
In 2023, these losses were reduced to €40 million, and the company plans to reduce these losses below €15 this year for a turnover of €500 million. The objective is to reach financial profitability in 2025, which would represent a first in the company's history.
Lineas has taken decisive steps to improve its profitability and strengthen its market position: (i) simplification of the offer, (ii) review of contracts, (iii) improved customer satisfaction (iv) digital innovation and (v) internal restructuring.
Lineas is now on the road to success and remains determined to achieve its objectives.