Frequently asked questions

What is the profile of Bekaert?

Bekaert ( is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with 30 000 employees worldwide, headquarters in Belgium and € 5.1 billion in combined revenue

  • In which sectors is Bekaert present?    
Bekaert is present in:
The automotive sector (mainly a replacement market)  45%
Construction sector  (mainly project and infrastructure) 21%
Telecom and utilities  7%
Agriculture (mainly in the America’s)      8%
Consumer products
Basic materials 6%
Equipment 6%



  • Where is Bekaert active? 
Bekaert has a worldwide activity platform in almost 40 countries 

  • How many people are employed by Bekaert? 
Bekaert employs about 30 000 people 
Bekaert worldwide  29 700   
Of which in consolidated companies 26 200   
Of which in joint ventures  3 500 (Latin America) 
Europe 7 870 of which 1 853 in Belgium 
North America 1 430  
Latin America 6 650  
Asia 11 130  
BBRG  2 620  
  • How much does Bekaert invest in R&D?

In 2018, Bekaert invested about 65 million euro in R&D.

Bekaert has an international R&D team in Belgium, a development team in China and several technical centers worldwide.

Bekaert is also outward oriented by co-development with customers and through a network of universities.

  • What is the dividend policy of Bekaert?
It is the policy of the Board of Directors to propose a profit appropriation to the Annual General Meeting which, insofar as the profit permits, provides a stable or growing dividend while maintaining an adequate level of cash flow in the company for investment and self-financing in order to support growth. In practice, this means that the company seeks to maintain a pay-out ratio of around 40% of the result for the period attributable to the Group over the longer term.  
  • What are the important dates of the dividend?    
  Ex-date  Record date  Payable date 
2019  9 May  10 May  13 May 

  • What is Bekaert’s shareholders’ structure? 
The principal shareholder is Stichting Administratiekantoor Bekaert (SAK) and holds 34.21% of the shares.
20.71% are institutionals. 
18.94% are Belgian retail and Private banking
06.46% are treasury shares
The remainder is unidentified.  
            Shareholder structure 2019
  • When was the Bekaert share first listed? 
December 1972
  • Does Bekaert give result guidance?        
Bekaert discloses its long term guidance on growth, returns, cash flow, EBIT, working capital, dividend policy, tax and on debt indicators.
  • When will the next Annual General Meeting of Shareholders take place?

The General Meeting of Shareholders takes place every second Wednesday of May.  

2019: 08 May


  • What is the composition of the Board of Directors?
The Board of Directors consists of 15 members, who are appointed by the General Meeting of Shareholders. The Chairman and the Chief Executive Officer are never the same individual. The Chief Executive Officer is the only Board member with an executive function. All other members are non-executive Directors.

Composition Board of Directors as from the General Meeting of Shareholders of 9 May 2018: 
      • Mr. Bert De Graeve, Chairman
      • Mr. Matthew Taylor, CEO
      • Ms. Celia Baxter (*) 
      • Mr. Leon Bekaert
      • Mr. Grégory Dalle
      • Mr. Charles de Liedekerke
      • Mr. Christophe Jacobs van Merlen
      • Mr. Hubert Jacobs van Merlen
      • Mr. Maxime Jadot
      • Ms. Pamela Knapp (*) 
      • Ms. Martina Merz (*)
      • Mr. Colin Smith
      • Ms. Emilie van de Walle de Ghelcke
      • Mr. Henri Jean Velge
      • Ms. Mei Ye (*) 
(*) Independent Directors

  • Which are the committees of the Board of Directors?
The Board of Directors has established three advisory Committees.
    • the Audit and Finance Committee, chaired by Lady Barbara Thomas Judge, independent Director
    • the Nomination and Remuneration Committee, chaired by the Chairman of the Board
    • and the Strategic Committee, chaired by the Chairman of the Board.  
  • How is the Executive Management operating?
The Bekaert Group Executive (BGE) has the collective responsibility to deliver the long-term and short-term objectives of the Group. It is chaired by the Chief Executive Officer and has the following balanced composition:
  • members representing the global Business Platforms, who are accountable for customers and strategy and for the delivery of the long-term margin and growth objectives of their platforms;
  • members representing the Regional Operations, who are accountable for the execution and delivery of the annual objectives in their regions; and
  • members representing the Global Functions, with responsibility for functional excellence and compliance in their functional areas.
Mr Stijn Vanneste joined the BGE effective 1 April 2016.

Frank Vromant was appointed Chief Financial Officer ad interim on 15 November 2018. He succeeded Beatríz García-Cos who decided to leave the company. 

Name   Position   Appointed 
Matthew Taylor  Chief Executive Officer  2014 
Lieven Larmuseau
Executive Vice President Rubber Reinforcement Business Platforms
Piet Van Riet
Executive Vice President Industrial Products and Specialty Products Business Platforms
Stijn Vanneste  Executive Vice President Europe, South Asia and South East Asia
Frank Vromant  Chief Financial Officer - ad interim - Executive Vice President Americas   2011
Curd Vandekerckhove  Executive Vice President Global Operations   2012
Jun Liao Executive Vice President North Asia  2018
Geert Van Haver  Chief Technology and Engineering Officer and Executive Vice President  2014
Rajita D'Souza  Chief Human Resources Officer   2017

  • Who is the Statutory Auditor?
The company’s Statutory Auditor is Deloitte Bedrijfsrevisoren.



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