Presco Plc has announced the appointment of Mr. François Van Hoydonck as a Non-Executive Director, a move that strengthens the company’s board with decades of expertise in agribusiness, finance, and corporate governance. The appointment, disclosed in a filing to the Nigerian Exchange Limited (NGX), fills a casual vacancy on the Board of Directors and will be submitted for shareholder ratification at the next Annual General Meeting. Van Hoydonck’s extensive background in international agribusiness and plantation management is expected to support Presco’s strategic growth in Nigeria’s agricultural and palm oil sectors.
Van Hoydonck began his career in 1979 with the Belgian agribusiness group SIPEF, where he advanced to become Chief Financial Officer in 1995. In that role, he oversaw financial management and strategic planning across SIPEF’s global operations, contributing to the company’s expansion and operational efficiency. He later served as Managing Director and Director of SIPEF from 2007 until his retirement from executive management in September 2024, during which time the company strengthened its footprint in the international plantation sector.
Even after stepping down from executive duties, Van Hoydonck remained active in corporate leadership, continuing as a Non-Executive Director on SIPEF’s Board. He currently holds director positions at Jabelmalux SA and Verdant Bioscience in Singapore, and was appointed an Independent Non-Executive Director of the SIAT Group in June 2025. His broad experience in financial oversight, international business operations, and corporate governance aligns closely with Presco’s goals of sustainable growth and improved governance.
Presco Plc, a leading agro-industrial company in Nigeria, operates across oil palm cultivation, processing, and value-added agricultural products. The company emphasized that Van Hoydonck’s appointment brings critical insights into global agribusiness trends and financial management, which will enhance strategic decision-making and long-term planning. His international experience is seen as a valuable asset as Presco seeks to expand its operations and strengthen its position in the competitive Nigerian agricultural market.
The inclusion of Van Hoydonck on the board reflects Presco’s commitment to building a governance structure that supports innovation, transparency, and sustainable development. His presence is expected to provide strategic oversight and guidance as the company navigates evolving market dynamics and investment opportunities. This appointment marks a significant step in Presco’s ongoing efforts to align with global best practices in corporate governance and agribusiness leadership.
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