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Netherlands – DPA Group shareholders approve CEO reappointment

17 May 2019

The shareholders of Dutch staffing firm DPA Group approved the reappointment of Eric Winter as member of the Executive Board in the position of CEO at its annual meeting.

The Supervisory Board previously submitted the reappointment of the CEO for a period of four years to the Works Council, which advised positively on the proposal.

"We are happy that Eric continues as CEO. He has played an important role in the transformation of DPA over the past eight years,” Ron Icke, Chairman of the Supervisory Board said. "We wish the Executive Board and the cluster directors every success in further shaping the long-term strategy of DPA and the intended value creation with a focus on returns."

The reappointment approval follows the publication of the group’s first quarter results yesterday.

DPA Group reported revenue for the first quarter ending 31 March 2019 of €36.7 million, an increase of 0.8% on an organic basis when compared to the previous year. On a reported basis, revenue was down by 7.8%. Revenue was hit by the sale, privatisation and termination of several business units including the sale of shares of engineering consulting firm DPA Cauberg-Huygen Holding.

Shareholders also agreed to the proposed dividend payment of €0.09 per share in cash. The registration date for dividend payment is 21 May 2019 and the date of payment of the dividend is 27 May 2019.