Dorel News

Dorel Juvenile Europe Strengthening Senior Management to Drive Reinvigorated Business

Montreal, Quebec - 1/7/2019

Dorel Industries Inc. (TSX: DII.B, DII.A) today announced it has replaced the President and CEO of Dorel Juvenile Europe (DJE). Raul Sepulveda has assumed the duties of Charles De Kervénoaël, who has left the Company to pursue other opportunities. In addition, Adriano Nascentes, previously with Dorel Sports, has been named to the newly created position of Chief Operating Officer, DJE.

“Conditions in Europe have been challenging for some time and we determined that major improvements were necessary,” stated Dorel President and CEO, Martin Schwartz. “Things are coming along in DJE and we are confident that Raul’s proven management skills as well as his strengths in product development and marketing, supported by Adriano, will have a positive effect on our European business. Our juvenile products continue to resonate well with consumers. We fully expect to make further inroads with this new leadership team, pursuing opportunities that build market share and customer loyalty to drive sustainable growth in 2019 and beyond.”

Raul joined Dorel Juvenile Chile in 2011 as Group Brand Manager. In 2016, he was promoted to the position of Global Brand Director for Maxi-Cosi. In January 2018, his responsibilities were further expanded to support and drive business development for Quinny and Maxi-Cosi as Vice President Maxi-Cosi – Quinny.

Most recently Adriano was General Manager of Dorel Sports’ Cycling Sports Group Europe. Prior to that, he was the CFO of Caloi for six years. Earlier in his career, he held a series of positions at KRAFT Foods and Deloitte, in both the U.S. and Brazil. He has a strong track record in developing successful strategies and delivering results. Taking Adriano’s position at Dorel Sports is Eugene Fierkens who, since 2004, has served in several executive roles at Specialized Bicycle in Europe, most recently as Global Leader, Business Development.