J.J.M. Veraart resigns as president Board of Management of HBG
Rijswijk, the Netherlands – J.J.M. Veraart  president of the Board of Mangement of HBG since May 1997, will resign as of 15 July 2000.
His decision follows on the announcement that the merger between HBG and Boskalis will not take place.
In a memorandum to all employees Mr Veraart explains, that in his opinion it is in the best interest of the Group, that 'HBG embarks on its future course under a new management and HBG should have a Board of Management that can be clearly identified with the future. It is difficult for me to be part of that in view of my forthcoming retirement.'
The Supervisory Board of HBG has, with great regret, accepted the request of Mr Veraart to resign. The Supervisory Board would like to express its considerable appreciation of the enthusiastic and energetic way, in which Mr Veraart has managed the Group during the last three years.
The Supervisory Board has appointed Mr C.J.A. Reigersman  as president of the Board of Management with effect from 15 July 2000. Mr Reigersman joined HBG in 1974 and has been a member of the Board of Management since 1995. The new Board of Management of HBG will consist of Mr C.J.A Reigersman, president, Mr D. Sinninghe Damsté , Mr K.K. Troost  and Mr D. de Waard . Mr Sinninghe Damsté, a member and vice-president of the Board of Management since 1988, will retire on 1 November 2000 in accordance with earlier announcements.
The Supervisory Board intends to appoint Mr G.H. Hoefsloot  as a member of the Board of Management as of 1 September 2000. Mr Hoefsloot is currently director of the Dutch group company HBG Bouw en Vastgoed.
drs. A.C. Pronk, HBG Public Relations, telefoon 070 3722121.