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
Telephone: +31 20 2011083
Mobile: +31 6 51599483
Arcadis Group Communications
Mobile: +31 6 21639411
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
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