Q-Park Founder and CEO to Resign [Travel & Leisure Close - Up]
(Travel & Leisure Close - Up Via Acquire Media NewsEdge) After 15 years, Q-Park announced that Ward Vleugels intends to leave Q-Park NV mid 2014.
Ward Vleugels, CEO and chair of the Q-Park NV Executive Board, has indicated that he will step down after the AGM to be held in May 2014. The supervisory board respects this decision.
According to a release, Q-Park NV will be entering a new phase now that the shareholders have approved an internal split of Q-Park NV into an investment property and operational division. A new phase in the company's development also calls for a new executive. By making his intentions clear, Vleugels is creating space for his successor to guide Q-Park to new heights.
Ward Vleugels said, "I have thought long and hard about this decision, but as founder and CEO of Q-Park NV, originally a hybrid investment property and operating company, I don't consider myself the right person to lead the internal partition. As shareholder and Executive Board chair, I want to avoid any ambiguities and questions that may arise when evaluating the different interests of the investment property and operational divisions."
Peter Elverding, Supervisory Board chair, said, "During the past 15 years Ward Vleugels has built up a unique and magnificent company which belongs to the top echelon of European parking companies. For this, the company is greatly indebted to him. This timely announcement of his intention means we have ample opportunity to find an excellent successor who can lead Q-Park in this new and interesting phase."
Q-Park is a provider of parking facilities in Europe.
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