Effective 1 April 2025, Peter Berdowski will step down as CEO of Boskalis.
He will be succeeded by Theo Baartmans , a member of the Board of Management since 2007.
Mr. Berdowski will be appointed Chairman of the Supervisory Board as of the same date.
Boskalis’ financial position is very healthy, the company said in its latest business results. With a cash position of EUR 765 million and only EUR 247 million in debt, Boskalis has a net financial position of EUR 518 million.
With the available cash and cash equivalents and (undrawn) bank facilities, Boskalis has a readily available financing capacity of more than EUR 1 billion.
Solid solvency further increased to 56.3% with which Boskalis comfortably meets its financial covenants.