Vroon’s managing director has decided to step down from his position just days after the company reached an agreement with its lenders regarding the terms of its financial restructuring.
After long deliberation and now that the agreement has been reached with lenders in respect of the main terms of the financial-restructuring plans of Vroon Group, Coco Vroon has decided to step down as managing director of the company, the Dutch shipping company informed in a statement on Monday.
Coco Vroon will leave his position at the end of April but will remain closely involved with the company.
The company noted that, as a shareholder, the new phase being entered by the company affords him the opportunity to devote more time to the long-term development of the company.
Herman Marks, who has worked with the company for many years, latterly in the role of CFO, will assume Coco Vroon’s role. As CEO, Marks will lead the restructuring process.
Jan-Piet Baars and Rob Grool will remain in their positions as Commercial Director and Director Fleet Management, respectively. A new CFO will be sought to complete the Board of Directors.
Coco Vroon commented: “I am happy we have reached the next phase in the restructuring process of this fantastic company. Shipping markets are improving after a very tough period, although there is still a lot of work to be done. I am certain I am leaving the group in excellent hands.”
Con Schoenmakers, Chairman of the Vroon Group Supervisory Board: “As Supervisory Board we are grateful for Coco’s contributions to the development of the company during his many years as CEO. We respect his decision to devote more attention to his role as shareholder during this new phase. The board wishes Herman and his team much success in leading the organization to a healthy long-term future.”