CEO and Non-Executive B&S Group Step Down

CEO and Non-Executive B&S Group Step Down

20-02-2023 CEO Tako de Haan and Supervisory Board member and major shareholder Willem Blijdorp resign their positions at wholesale company B&S Group with immediate effect. In addition, the publication of the annual figures, scheduled for Monday, February 27, will be postponed to an as yet unknown date.

According to B&S, there are issues surrounding possible conflicts of interest that need to be investigated. It has emerged that management would be involved in "certain related party transactions." These are not in line with the wholesaler's policies and include required additional information for the financial statements, which are now being delayed as a result. According to B&S, there is no reason yet to believe that these issues will have a material impact on B&S's financial results or financial position. When the investigation is complete, the figures will still be published.

As the investigation is nearing completion, CEO Tako de Haan and vice-Chairman of the Supervisory Board Willem Blijdorp have decided, in the interest of the company, to resign their positions with immediate effect. Tako de Haan will be temporarily succeeded by Bas Schreuder, member of the Executive Board. Bert Tjeenk Willink, who was recently appointed as a member of the Supervisory Board, will temporarily become vice-Chairman and thus succeed Supervisory Board member Willem Blijdorp.

B&S Group's supervisory board had just returned to full strength, after Chair of the Supervisory Board Jan Arie van Barneveld was fired in December and Kitty Koelemeijer resigned.