The Netherlands: R. Malizia Resigns from Ballast Nedam’s Board of Management

In view of a difference of opinion regarding policy, and having consulted the Supervisory Board, Mr R. Malizia (56) has decided to resign with immediate effect as a member of the Board of Management of Ballast Nedam.

Mr Malizia has held various positions at Ballast Nedam for some considerable time, and for the last six years he has been a member of the Board of Management. He has played an important role in the professionalization and positioning of the company. Mr Malizia will receive a maximum severance payment in compliance with the Corporate Governance Code.

Mr Malizia’s duties will be shared between T.A.C.M. Bruijninckx (CEO) and P. van Zwieten (CFO), who as of March 6 will jointly form the Board of Management.

The Supervisory Board respects Mr Malizia’s decision, and thanks him for his contribution to the development of the company over many years.

[mappress]

Press release, March 7, 2013; Image: Ballast Nedam