The Supervisory Board appoints Frank De Moor (51) as CEO of Q-Park NV from 1 August 2014. Mr De Moor succeeds Mr Vleugels, who announced his intention to step in down this year in September 2013.
Frank De Moor has been chairman of the executive board at the listed Macintosh Retail Group since 2003, prior to which he worked for several international companies.
Peter Elverding, chairman of the Supervisory Board: “After a careful selection procedure we are delighted to announce we have reached an agreement with Mr Frank Karel De Moor and that he will take office on 1 August as CEO and chairman of the executive board at Q-Park. Thanks to Ward Vleugels' timely announcement of his resignation we have had ample opportunity to find a good successor who can lead Q-Park. The company is deeply indebted to Ward Vleugels; in the past 18 years he has built up a unique enterprise which belongs to the top of the European parking industry.”
Ward Vleugels: “I am leaving Q-Park NV with a heavy heart, but the company is well-funded and shows a positive operational result. With Frank De Moor as CEO I am sure that the company will make maximum use of future opportunities for growth. Q-Park has the right people in the right place, a sound quality philosophy and the best locations and therefore an excellent foundation for the coming years.”
Q-Park is one of the leading providers of parking facilities in Europe, whether wholly-owned, under management or in a hybrid business model. Q-Park is a recognised leader in quality in parking, has a portfolio of more than 5,800 parking facilities and 800,000 parking spaces and a strong market position in 10 North-West European countries: the Netherlands, Germany, Belgium, Great Britain, France, Ireland, Denmark, Sweden, Norway and Finland.