TOM2 TomTom NV

TomTom Announces Changes to its Supervisory Board

TomTom today announced changes to its Supervisory Board, which will be proposed for adoption by the General Meeting on 24 April 2017.

At the upcoming annual general meeting, Doug Dunn and Ben van der Veer will retire from the Supervisory Board. Peter Wakkie has been nominated by the Supervisory Board for re-appointment for a new term of two years. Furthermore, Anita Elberse has decided to step down as a member of the Supervisory Board after the annual general meeting. Her new leadership position at the Harvard Business School does not allow her to combine these duties with a seat on the Supervisory Board of TomTom.

The Supervisory Board nominated Michael Rhodin for appointment by the General Meeting as new member of the Supervisory Board for a term of four years.

Michael Rhodin is currently an IBM Senior Vice President responsible for business development on IBM's Watson platform. He is also a member of the International Advisory Board of Santander. Michael has served as an officer of IBM for over seven years, and has held several senior management positions throughout his 33-year career with IBM.

“The Supervisory Board is sincerely grateful to Anita, Doug and Ben for their valuable contributions to the company. For twelve and nine years respectively Doug and Ben have brought dedication and constructive support to the Supervisory Board,” said Peter Wakkie, Chairman of the Supervisory Board at TomTom. “We are excited to welcome Michael Rhodin. He will bring extensive technology experience and competency to our Supervisory Board and the company. His nomination fits with TomTom’s positioning as a leading technology company.”

Harold Goddijn, CEO of TomTom: “We are looking forward to Michael’s appointment and his contribution to TomTom. He has a strong track record in the technology sector and we are excited that he is committing to our company.” Harold continued: “On behalf of the Management Board, I would like to thank Anita, Doug and Ben for their efforts and valuable counsel during their time with the company. My sincere appreciation goes out to Doug and Ben for their long term commitment.”

Upon the adoption of the proposed (re-)appointments by the General Meeting, the Supervisory Board will consist of Peter Wakkie (Chairman), Jacqueline Tammenoms Bakker (Deputy Chairman), Jack de Kreij and Michael Rhodin. Their profiles can be found on our corporate website.

About TomTom

TomTom empowers movement. Every day millions of people around the world depend on TomTom to make smarter decisions. We design and develop innovative products that make it easy for people to keep moving towards their goals. Our map-based components include map content, online map-based services, real-time traffic and navigation software. Our consumer products include PNDs, navigation apps and sports watches. Our main business products are custom in-dash navigation systems and a fleet management system, which is offered to fleet owners as an online service with integrated in-vehicle cellular devices. Our business consists of four customer facing business units: Automotive, Licensing, Telematics and Consumer.

Founded in 1991 and headquartered in Amsterdam, we have more than 4,700 employees worldwide. For further information, please visit www.tomtom.com

EN
08/02/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on TomTom NV

TomTom N.V.: 1 director

A director at TomTom N.V. bought 16,224 shares at 5.130EUR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...

 PRESS RELEASE

TomTom maps to support Qualcomm Aware Platform

TomTom maps to support Qualcomm Aware Platform Qualcomm to utilize TomTom’s global map data to assist in providing efficient, secure, and comprehensive asset tracking solutions worldwide.Combining Qualcomm’s broad array of connected devices and TomTom’s mapmaking expertise provides a fully integrated, flexible platform to meet various asset visibility needs and address the most challenging use cases across industries. AMSTERDAM, April 30, 2024 (GLOBE NEWSWIRE) -- TomTom () the location technology specialist today announced it has been selected by a global leader in wireless technology...

Marc Hesselink ... (+3)
  • Marc Hesselink
  • CFA
  • Thymen Rundberg

TomTom/Binary outcome/HOLD

We see a binary outcome for the TomTom investment case. The company highlights commercial traction with the new Orbis map platform but we did not see tangible proof of this yet. Given the high fixed cost base and consequently high operational leverage this commercial traction is key and is the difference between low growth or high growth and cash generation. We remain in the middle but believe that the current 2025 ambition is too demanding. We reiterate our HOLD and cut our target price to €6.0...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: 1Q24 Results; weak orders but case intact. CM.com: Reasonable 1Q24 trading update, positive EBITDA surprise. Just Eat Takeaway.com: 1Q24 trading update - slowly creeping back to order growth. Staffing: Dutch period 3 - March volume and revenue seeing slight recovery in the trend. TomTom: 1Q24 results - touch weaker but no major surprises

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

ASML: Preview 1Q24 – Building momentum. Fastned: Preview 1Q24 trading update. TomTom: Preview 1Q24, limited changes vs FY23. Xior Student Housing: Final formal step for the Basecamp deal

ResearchPool Subscriptions

Get the most out of your insights

Get in touch