9 December 2020

Neways to appoint Steven Soederhuizen as new COO

Neways Electronics International N.V. (Euronext: NEWAY) (“Neways”) today announces that its Supervisory Board intends to appoint Steven Soederhuizen (50) as the company’s new Chief Operating Officer (COO) and member of the Board of Directors. He is the proposed successor to Adrie van Bragt who, as previously announced, will step down from the board as per 31 December 2020. Steven Soederhuizen will start as interim COO on 1 January 2021.

Henk Scheepers, chairman of the Supervisory Board: “The Supervisory Board is pleased with the intended appointment of Steven Soederhuizen. Steven has more than 25 years’ experience working for internationally operating engineering companies. His leadership style is marked by a client-centric approach, talent development and a focus on operational efficiency. Steven is extremely well versed in the Dutch high-tech sector and his target-oriented approach and passion for technology became clear in our interviews.”

Steven Soederhuizen (Dutch nationality) holds a Master of Science degree in Mechanical Engineering from the Technical University (TU) in Eindhoven. He has held senior management positions at Stork Industrial Components, VDL Industrial Modules, Fokker Aero Structures and GKN Aerospace. Steven has many years of experience in the supervision of transformation processes and since 2016 he has been responsible for the integration of Fokker Aero Structures in GKN Aerospace, for the past year in the position of Chief Transformation Officer at GKN Aerospace.

Steven Soederhuizen’s remuneration is in line with the Neways remuneration policy and will consist of a base salary, combined with long and short-term incentive plans related to the extent to which he achieves his objectives.
Neways will formally inform its shareholders about the intended appointment at its Annual General Meeting of Shareholders to be held on 19 April 2021. Following consultation with the AGM, the Supervisory Board intends to officially appoint Steven Soederhuizen as a statutory member of the Board of Directors in the role of COO. The Neways Board of Directors will from that moment consist of CEO Eric Stodel, CFO Paul de Koning and COO Steven Soederhuizen.