D'Ieteren CEO Deprez to Step Down; Eric Machiels Named Successor

D'Ieteren announced CEO Francis Deprez will step down after seven years, to be replaced in December by external hire Eric Machiels. The leadership change, disclosed alongside semi-annual results, signals a strategic shift for the Brussels-based holding company, which owns Belron (Carglass) and imports Volkswagen. Market reaction will hinge on Machiels' strategic direction and potential restructuring.