Report of the Supervisory Board on 2020

In addition to the impact of the corona virus and strategic development, the year 2020 for the Supervisory Board is mainly dominated by personnel changes. In our previous report it was announced that the Supervisory Board would be looking for a successor for Ger de Kwaasteniet (CEO), who indicated that he wanted to step down after more than 30 years of employment. We are delighted that Ditmar Koster joined the company on 1 September 2020 and has taken over the position of CEO in a formal sense as of 1 January 2021. In the first few months, Ditmar Koster worked on the side of Ger de Kwaasteniet and made an energetic start, among other things, with the further development of ROTO’s strategy.

The Supervisory Board would like to thank Ger de Kwaasteniet for his unbridled commitment to ROTO. He has helped ensure that ROTO is now known as a leading family business in the manufacturing industry. The supervisory directors are therefore pleased that Ger de Kwaasteniet has joined the Supervisory Board on 1 January 2021, which means that his knowledge and experience will be retained within the organisation. Ger de Kwaasteniet will take over from Tom de Boer, who stepped down from the Supervisory Board on 1 January 2021. The members of the Supervisory Board would also like to thank Tom de Boer for his enthusiastic role that he has played and will undoubtedly continue to fulfill as a shareholder. The Supervisory Board is also pleased to announce that Heleen Cocu-Wassink has joined the Supervisory Board on 1 January 2021. Heleen Cocu-Wassink has a background in Human Resources Management and Business Transformation. The Supervisory Board sees it as an important addition to the range of supervisory duties to be able to supervise and assist Roto B.V.’s management in the field of human resources policy and human recourses development.

The Supervisory Board will provisionally continue with four supervisory directors until 30 June 2021, after which Rik van Thiel will step down and transfer his position as chairman.

“ Current developments require dynamic monitoring and focus on strategy.

Fltr: Rik van Thiel, Heleen Cocu-Wassink, Ger de Kwaasteniet and Coert Zachariasse

In addition to the four regular meetings of the Supervisory Board, which were held digitally during the year, also some additional meetings took place. Strategic focus is a standard item on the regular agenda. In particular, the strategic focus of Roto B.V. and its Business Units were discussed in the extra meetings. Additionally, also special attention has been paid to safety in companies, HRM and digitalisation. The directors of Roto B.V. were also present at the additional Supervisory Board meetings. The Supervisory Board felt that these extra meetings were a valuable addition to the regular meetings.