Umicore announces CEO succession
May 15 2024 - 2:15PM
Umicore announces CEO succession
Umicore announces CEO
succession
Umicore announces the appointment of Bart Sap as
Chief Executive Officer, effective May 16th. He will
succeed Mathias Miedreich who has decided to step down, in mutual
agreement with the Supervisory Board.
Bart Sap joined Umicore in 2004 and has been the
Executive Vice President Catalysis since March 2021. His nomination
is in line with the company's established succession plan. Mathias
Miedreich will remain available for advice to Umicore during the
next several months. In light of slower demand growth for EV
battery materials affecting the entire industry, one of Bart Sap's
main priorities will be to assess the development plans for the
Umicore Battery Materials business, including capex. The first
outcomes of this review will be shared during the half-year results
announcement on July 26th, 2024.
Thomas Leysen, Chair of the Supervisory Board
commented: "With Bart, we have a new CEO with deep experience of
Umicore's different businesses and with a track record of success.
In recent years he steered the Catalysis Business Group to record
results and returns on capital employed combined with a remarkable
cash flow generation, and this in a challenging market context. As
a leader, he has fostered an inclusive culture and with particular
attention to safety performance. The Supervisory Board is confident
he is the right leader for Umicore in the next phase of its
development.”
He added: "Mathias has been a forceful and
energetic leader dedicated to the development and growth of
Umicore. He led Umicore through challenging times, marked by
the pandemic and by great geo-political and macro-economic
volatility. With his deep industry knowledge, he brought many
valuable insights to Umicore. I would like to thank Mathias on
behalf of the Supervisory Board for his contribution to Umicore
and wish him every success in the future."
Bart Sap was appointed Executive Vice-President
Catalysis on March 1st, 2021. He joined Umicore in 2004 as
controller for Cobalt & Specialty Materials and, after
successive assignments in Korea and Belgium covering finance,
supply and refining of battery raw materials, business development
and operations, he became Senior Vice-President for Cobalt &
Specialty Materials and Supply at the beginning of 2020. Bart holds
a Master’s Degree in Commercial Science from Vlekho in Brussels,
Belgium, with majors in Accountancy and Taxation.
About Umicore
Umicore is a circular materials technology
company that focuses on application areas where its expertise in
materials science, chemistry and metallurgy makes a real
difference. Its activities are organized into four Business Groups:
Battery Materials, Catalysis, Recycling and Specialty Materials.
Each Business Group is divided into market-focused business units
offering materials and solutions at the cutting edge of new
technological developments and essential to everyday life.
Umicore generates most of its revenues from and
dedicates most of its R&D efforts to clean mobility materials
and recycling. Umicore’s overriding goal of sustainable value
creation is based on an ambition to develop, produce and recycle
materials in a way that fulfills its mission: Materials for a
better life. Umicore’s industrial and
commercial operations as well as its R&D activities are spread
across the world to best serve its international customer base with
more than 11,500 employees. The Group generated revenues (excluding
metal) of € 3.9 billion (turnover of € 18.3 billion) in
2023.
For more information Umicore
Investor Relations
Caroline
Kerremans |
+32 2 227 72 21 |
caroline.kerremans@umicore.com |
Eva Behaeghe |
+32 2 227 70 68 |
eva.behaeghe@umicore.com |
Benoît
Mathieu |
+32 2 227 73 72 |
benoit.mathieu@umicore.com |
Adrien
Raicher |
+32 2 227 74 34 |
adrien.raicher@umicore.com |
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Media Relations
Marjolein
Scheers |
+32 2 227 71 47 |
marjolein.scheers@umicore.com |
Caroline
Jacobs |
+32 2 227 71 29 |
caroline.jacobs@eu.umicore.com |