TIE appoints new CFO

TIE Kinetix N.V. (“TIE”) announces that Mr. Michiel Wolfswinkel is appointed as the new CFO and will be nominated to join the Executive Board of TIE. 

The Board of TIE is pleased to announce that Mr. Michiel Wolfswinkel is nominated as the new CFO of TIE. Subject to approval of the shareholders’ meeting regarding the appointment as executive board member and employment conditions, the Board of TIE will be extended next to Mr. Jan Sundelin by the appointment of Mr. Michiel Wolfswinkel. The new CFO will start as of August 19, 2013.

Mr. Michiel Wolfswinkel (1963) holds a PhD in Corporate Finance and is former Executive Board member and CFO of Qurius NV. He has over 20 years of experience in financial management, among which at Matrix One and Eneco. Mr. Michiel Wolfswinkel has extensive knowledge about USGAAP, IFRS, and has experience with capital markets and investor relations, financial manag ement and (KPI) reporting and managing mergers and acquisitions.

Mr. Jan Sundelin (CEO of TIE) said: “The enhancement of the Board has always been a long held wish. From a governance point of view, we are making a big step forward. I am convinced that Mr. Michiel Wolfswinkel will make a difference as an executive in financial management and will play a key role next to me in managing our business and executing our strategy.”

Mr. Michiel Wolfswinkel said: “I am delighted to be joining TIE. Given the products and services TIE offers in the marketplace, the Board is convinced that sooner than later this will result in creation of shareholders’ value that is expected from a company like TIE. I am very proud to have the opportunity to be part of TIE in its next phase of development.”

For further information, please contact us via +31 88 369 8000 or bob.out@tiekinetix.com.