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Filiep Libeert Succeeds Jan De Clerck as CEO of Domo

May 16, 2005

GHENT, Belgium — Domo has announced a new chain of command. As of May 1, Filiep Libeert has succeeded Jan De Clerck as CEO, managing director and president of the executive committee of Domo. Filiep Libeert is chairman of Euratex and is known to be one of the most prominent advocates of the European textile sector.

Recently, he became an independent governor of Picanol, a Belgian producer of high-tech weaving machines.

Jan De Clerck founded the carpet and chemistry group Domo in 1978 and is principal shareholder.

Owner Jan De Clerck about this decision: "I consider this to be a logical step in the further development and ever greater professionalism of Domo. The group's internal diversity forces us to pay even more attention to the strategic level. This will become my principal point for attention of both the board of directors and myself. The operational leadership will be warranted by highly competent persons. We are very pleased that Filiep Libeert is joining us. He has a lot of industry and management knowledge."

Since its creation, Domo has changed considerably. Its turnover rose from 27 million euro to 859 million euro in 2004, with a workforce of 2,350 people. The group consists of three divisions: Chemicals and Polymers, Fibers and Yarns, and Floorcoverings. Together, these comprise of eight production sites in Belgium, Germany and The Netherlands.

In 1999, a board of directors was established. This board consisted of an independent president and three independent directors on a total of six members.

The members of this executive committee are Alex Segers, the present COO who will also be appointed as director, CFO Ivan Lokere, Frank De Cooman and Norbert Leetsch. Baron Paul De Keersmaeker remains president of the board of directors of Domo.


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