Supervisory directors B&S Group Fired and Stepped Down

Jan Arie van Barneveld had been chair of the supervisory board of B&S Group since 2018. The resolution to remove him from his position was the only item on the agenda. The extraordinary meeting of shareholders had been requested by major shareholder Sarabel, the investment vehicle of founder and supervisory director Willem Blijdorp, which holds 67% of B&S shares. This was related to a conflict that arose after Sarabel made an offer that the two independent supervisory directors, Van Barneveld and Koelemeijer, assessed as not fair.

Kitty Koelemeijer, a member of the supervisory board of B&S Group since 2018, had already announced on 17 October that she would resign if Van Barneveld were fired. Her resignation took effect immediately.