Chief executive Rob van Wingerden will receive a year鈥檚 basic salary when he goes in April
Dutch contracting giant Royal Bam has announced Rob van Wingerden will be stepping down as the group鈥檚 chief executive in April.
Van Wingerden (pictured) had been with Bam since 1988 and a member of the group鈥檚 executive board for the past 12 years.
He had been chief executive for more than five years and had led Bam鈥檚 efforts to get the business back into the black after a series of losses in the mid-2010s.
Bam said van Wingerden will relinquish his role after the group鈥檚 annual general meeting in April.
The outgoing chief executive will receive a severance payment of a year鈥檚 basic salary as part of his contract. In 2018 van Wingerden鈥檚 total remuneration package was more than 鈧�1.5m (拢1.25m), including 鈧�686,000 (拢569,000) basic salary.
Until a successor is appointed Bam鈥檚 chief financial officer Frans de Houter will assume the role on an interim basis.
In 2018 Bam posted group pre-tax profit of 鈧�115m (拢95m) on turnover of 鈧�7.2bn (拢6bn).
The group, which owns Bam Construct and civils contractor Bam Nuttall in the UK, announces its annual results for the year to 31 December 2019 this Friday.
Meanwhile, Bam鈥檚 construction arm in Scotland this week started work on a new 拢19m health centre in Clydebank.
The three-storey building is expected to be completed in the autumn of 2021.
The business is also working on Scotland鈥檚 largest health centre in Parkhead, Glasgow, and a 拢19m health centre in Greenock.
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