Fugro Ex-CEO Leaves Board

Fugro’s member of the Supervisory Board, Gert-Jan Kramer, has decided to step down from his position with immediate effect.

Gert-Jan J. Kramer, MSc. served as Chief Executive Officer, President and Member of the Board of Management of Fugro N.V. until December 31, 2005.

Kramer has informed the company that it is a personal decision.

He said: “Any debate about the combination of being a shareholder and member of the Supervisory Board of the company is neither in the interest of Fugro or myself. Therefore I have decided to step down from the Supervisory Board. I wish management, the staff and the company strength and success with the implementation of the recently announced plans and hope that, just as in the previous four down-turns that I experienced, a fast recovery can be achieved.”

The chairman of the Supervisory Board, Harrie Noy, added: “We respect Mr. Kramer’s personal decision. The Supervisory Board is very appreciative of his long-term commitment to the company, both as CEO (between 1983 and 2005) and as Supervisory Board member since 2006. Fugro has benefited substantially from his entrepreneurship, insights and extensive experience.”

Press Release