The suspension is based on the functioning and behaviour of Mr Schnoebelen as a member of the Executive Board, as well as on his lack of support to the review of Grontmij’s financial structure.
 
Attempts to arrive at a constructive solution have unfortunately failed and it has been determined that there is now an irreparable breach of confidence. The Supervisory Board regrets that it had to come to the decision to suspend Mr Schnoebelen.

The Extraordinary General Meeting of Shareholders is scheduled for 9 March 2012. The agenda for this meeting will include the proposed appointments of Michiel Jaski and Frits Vervoort as members of the Executive Board and the dismissal of Mr Schnoebelen. Following the approval of the EGM, the Executive Board will consist of Michiel Jaski (CEO), Frits Vervoort (CFO) and Gert Dral. The convocation will take place before the end of January and the full agenda, as well as any related documents, will be made generally available at that time.

As announced earlier, Grontmij is set to provide an update on the outcome of the review of its financial structure on 9 March 2012, at the publication of the 2011 annual results.

< Ends >

Note to editors

Grontmij is the third largest engineering consultancy in Europe with nearly 10,000 professionals and almost 300 offices across the region and a further 50 offices globally. At the heart of our business is the sustainability by design principle. It is a leading value proposition for our customers delivered by four business lines: Planning & Design, Transportation & Mobility, Water & Energy, Monitoring & Testing.

Download the press releases
Grontmij N.V. suspends Jean-Luc Schnoebelen member of the Executive Board

Grontmij N.V. schorst Jean-Luc Schnoebelen als lid Raad van Bestuur