15 Mar 2007
Enschede, Netherlands - Amtel-Vredestein N.V. has accepted resignations from its executive board by Rob Oudshoorn and Ton Tholens. Oudshoorn and Tholens - the CEO and CFO of Vredestein Banden BV, respectively - will instead intensify their focus on operations at Vredestein Banden. The company expects to announce new appointments to its Executive Board by the time of its Annual General Meeting of Shareholders in June.
Amtel-Vredestein said, "The resignations follow a planned implementation of a dual (or, «matrix») reporting structure at the company whereby current reporting lines within Vredestein Banden will remain unchanged and whereby key managers of Vredestein Banden will additionally report to the COO of the company, Sergei Bokhanov.
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Press release from Amtel-Vredestein
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