Supervisory board, owners clash at waste firm over new CEO

Members of the supervisory board at waste processor Van Gansewinkel have clashed with the company’s private equity owners over the naming of a new chief executive, the Financieele Dagblad reports on Wednesday.


The paper says venture capital groups KKT and CVC want to bring in a tough reorganiser to take over from Ruud Sondag but the company’s two independent supervisory board members want to stop this and have threatened to resign.
The paper bases its claim on company sources.
The private equity groups want to appoint Cees van Gent from German logistics firm Lehnkering to the job, a man who has a reputation as a hard taskmaster who is not afraid of making cuts.
Van Gansewinkel’s works council is also opposed to Van Gent’s appointment.
Van Gansewinkel, which has 7,000 workers and turnover of €1.2bn, was bought by CVC and KKR for some €2.2bn – much of it self-financed.

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