Press release 15 June 2021

EuroCommerce elects Juan Manuel Morales as its new President

EuroCommerce is pleased to announce the election at its General Assembly today of Juan Manuel Morales as its new President. Mr. Morales will take up his three-year mandate from 1 July 2021.

Mr. Morales commented upon his election:

“I will want to focus on guiding an important organisation representing the Europe’s largest private sector employer, a driver of growth for a wide range of other ecosystems, and a linchpin of local communities. We are under massive competitive and regulatory pressure in a low margin sector, which is often overlooked by policymakers. This is something we must, and will work to change. I am proud therefore, and deeply honoured, to have been elected to continue and take forward the valuable work undertaken by EuroCommerce members and staff, and, above all, by my excellent predecessor Régis Degelcke, to whom I extend my heartfelt thanks”.

“The COVID-19 pandemic has been a challenge for everyone in and wholesale, particularly in non-food. The very existence of thousands of SMEs, who represent 99% of our sector, is at risk. In addition, retail and wholesale face the dual challenge of the digital and green transformation, both of which require significant investment.”

In handing over the baton as President, Régis Degelcke added:

“I believe EuroCommerce has built up further its reputation as a strong organisation representing an essential ecosystem for the European economy and a provider of a vital service every day to the people who really matter – Europe’ 450 million consumers. It has worked hard to underline how our sector has faced the challenges of the last 18 months, and to get across important messages about its needs, both financial and policy. All of us are looking forward to working under Juan Manuel’s leadership, whose ambition for, and commitment to the industry will help EuroCommerce reach even greater heights.”

~ENDS~

Juan Manuel Morales is managing director of IFA, a leading retail group in Southern Europe, with more than 130,000 employees and 11,000 stores operated by its affiliates across Spain, Portugal, and Italy. Morales’ whole career has been with the consumer goods industry, spanning 30 years within both retail and food and drink manufacturers in Spain, Portugal, Poland and the Baltics: before joining IFA in 2011, he held commercial, general management, and president positions in Grupo Osborne, The Coca-Cola company, and Nielsen.

Juan Manuel is also Vice-President of our member association ASEDAS, member of the executive committee of the Spanish business and employers’ federation CEOE, and board member of AECOC, the Spanish GS1 association.

He has a degree in Economics and Business from the Complutense University of Madrid and an Executive MBA from the IESE Business School. He speaks Spanish, Portuguese, English and Italian. Juan Manuel is married, has two children, and is passionate about football and golf.

Contact: Neil McMillan - +32 479 40 22 41- [email protected] Vincent Yhuello - +32 471 95 03 55 - [email protected] www.eurocommerce.eu

•••••••••••••••• ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• EuroCommerce is the principal European organisation representing the retail and wholesale sector. It embraces national associations in 31 countries and 5.4 million companies, both leading global players such as , Ikea, Metro and , and many small businesses. Retail and wholesale provide a link between producers and 500 million European consumers over a billion times a day. It generates 1 in 7 jobs, providing a varied career for 29 million Europeans, many of them young people. It also supports millions of further jobs throughout the supply chain, from small local suppliers to international businesses. EuroCommerce is the recognised European social partner for the retail and wholesale sector.