Amsterdam stock exchange’s new chief has been named as Maurice van Tilburg, who currently runs the exchange’s business projects and design unit.

Van Tilburg, 43, succeeds Cees Vermaas who left in August.

Vermaas said in a farewell interview in January that Euronext Amsterdam is too small for multinationals such as Shell and Unilever.

The Amsterdam, Paris, Brussels and Lisbon stock exchanges form the Euronext  group, which itself was listed in June 2014. Amsterdam is the oldest stock exchange in the world.

Van Tilburg, an engineer by trade, joined the EOE options exchange in 1995 and also worked for the European clearing house Euroclear.