TRADING UPDATE - RoodMicrotec Nominates Supervisory Board of the Next Generation on 30 Years Business Anniversary

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Zwolle - November 14th 2016 The supervisory board of RoodMicrotec, the Dutch semiconductor supplier of advanced microchips, is to nominate Herman Bartelink and Jeroen Tuik as its members on November 23rd. Company veteran and previous CEO Philip ...

Zwolle - November 14th 2016

The supervisory board of RoodMicrotec, the Dutch semiconductor supplier of advanced microchips, is to nominate Herman Bartelink and Jeroen Tuik as its members on November 23rd. Company veteran and previous CEO Philip Nijenhuis will step down as member of the supervisory board. On this occasion the company also celebrates 30 years of business by opening the Amsterdam stock exchange with the ringing of the gong. The nomination of Bartelink and Tuik will be submitted for approval at an extraordinary shareholders meeting in January 2017.

Philip Nijenhuis said: "RoodMicrotec is preparing itself for a new phase of further growth, and Herman and Jeroen build on this as they succeed me. Now that RoodMicrotec turns 30, it is a good moment to handover to the next generation."

Both candidates have a background in industrial and electronic engineering. Herman Bartelink (1969) has held senior positions as financial director and controller and is currently Managing Director for the Netherlands at Benchmark Electronics, an American electronics manufacturing company. Jeroen Tuik (1973), who has held various leadership positions, is presently CEO at Connect Group, a certified supplier of technology, production systems, printed circuit boards and cable assembly services to Europe's industrial markets.

The nomination comes at a time that RoodMicrotec maintains a strong and stable book-to-bill ratio above 1.1, new orders are coming in, and the previously announced orders are entering the industrialisation phase. The company will hold an investors' meeting on the 23rd at 15:45 to celebrate the anniversary of the business.

RoodMicrotec CEO Martin Sallenhag said: "It is symbolic that at this 30-year milestone, many projects are entering the industrialisation phase. This will generate new revenue for the company and create a return on our investments. The financial and leadership experience of Herman Bartelink and Jeroen Tuik will strengthen this momentum even further."

Philip Nijenhuis, who has been with the company for twelve years, has recovered successfully from his health problems. He will remain an advisor to the company.

Vic Tee, Chairman of the Supervisory Board said: "Philip has been instrumental in transforming RoodMicrotec from a pure test house to a supplier of full technology solutions. With Herman and Jeroen on board we expect to continue this work".

Financial agenda

10 January 2017 Publication (preliminary) annual sales figures 2016
9 March 2017 Publication (preliminary) annual figures 2016
9 March 2017 Conference call for press and analysts
27 April 2017 Publication annual report 2016
8 June 2017 Annual general meeting of shareholders
9 June 2017 Annual bondholders meeting
6 July 2017 Publication sales figures first half 2017
24 August 2017 Publication interim report 2017
24 August 2017 Conference call for press and analysts

 ENDS

 About RoodMicrotec

With more than 45 years' experience as an independent value-added service provider in the area of micro and optoelectronics, RoodMicrotec offers Fabless Companies, OEMs and other companies a one-stop shop proposition. With its powerful solutions RoodMicrotec has built up a strong position in Europe.
Our services comply with the industrial and quality requirements of the high reliability/space, automotive, telecommunications, medical, industrial and electronics sectors.

Certified by RoodMicrotec concerns inter alia certification of products to the stringent ISO/TS 16949 standard that applies to suppliers to the automotive industry. The company also has an accredited laboratory for test activities and qualification to the ISO/IEC 17025 standard.

Its value-added services include (eXtended) supply chain management and total manufacturing solutions with partners, failure & technology analysis, qualification & burn-in, test & product engineering, production test (including device programming and end-of-line service), ESD/ESDFOS assessment & training and quality & reliability consulting.

RoodMicrotec has branches in Germany (Dresden, Nördlingen, Stuttgart), United Kingdom (Bath) and the Netherlands (Zwolle).

For more information visit http://www.roodmicrotec.com

Further information

Martin Sallenhag CEO; Reinhard Pusch COO; Vic Tee chairman of the Supervisory Board; Philip Nijenhuis member of Supervisory Board; Arvid Ladega CFO.

Telephone: +31 38 4215216
Postal address:
RoodMicrotec N.V., PO Box 1042, 8001 BA Zwolle

Email: investor-relations@roodmicrotec.com  Web: www.roodmicrotec.com  

This press release is published in English, Dutch and German. In case of conflict between these versions the English version shall prevail.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: RoodMicrotec N.V. via Globenewswire

Source(s) : RoodMicrotec N.V.

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