Van Hool wants to accelerate recovery with co-CEO

Van Hool, a leading independent manufacturer of buses, coaches, and industrial vehicles, has announced the appointment of Marc Zwaaneveld as co-CEO. Alongside current CEO Filip Van Hool, Zwaaneveld will assume responsibility for the daily management of the Van Hool group.

The COVID-19 pandemic has significantly impacted the sectors and markets in which Van Hool operates, particularly with a sharp decline in demand for coaches. In addition, macroeconomic and geopolitical uncertainties have disrupted the supply of materials and led to high inflation. These external factors have had a major impact on the financial results of the Van Hool group. However, there is positive news of an initial recovery in volumes and order book, and it is crucial to accelerate and intensify this recovery process.

With the appointment of Marc Zwaaneveld, Filip Van Hool will be able to focus more on managing the day-to-day activities of the company, while Zwaaneveld will concentrate on driving the process of accelerating and intensifying the recovery. Zwaaneveld brings extensive experience in managing companies that require an extra boost.

Marc Zwaaneveld will remain in his role until the recovery plan is sufficiently secured, indicating the commitment of Van Hool to ensure a successful turnaround.

Headquartered in Koningshooikt, Belgium, Van Hool was founded in 1947. The company primarily serves the European and North American markets, with the majority of its production focused on these regions. With over 3,500 employees worldwide, Van Hool operates production sites in Koningshooikt (Belgium) and Skopje (North Macedonia).

For more information visit www.vanhool.com/en

25th January 2024