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Bert De Graeve to succeed Julien De Wilde as CEO of NV Bekaert SA

Published on 2005-12-29. Author : SpecialChem

The Board of Directors of NV Bekaert SA has decided that Bert De Graeve, currently Chief Financial and Administration Officer, will succeed Julien De Wilde, whose mandate as Chief Executive Officer will expire on 10 May 2006. On the same date, the Board of Directors will make a proposal to the General Meeting of Shareholders to appoint Bert De Graeve as Executive Director.

Bert De Graeve

Baron Buysse, Chairman of Bekaert, announced: "With Bert De Graeve as its future CEO, Bekaert has made a clear choice for continuity. His wealth of international experience and the obvious expertise he has demonstrated both previously and in his present function with Bekaert, guarantee the further expansion of our company and the creation of shareholder value."

Julien De Wilde: "Over the past few years, as Chief Executive Officer, I have managed, along with the Bekaert Group Executive, to successfully deploy our strategy of sustainable profitable growth. I am convinced that Bert, together with all the Bekaert colleagues worldwide, is well positioned to further strengthen the company's global position as a market and technological leader."

Bert De Graeve: "It is both a great honour and a great challenge for me to build on the success story that is Bekaert. Along with the Bekaert Group Executive and the joint efforts of all the Bekaert employees, I shall strive to offer our customers around the world the products and services that give them the edge in their markets."

Currently, Bert De Graeve is Chairman of the Flanders-China Chamber of Commerce in Belgium and of the 'Concertgebouw '(concert hall) in Bruges. He is also member of the Board of the Concours Reine Elisabeth.

Bert De Graeve is a lawyer from the University of Gent (1980). He also studied Financial Management at IPO (Antwerp) and became Master in Tax Management at VLEKHO (Brussels).

Profile

Bekaert seeks sustainable profitable growth based on its two core competences: advanced metal transformation and advanced materials and coatings.

Bekaert aims to consolidate its position as both market and technological leader around the world. With its broad range of high technological products, systems and services, Bekaert offers high added value for its customers.

Bekaert (Euronext Brussels: BEKB) is an European based company, headquartered in Belgium, employing 16 400 people. Bekaert, present in 120 countries, generates sales of € 2.7 billion.

Source: Bekaert


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