IM Ingram Micro Inc. (delisted)

• Management transition to next phase in Imtech's development
• Changes in Board of Management and Supervisory Board Royal Imtech N.V.

Royal Imtech N.V. ("Imtech") announces that Gerard van de Aast, CEO, has decided to retire from the Board of Management effective December 31, 2015. He will be succeeded by Paul van  Gelder, currently member of the management board.

Further Hans Turkesteen, CFO has decided that with the new financial and Governance, Risk and Compliance structures in place, he will consider other business opportunities in due course and will leave the company as of April 1, 2016, after publication of 2015 results.

In 2013 and 2014 the focus has been on compliance issues and financial restructuring. In 2015 focus is on restoring operational performance and the company expects to deliver positive operational EBITDA results in 2015. In 2016 and beyond focus will be on delivering healthy growth and further operational improvement. This development triggers a natural moment for transition of management in 2016.

Today's announcements are the result of a process by the Boards of Imtech in which continuity and future of the company and an orderly transition of leadership have been considered. The current Board of Management will deliver 2015 and a renewed team will be ready to take the helm in 2016.

Mr. Kees van Lede, retiring Chairman of the Supervisory Board: "We respect and accept the decision of Gerard and Hans. They are leading Imtech during an exceptional and intense time in the company's history and we value their accomplishments in stabilizing and strengthening the company enormously. Their early announcement ensures a thorough and smooth transition. We are pleased that with Paul van Gelder we can appoint the next generation of leadership from within the company. We welcome that Gerard is willing to continue his contribution to the company as a member of the Supervisory Board."

Paul van Gelder is member of the Board of Management Imtech since September 2013 and will be appointed as CEO effective January 1, 2016. He currently holds responsibility for the Marine and Traffic & Infra divisions and for Imtech Nordic and Spain. Prior to Imtech Paul van Gelder was CEO of Gasunie N.V.

The company aims to keep the Board of Management at four members. Next to Paul van Gelder and Felix Colsman a new CFO and new Board member will be appointed to achieve this.

Changes in Supervisory Board
As previously announced Mr. Kees van Lede, Chairman, will retire from the Supervisory Board of Royal Imtech N.V. at the Annual General Meeting of shareholders (AGM) on May 12, 2015.

Mr. Frans Cremers, vice-chairman of the Supervisory Board of Royal Imtech since 2013 has been elected  as Chairman of the Supervisory Board effective May 12, 2015.

Mr. Ben van der Veer, member of the Supervisory Board of Royal Imtech since 2013 has been elected as Vice-Chairman of the Supervisory Board effective May 12, 2015.

Mrs. Christine Wolff is nominated as member of the Supervisory Board of Royal Imtech effective May 12, 2015.

Mr. van de Aast will, subject to shareholders' approval, join the Supervisory Board of Royal Imtech N.V. as of the AGM to be held in May 2016.

Mr. Frans Cremers, new Chairman of the Supervisory Board: "Imtech and its stakeholders would like to sincerely thank Kees van Lede for his leadership as Chairman during a crucial period for Imtech and its stakeholders. Kees has played a critical role in securing a future for Imtech.

More information

Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of electrical solutions, automation and mechanical solutions. With approximately 22,000 employees, Imtech holds attractive positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland and Spain, the European market of Traffic as well as in the global marine market. Imtech offers integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society - for example, in the areas of energy, the environment, water and traffic. Imtech shares are listed on Euronext Amsterdam.

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