BAM will enter next strategic cycle under new leadership
CEO Van Wingerden to transfer the helm
Bunnik, the Netherlands, 17 February 2020 – The Supervisory Board of Royal BAM Group nv announces that by mutual agreement it has been decided that Rob van Wingerden will not be nominated for a next term as CEO and member of the Executive Board. The end of the current strategic cycle provides a natural moment for Van Wingerden to transfer the helm. The Supervisory Board has initiated the search for a successor, who will be leading the next stage of BAM’s development, including the preparation of a strategic update.
Van Wingerden will step down at the end of his term, per 15 April 2020 at the Annual General Meeting of Shareholders. Until a successor is appointed, Frans den Houter, currently CFO of BAM, will serve as CEO on an interim basis. Paul Sheffield, member of the Supervisory Board since 2017, will act as delegated Supervisory Board member to support the Executive Committee in an advisory role.
Rob van Wingerden has been twelve years member of the Executive Board, of which 5,5 years as the CEO. He started his career with the Group in 1988.
‘Rob has steered BAM in turbulent times,’ said Harrie Noy, chairman of the Supervisory Board. ‘He has a clear vision of what is needed to deal with the challenges of the future. By introducing the One BAM concept he provided the basis for the transformation process that the company is going through. With over thirty years of loyal service to BAM we can only be grateful for Rob’s contribution, vision and leadership.’
Rob van Wingerden, CEO: ‘After almost six years as CEO and with the prospect of an updated strategy ahead, this is now a logical moment to change leadership of the company. I am proud of what we have achieved with the One BAM programme as this enables us to leverage the scale of our company and the knowledge of our people. Being a frontrunner in digitisation and sustainability, BAM holds enormous potential, now and in the future. Although I will still be in my role for some months, I do want to take the opportunity to thank all of my colleagues who are at the heart of BAM. It has been a privilege to lead this great company.’
In accordance with its contractual obligations, BAM will pay a severance payment of one-year base salary.
Royal BAM Group will report on its Full Year Results on Friday 21 February 2020. The Annual General Meeting of Shareholders will take place on Wednesday 15 April 2020. The company is planning for a strategy update, for which a date will be announced after the new CEO has started.