AALB Aalberts N.V.

Aalberts N.V.: Aalberts announces new Chief Executive Officer

Aalberts N.V.: Aalberts announces new Chief Executive Officer

Utrecht, 24 May 2023 



Aalberts N.V. announces that its Supervisory Board nominates Stéphane Simonetta to become Chief Executive Officer.

As a member of the Group Management, Stéphane Simonetta currently is CEO Industry Division of Danish-based Grundfos, after joining the company in 2015 as the Group COO. He is a French citizen, graduated in industrial engineering and computer science, has a broad international experience and a background in the manufacturing industry.

Stéphane Simonetta started working for Thomson Multimedia in several supply chain roles in 1996 in Asia, North America and Europe. In 2005 he joined Valeo where his last position was Group China Supply Chain and Production System Director. In 2012 he moved to Swiss-based Honeywell Transportation Systems where he held various executive positions and ultimately became Vice President Global Operations.

Peter van Bommel, Chairman

“The Supervisory Board is pleased to nominate Stéphane Simonetta to lead Aalberts in its next growth phase. He has a wealth of experience as a business leader in global companies and working in the manufacturing industry.

We are grateful for the tremendous contributions of Wim Pelsma. Under his leadership, Aalberts has undergone a considerable transformation and realised sustainable profitable growth over many years. The company is in excellent shape and very well positioned for the future.”

The appointment proposal will be put to the shareholders for their approval at the Extraordinary General Meeting (EGM) to be held on 7 September 2023. Subject to shareholder approval, Stéphane Simonetta will join the Management Board of Aalberts N.V. After approval, the Supervisory Board will appoint Stéphane Simonetta as Chief Executive Officer to take over responsibilities from Wim Pelsma, who will remain available as advisor until the end of 2023, to ensure a smooth transition.



contact

+31 (0)30 3079 301 (from 8:00 am CEST)



regulated information

This press release contains information that qualifies or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

Attachment



EN
24/05/2023

Underlying

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

Reports on Aalberts N.V.

Kristof Samoy ... (+2)
  • Kristof Samoy
  • Wim Hoste
Kristof Samoy
  • Kristof Samoy

Aalberts Macro outlook calls for reality check, 2026 recovery less pro...

We have revisited our scenario for Aalberts in light of persistent political instability in France and the continued publication of uninspiring leading indicators. With the company's substantial exposure to both the French and German markets, and its reliance on automotive and machine-building as key end markets, we have revised our 2026 organic growth forecast downward to 1.6%. We expect consensus to follow in the coming months. Despite the (historically) cheap valuation, we downgrade the stock...

ING Helpdesk
  • ING Helpdesk

Benelux Morning Notes

Aalberts: Preview - difficult YoY comp in Semi division. Arcadis: Returning to organic growth in 3Q25. Shell plc: A bit ahead of expectations. Vopak: No many changes in 3Q, solid story continues

Tijs Hollestelle
  • Tijs Hollestelle

Aalberts/Model update/BUY

Ahead of Aalberts 3Q25 trading update (due 23 October) we update our financial 2025-27F forecasts. Aalberts interim results arrived slightly below our estimates, and end market conditions in our view have not improved in 3Q25. We lower our FY25 adjusted EBITA margin estimate to 13.5%, now in line with Aalberts' recent outlook. Our FY26 forecasts now include the acquisition Grand Venture Technologies as we expect the take-over to finalise towards the end of this year (delisting date at or around ...

Wim Lewi
  • Wim Lewi

AEX from 25 to 30, place your bets Our candidates for the AEX expansio...

The AEX is set to expand from 25 to 30 constituents starting on 23rd September, announcement on 9th September after close. This marks a significant change since its last expansion in 1994. The new rule book was published on 22/08/25 and leaves some room for interpretation for companies that have another primary listing (WDP). We believe that WDP meets the requirement for “reference market”. The expansion will be based on Free Float Market Capitalization, with a buffer zone to manage transitions....

ResearchPool Subscriptions

Get the most out of your insights

Get in touch