• Press Release
  • October 27, 2016
  • Amsterdam, The Netherlands

Arcadis Announces Change in Leadership: Neil McArthur Leaves as CEO, Renier Vree Appointed Interim CEO

Amsterdam, 27 October 2016 - Arcadis (EURONEXT: ARCAD), Arcadis today announced that Neil McArthur, CEO since May 2012, is leaving the company by mutual agreement. Arcadis' Supervisory Board and Mr. McArthur agreed to a separation because of a difference of opinion on Arcadis' path moving forward. Consequently, the Supervisory Board will move to appoint a new CEO for the next stage of Arcadis' development. Renier Vree, currently Arcadis CFO, will serve as CEO on an interim basis with immediate effect.

"Neil McArthur has provided Arcadis with excellent leadership since he became CEO in 2012," said Niek Hoek, Chairman of the Arcadis Supervisory Board. "On behalf of the Supervisory Board, Executive Board and all of the Arcadis people, I want to thank Neil for his vision and leadership. Neil and the Supervisory Board have agreed that it is the right time for a new leader to take Arcadis forward. We will begin a search internally and externally for a new CEO. We are pleased that Renier Vree has accepted the interim CEO role. With Renier's knowledge and experience of Arcadis and its stakeholders, we are confident that he is best positioned to lead the company in the interim."

"I am proud of what we have achieved as a company over the past five years," said Neil McArthur. "Together, we have expanded our core business organically and through acquisitions, going from a EUR 2 billion 15,000 people organization in 2012, to a EUR 3.4 billion global multinational with 27,000 people under a single global brand, with a collaborative structure and culture. Now it's time for someone else to lead Arcadis through the next stage of our journey. I have no doubt that our people will continue to deliver exceptional and sustainable client solutions, and improve quality of life across the globe."

Arcadis will honour its contractual obligations with Mr. McArthur, which includes payment of a one-year base salary (EUR 630,000).


For further information please contact:

Arcadis Investor Relations
Jurgen Pullens
Telephone: +31 20 2011083
Mobile: +31 6 51599483
E-mail: jurgen.pullens@arcadis.com

Arcadis Group Communications
Jeremy Cohen
Mobile: +31 6 21639411
E-mail: jeremy.cohen@arcadis.com

About Arcadis
Arcadis is the leading global Design & Consultancy firm for natural and built assets. Applying our deep market sector insights and collective design, consultancy, engineering, project and management services we work in partnership with our clients to deliver exceptional and sustainable outcomes throughout the lifecycle of their natural and built assets. We are 27,000 people active in over 70 countries that generate €3.4 billion in revenues. We support UN-Habitat with knowledge and expertise to improve the quality of life in rapidly growing cities around the world.  www.arcadis.com

This press release contains information that qualifies, or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are forward looking statements.  These statements are only predictions and are not guarantees.  Actual events or the results of our operations could differ materially from those expressed or implied in the forward looking statements.  Forward looking statements are typically identified by the use of terms such as "may," "will," "should," "expect," "could," "intend," "plan," "anticipate," "estimate," "believe," "continue," "predict," "potential" or the negative of such terms and other comparable terminology. The forward looking statements are based upon our current expectations, plans, estimates, assumptions and beliefs that involve numerous risks and uncertainties.  Assumptions relating to the foregoing involve judgments with respect to, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond our control.  Although we believe that the expectations reflected in such forward looking statements are based on reasonable assumptions, our actual results and performance could differ materially from those set forth in the forward looking statements.

Jurgen Pullens

Director of Investor Relations +31 20 2011083 / +31 6 51599483 Ask me a question