Changes in Supervisory Board and publication of 2017 Annual Report

20-04-2018 Rotterdam

Composition of Supervisory Board
After twelve years as a member of the Supervisory Board, ten of them as chairperson, Mr C.J. (Carel) van den Driest has stepped down from the Supervisory Board. We would like to thank Mr Van den Driest for his dedication and achievements for our company.

Mr N.W. (Niek) Hoek, a current member of the Supervisory Board, will take over the position of chairperson. Mr Hoek is a member of the Supervisory Board since 2016. He has worked, among other things, in the oil and gas industry (Shell) and financial services (Delta Lloyd).

During the meeting, R. (Rob) Kretzers was also appointed as a new member of the Supervisory Board for a term of four years. Mr. Kretzers has knowledge of the offshore industry and execution of major projects. He has worked for Shell for more than 30 years.

The composition of the Supervisory Board is now as follows: N.W. (Niek) Hoek, Chair, and members K. (Kommer) Damen, Jac.G. (Koos) van Oord, J.M.J.A.P. (Jean-Marie) Laurent Josi, J.M.M. (Hans) van der Ven and R. (Rob) Kretzers.

2017 Annual Report
In 2017, Van Oord recorded EUR 1.53 billion in revenue with a net profit of EUR 78 million. The Annual Financial Statements were adopted and, following a proposal from the Executive Board and the Supervisory Board, the General Meeting of Shareholders adopted a resolution to distribute a dividend of EUR 34 million. The shareholders granted discharge of liability to the Executive Board and Supervisory Board for the management and supervision conducted in the 2017 financial year.

The 2017 Annual Report is available on our website and in the Van Oord app (App Store and Google Play).