The Board of Directors of NV Bekaert SA announces today the succession plans of its Chairman and Directors of the Board.
The Board of Directors of NV Bekaert SA is proud to announce:
- the nomination of Jürgen Tinggren as the next Chairman. His appointment as independent Director of the Board is subject to approval by the Annual General Meeting of Shareholders of 8 May 2019 and will, upon approval, take effect at the close of the Meeting.
- the nomination of Caroline Storme as a member of the Board of Directors. Her nomination, too, is subject to approval by the Annual General meeting of Shareholders of 8 May 2019.
The term of office of the Chairman of the Board, Bert De Graeve
, will expire at the close of the Annual General Meeting of Shareholders of 8 May 2019. After 5 years in the Chair of the Board, Bert De Graeve seeks no re-election for a new term of 4 years.
The terms of office of the Directors Leon Bekaert
, Grégory Dalle
, Charles de Liedekerke
, Hubert Jacobs van Merle
n and Maxime Jadot
will also expire at the close of the Annual General Meeting of Shareholders of 8 May 2019. Mssrs Grégory Dalle, Charles de Liedekerke and Hubert Jacobs van Merlen are candidates for re-election. Mssrs Maxime Jadot and Leon Bekaert, both having served 25 years on the Board of Bekaert, seek no re-election. Ms Martina Merz
, independent Director of the Board, will resign on 8 May 2019, given her recent appointment as Chair of Thyssenkrupp AG in addition to other mandates.
The new composition of the Board will reduce from 15 to 13 members. The responsibilities and composition of the Committees of the Board will be determined and announced when the abovementioned nominations become effective.