Bekaert announces CEO succession
28 Juli 2023 - 7:30AM
Bekaert announces CEO succession
Bekaert announces CEO succession
Oswald Schmid, Chief Executive Officer and member of the Board
of Directors of Bekaert, will retire on 31 August 2023 after having
led the company successfully over the past three years. He also
will step down as Director on the same date.
The Board of Directors of Bekaert has appointed Yves Kerstens as
Chief Executive Officer. Yves was already a member of the Bekaert
Group Executive and was Divisional CEO of Bekaert’s Specialty
Businesses. The appointment takes effect on 1 September 2023. The
Board of Directors will coopt Yves Kerstens as Director until the
Annual General Meeting of Shareholders to be held in May 2024.
Jürgen Tinggren, Chairman of the Board of Directors, commented:
“On behalf of the Board and the entire Bekaert team, I extend our
sincere gratitude to Oswald for his dedication, leadership, and
contributions during a very challenging period. We wish him the
very best on his well-deserved retirement. Today's leadership
transition is the culmination of a well-prepared succession
planning process. I am proud to announce the appointment of Yves
Kerstens as CEO of Bekaert. The Board is convinced that Yves is the
right person at the helm of the company. His leadership
capabilities as Divisional CEO and Chief Operations Officer have
been critically important in recent years and will be a key enabler
to achieve Bekaert’s high ambitions for the future.”
Oswald Schmid added: "It has been a privilege and an honor to
lead Bekaert over the past years and reposition the company as a
technology leader driving the energy shift, new mobility, and
low-carbon construction solutions provider. I am confident that
Yves Kerstens will further build on this and make Bekaert even
stronger in the future, so that it can truly establish the new
possible. I am extremely proud of our employees around the world
and will miss their enthusiasm and unwavering commitment."
Yves Kerstens stated: “I am honored to take up the role as CEO
of Bekaert. It’s a responsibility I aim to take on with a passion
for what Bekaert can achieve, as well as for the Bekaert culture
that I believe is one of our important differentiators. I am
looking forward to continuing to work with the Board, the BGE
leadership team and all colleagues around the world, to position
Bekaert for the future and create value for all our
stakeholders.”
- p230728E - Bekaert announces CEO succession
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