Press release
Velsen, 28 September 2012 (before market opening) CROWN VAN GELDER PRESS RELEASE CROWN VAN GELDER PROPOSES NEW SUPERVISORY BOARD MEMBERS IN ANTICIPATION OF RETIREMENT TWO CURRENT MEMBERS EXTRAORDINARY GENERAL MEETING (EGM) OF SHAREHOLDERS TO BE HELD ON 9 NOVEMBER 2012
Crown Van Gelder N.V. (CVG) announces its intention to
appoint Mr. Jacques van den Hoven and Mr. Henk van Houtum as
members of its Supervisory Board. The proposed appointments
will be submitted for approval at the Extraordinary General
Meeting of Shareholders (EGM) on 9
November 2012.
With these proposed appointments, CVG anticipates the
expiration of the final term of Mr. Klaas Schaafsma as member
of the Supervisory Board in May 2013. Simultaneously, the
current Chairman of the Supervisory Board, Mr. Berry
Bemelmans, has decided to step down in May
2013, one year before the end of his final term. When
accepting this final term Mr. Bemelmans already indicated his
intention to shorten the total period. In the light of the
strategic review which is currently in progress, the
Management and Supervisory Board attach great importance to a
thorough introduction and a smooth transfer of
responsibilities to the intended new members of the
Supervisory Board.
The proposed appointment of the Supervisory Board members
will take place during an EGM of shareholders, to be held on
9 November 2012 starting at 11.00 a.m., at the Crown Van
Gelder offices in Velsen-Noord, The Netherlands. The
Supervisory Board will be temporarily expanded, and with the
resignation of Mr. Schaafsma and Mr. Bemelmans will be
brought back to 5 members after the Annual General Meeting of
Shareholders on 16 May 2013.
Mr. Jacques van den Hoven (60, Dutch nationality) is a former
member of the Management Board of Heijmans N.V. He currently
holds various Supervisory Board positions. Mr. Van den Hoven
has ample managerial expertise. After his appointment as
Supervisory Board member and after the retirement of Mr.
Bemelmans the Supervisory Board intends to nominate Mr. Van
den Hoven as chairman of the Supervisory Board of CVG.
Mr. Henk van Houtum (59, Dutch nationality) is Director
Strategy and Innovation at Van
Houtum, an independent producer of hygienic paper in the
Netherlands. With Mr. Van Houtum s vast knowledge of the
paper sector he will be able to make a valuable contribution
to the Supervisory Board in the areas of company strategy,
production technology and innovation. There is no
(anticipated) business relationship between CVG and the Van
Houtum company.
The Supervisory and Management Board of CVG are convinced
that with these proposed appointments, the Supervisory Board
is well positioned to provide continuity in the cooperation
with the Management Board to execute CVG s strategic review
in progress.
1-2
Press release
The Works council and the General Meeting of Shareholders
have a right of recommendation in respect of the two
vacancies in the Supervisory Board.
The agenda of the EGM has been published on the company s
website.
Crown Van Gelder will publish a trading update on 8 November
2012 (before market opening).
For more information, please contact:
Henk van der Zwaag, CFO, tel. + 31 (0)251 262 201
Internet site:
www.cvg.nl
Profile:
Crown Van Gelder N.V. is a specialist paper manufacturer with
around 280 staff. The company develops, produces and sells
high-quality speciality products in the woodfree uncoated and
single-coated paper sectors. The product portfolio includes
customised solutions for self- adhesive labels and base paper
grades that are coated, metallised or provided with a
(polyethylene) PE coating, and paper products suited as
packaging materials for use in combination with foodstuffs,
and a series of speciality paper products designed to print
forms, direct mail, envelopes, books, and manuals. Crown Van
Gelder N.V. is listed on NYSE Euronext Amsterdam.
2-2
distributed by |