's-Hertogenbosch 28 March 2023 - Business & Cloud Integrator Ctac N.V. ('Ctac') (Euronext Amsterdam: CTAC) today announces that Pieter-Paul Saasen is resigning his position as CEO and stepping down as statutory director with immediate effect due to health reasons. This decision was taken in proper consultation with the Supervisory Board.

Mr Saasen was appointed as the new CFO in 2019 and appointed as CEO of Ctac in 2021. He then led the company through a successful transformation and in doing so laid a strong foundation for future growth.

Chairman of the Supervisory Board Harry Hendriks: "As Supervisory Board, we are deeply affected by this personal news. Under Pieter-Paul's leadership, Ctac made great strides in a short period of time. With boundless energy and drive, over the past few years he has worked successfully on the transformation of Ctac into a more client-centric organisation and the creation of a corporate culture that prioritises employees and their talent development. We wish Pieter-Paul and his loved ones all the courage and strength they will need in these uncertain times for them."

Pieter-Paul's CEO duties will be assumed for the time being by CFO Paul de Koning and interim CFO Wim Geraarts. With immediate effect, the Supervisory Board has appointed them as temporary directors. Mr De Koning has many years of experience in the technology sector, having held various senior management positions, including at NXP and Philips. From 2015 to 2022, he was CFO of Neways Electronics International. Mr Geraarts has served as interim CFO since 2021. During this period, he co-led the transformation process and built a thorough knowledge of the business. Prior to his appointment, he was CFO of IT distributor Copaco for more than 20 years.

On 2 March 2023, the Supervisory Board informed the upcoming Annual General Meeting of Shareholders about the intended appointment of Mr De Koning as a statutory member of the Board of Directors in the role of CFO. After the Annual General Meeting of Shareholders has been consulted on this matter, the Supervisory Board will make a final appointment decision.

The Supervisory Board starts the search for a successor to Mr Saasen.

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CTAC NV published this content on 28 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 March 2023 06:37:06 UTC.