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Investing.com -- Virginie Duperat-Vergne, the Chief Financial Officer (CFO) and Member of the Executive Board at Arcadis (AS:ARDS), has announced her decision to resign. Her resignation will take effect from 31 May 2025.
Still, shares were up almost 2% in early Europe trade on Wednesday.
Duperat-Vergne, who joined Arcadis in 2020, has been instrumental in driving the company’s profitability, which saw an improvement of over 300 basis points to 11.5% in the fiscal year 2024. During her tenure, the gap with peers reduced from 170 basis points in 2019 to 17 basis points in 2024.
Duperat-Vergne’s successor will be Willem Baars, who has been with the company for four years. Baars currently holds the position of Global Strategy, Financing and M&A Officer at Arcadis.
Prior to joining Arcadis, Baars spent more than 20 years at Goldman Sachs. He has been working closely with Duperat-Vergne, current CEO Alan Brookes, the Arcadis leadership team, and the Supervisory Board.
The announcement of Duperat-Vergne’s resignation comes at a time when Arcadis shares have seen a 30% decrease from their peak in November.
This has resulted in the company underperforming when compared to the engineering consulting peer group, and a widening valuation discount from 12% in November to 34%.
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