Jacques van den Broek to succeed Ben Noteboom as CEO
The Supervisory Board of Randstad Holding nv, announced today that Ben Noteboom will step down from the Executive Board on February 28, 2014. As from that date, Jacques van den Broek will succeed Ben Noteboom as CEO and Chairman of the Executive Board. Chris Heutink is nominated for appointment as member of the Executive Board.
Ben Noteboom
Ben Noteboom (age 55) joined Randstad in 1993. He held a series of senior management positions with Randstad and he started Inhouse Services before he joined the Executive Board in 2001. Ben was appointed interim-CEO in September 2002, before he was appointed CEO and Chairman of the Executive Board in March 2003. During Ben's leadership revenue grew from € 5 billion to € 17 billion, while profitability rose from € 100 million to € 578 million. Randstad became the second-largest HR services provider globally. Ben successfully grew Randstad by focusing on its strategic building blocks. He led the expansion of Randstad in North America, France, Japan, emerging markets and Professionals by organic growth and a series of acquisitions, such as Vedior, SFN Group and FujiStaff, and he successfully managed Randstad through various economic cycles. Randstad is now entering a new phase of growth with a strong financial position, which offers a good opportunity to carefully manage the transition to a new CEO. Moreover, Jacques van den Broek has been a member of the Executive Board since 2004, and for these reasons Randstad envisages a smooth and orderly transition process as of January 1, 2014.
Ben has an outstanding track record within Randstad and after 11 years as CEO we owe him thanks for his exemplary performance through some very challenging times. He leaves Randstad behind, which is in excellent shape both operationally and financially, and I want to thank Ben for his commitment and dedication to the company. I wish him all the best in his future endeavors.
Randstad favors long careers and has successfully managed to constantly develop and promote management from within. Recent appointments of Linda Galipeau and François Béharel are good examples of this philosophy. We are fortunate that we can appoint Jacques van den Broek as the new CEO and I am confident of a smooth and orderly transition.
Jacques van den Broek
Following graduation in law, Jacques van den Broek (age 53, Dutch) joined Randstad in 1988 as branch manager. Appointments followed as Regional Director in the Netherlands and, subsequently, Marketing Director Europe. In 2002, he moved to Capac Inhouse Services as Managing Director, also taking on responsibility for Randstad in Denmark and Switzerland. Jacques van den Broek joined the Executive Board in 2004, and is currently responsible for the UK & the Middle East, Belgium & Luxembourg, Germany, Italy, Switzerland, Yacht and Global Client Solutions. The appointment as CEO will be for an initial 4-year term.
Jacques' track record within Randstad and as member of the Executive Board has been impressive and he was instrumental to the improvement of Randstad's performance since 2004. He led the growth of our Global Client Solutions offering and managed various integrations, such as Vedior France. We wish Jacques all the best in preparing for his new position and look forward to building on the strong foundation.
Chris Heutink
The Supervisory Board also nominates Chris Heutink (age 51, Dutch) as member of the Executive Board for an initial 4-year term. The appointment is subject to the approval by shareholders at the upcoming Annual General Meeting of Shareholders on April 3, 2014. Chris Heutink joined Randstad as a consultant in The Netherlands in 1990, followed by various management positions until 2004. He subsequently moved to Warsaw, where he held the position of Managing Director Randstad Poland. Chris led the integration of Jobnet and Intersource / Tempservice into Randstad Poland as largest HR services company in Poland. After moving back to The Netherlands in 2007, he became Director Operations and was appointed General Manager of Randstad The Netherlands in 2009. Since 2012, Chris has been a member of the Advisory Board.
It is an honor to lead a company with such strong core values, with such great and dedicated people with whom we have created a world leader in our field. I take pride in saying that we are now in excellent shape to hand over the leadership to Jacques, in whom I have the fullest confidence. I also want to congratulate Chris on his nomination as member of our Executive Board. There is a strong team in place and all the ingredients are there to build an even stronger Randstad in the future.
Other information
The respective arrangements are in line with our remuneration policy and the Dutch Corporate Governance Code. Today at 10:00 CET, Randstad hosts its analyst conference call to discuss the Q3 results. Ben Noteboom will give a brief statement at the start of the call.
Please see PDF for the biographies of Ben Noteboom, Jacques van den Broek and Chris Heutink.
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about randstad
Randstad is a global talent leader with the vision to be the world’s most equitable and specialized talent company. As a partner for talent and through our four specializations - Operational, Professional, Digital and Enterprise - we provide clients with the high-quality, diverse and agile workforces that they need to succeed in a talent scarce world. We help people secure meaningful roles, develop relevant skills and find purpose and belonging in their workplace. Through the value we create, we are committed to a better and more sustainable future for all. Headquartered in the Netherlands, Randstad operates in 39 markets and has approximately 40,000 employees. In 2023, we supported 2 million talent to find work and generated a revenue of €25.4 billion. Randstad N.V. is listed on the Euronext Amsterdam. For more information, see www.randstad.com.
for more information
Elise Martin-Davies
+31 (0)6 1322 5136
press@randstad.com