NIEUWEGEIN, The Netherlands, March 6, 2013 /PRNewswire/ --
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 today 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.Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext. Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards specific product-market combinations with greater added value. Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.com SOURCE Ballast Nedam