Sustainable growth through family corporate governance

Founded in 1865, Bel is led by Antoine Fiévet, who represents the fifth generation of Bel family leaders. At December 31, 2014, 71% of Bel's share capital was owned by Unibel, the Bel Group's lead holding company, itself 80%-owned by members of the Fiévet-Bel family group. Unibel is the family entity that defines Bel's long-term vision and strategy to ensure the company's sustainable growth and independence.