CEO Theo Bruijninckx Leaves Ballast Nedam in 2014

Feb 26, 2014, 01:30 ET from Ballast Nedam

NIEUWEGEIN, The Netherlands, February 26, 2014 /PRNewswire/ --

Theo Bruijninckx (52) will leave the Board of Management of Ballast Nedam as of 1 July 2014. This decision has been made in close consultation with the Supervisory Board. The Supervisory Board has started the search for a successor.

"After further aligning our strategic focus and the refinancing of Ballast Nedam, the time is right to transfer the leadership of the company. Looking back on 24 great years with Ballast Nedam, of which 11 years as a member of the Board of Management and the last seven years as Chairman of the Board, it is time for a change, both for the company and for myself," says Theo Bruijninckx.

The Chairman of the Supervisory Board Ad Smits: "We are grateful to Theo for his years of immense effort and resolution with which he has led Ballast Nedam, especially in the turbulent times in which the company has found itself."

Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.

Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards modular products and specific product-market combinations with greater added value.

Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society.


SOURCE Ballast Nedam