Posted April 5, 2016

 

ALMELO, The Netherlands – After 26 years of employment with Royal Ten Cate (TenCate), almost 16 years of which as president and CEO, Loek de Vries, in close consultation with the supervisory board, has decided to step down.

 

The supervisory board will be considering how to fill the vacancy left by de Vries. The board has invited de Vries to join the body, and he has expressed his willingness to accept. He is expected to, therefore, to be nominated as a member during the next General Meeting of Shareholders.

 

De Vries began his career at TenCate here in 1990 as group director, TenCate Advanced Textiles, and was rapidly able to carve out a career. He has held various positions, including that of CEO and president of the executive board since 2000. As CEO, he was successful in bringing about the complete transformation of TenCate into an advanced technical textile multinational, with a leading position in key global niches such as synthetic turf, composites, geotextiles and protective fabrics.

 

"Once the public offer and the delisting of TenCate had successfully been completed, the time had come for me to assess the situation,” de Vries said. “The new phase that TenCate is now entering is a logical time to make way for the next generation."

 

Added Jan Albers, chairman of the supervisory board: "We are extremely grateful to de Vries for everything that he has done for the company in the 26 years that he has been connected with TenCate. TenCate owes him a great deal. We respect his decision to stand down and we look forward to welcoming him as a member of the supervisory board of TenCate."

 

Source: Royal Ten Cate

People

On the move