Nedschroef Group announces senior leadership changes

March 19, 2021

Nedschroef Group today announces that its Supervisory Board has appointed Paul Raedts as chief executive officer (“CEO”) and Arjan Verheij as chief financial officer (“CFO”), following resignation of Dr. Matthias Sckuhr, currently CEO, who steps down to pursue career development at Freudenberg Sealing Technologies. These changes in senior management will be effective as per the 1st of April 2021. The group continues to execute its development and restructuring plan with a focus on accelerating efforts to deliver sustainable business performance in view of changing dynamics of the automotive industry.

“Dr. Matthias Sckuhr joined Nedschroef in September 2019, and together with the Board of Directors, has led Nedschroef through challenging times that were historically unprecedented due to a difficult automotive market and the COVID-19 pandemic” said Zhiyan Zhou, Chairman of the Supervisory Board. “Under his leadership, the Board of Directors has formed a solid basis to strengthen Nedschroef’s position in the automotive market by reforming the group into an enhanced sales and engineering organization. We regret to see Dr. Matthias Sckuhr leaving Nedschroef and wish him every success in his future endeavors.”

Dr. Matthias Sckuhr said “It is with mixed feelings that I came to this decision to continue my career elsewhere after such a short period with Nedschroef. I am impressed by, and enjoyed working with the dedicated entrepreneurial employees of this remarkable company. Nevertheless, I am looking forward to a new challenge which offers me the opportunity to work specifically in the area of batteries and fuel cell technology. Since my university times, different forms of energy generation have always been an area of high interest for the engineer in me.”

Paul Raedts has been with Nedschroef since February 2001. He was appointed CFO in October 2011 and since then has played a pivotal role in enabling Nedschroef to reach its overall strategic targets. In addition to overseeing the finance, IT, legal and compliance, as well as central procurement functions, Paul Raedts has over the past few years initiated and spearheaded the centralisation, streamlining and digitalisation of Nedschroef’s operations to enhance its capabilities and competitiveness.

Arjan Verheij joined Nedschroef in 2015 as group finance director. He has an overall responsibility for the finance and internal control functions of the group. Furthermore, Arjan was the initiator of, and is currently supervising, the newly set-up financial shared service centers that enhanced efficiency and internal control of the group. Arjan Verheij has been key in supporting different functions in Nedschroef using a more finance-based decision-making.

“During this time of challenges and transformation, the Supervisory Board is convinced that Paul Raedts and Arjan Verheij are the right persons leading Nedschroef,” said Zhiyan Zhou. “Both Paul Raedts and Arjan Verheij are proven leaders with business visions and the abilities to execute reforms and development plans with performance-driven targets. We are also particularly impressed by Paul Raedts’s professional experience; and based on his deep understanding and long service period with Nedschroef, there is no better person than Paul to succeed the CEO position”.