Aalberts Industries announced that the supervisory board has the intention to appoint current COO Wim Pelsma as CEO of the company at the next AGM, to be held on 26 April 2012. Current CEO Jan Aalberts will hand over the day-to-day operations of the company, and he will remain committed to the company as President. He will focus on matters that are outside the field of daily management.
After the change, the management team will consist of:
Wim Pelsma, CEO
John Eijgendaal, CFO
Jan Aalberts, President
CV Wim Pelsma:
Wim Pelsma (1963) has been with Aalberts Industries since 1999. He held various positions including general manager of VSH (Flow Control NL) from2000-2005, VP Flow Control North and Eastern Europe from 2005-2008, and COO and board member since September 2008. Before joining Aalberts Industries, he worked at various divisions of Stork Group, and (15,45 EUR, -0,26%) Electronics. He studied Technical Business Economics and obtained his MBA at the University of Twente.
Our view:
The upcoming promotion of mr. Pelsma was expected, although we had no clue re timing. He has great knowledge of the company, having been responsible for some of the larger units within Flow Control. In the past 12 months, we have noticed a more aggressive focus on internal business development, and we believe mr. Pelsma was one of the main drivers behind this. As such, we believe he is a worthy successor to mr. Aalberts. Mr. Aalberts willremain an active board member, focussing on matters outside the day-to-day operations, so e.g. M&A., so his knowledge and experience is not lost. He will hand over the day-to-day operations at a time that the company is stronger than ever before, which is reassuring amidst growing economic uncertainty.