Home > Exact Nominates Martijn Janmaat as Successor to Raj Patel as CEO

Exact Nominates Martijn Janmaat as Successor to Raj Patel as CEO

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Exact Holding N.V. (Exact ) announces its intention to appoint Martijn J.C. Janmaat (56) as the new CEO, succeeding Raj Patel who will step down effective July 31, 2010.

Janmaat has been a member of Exact's Supervisory Board since April 23, 2009.

Prior to joining Exact, Janmaat obtained broad experience in leading software manufacturers to international commercial success.

After a career as a lawyer in the public sector and as a management consultant with FME association, Janmaat held various management positions in the Dutch software industry since 1987, including as CEO of HCS Computer Graphics, Director of HCS Automation Services Group, CEO of NedGraphics Holding N.V., Change Manager of IBFD and most recently President and CEO of BlueCielo Holding B.V.

Janmaat has Dutch nationality and holds a master degree in Corporate and Public Law from the University of Leiden.

The Supervisory Board is pleased that Janmaat is available to act as CEO, initially on an interim basis. The Supervisory Board shall, in conjunction with Janmaat, consider a more definite fulfillment of this role during the next twelve months.

The Supervisory Board thanks Raj Patel for his contribution to Exact.

Rolf Deves, Chairman of the Supervisory Board, commented: “On behalf of the entire Supervisory Board I would like to thank Raj for his significant contribution to Exact during his tenure. A solid strategic foundation has been established, leaving a solid basis for profitable growth in the future. We thank Raj for his leadership, dedication and passion and wish him the very best in his future career. We are very pleased that Martijn is available to act as CEO of Exact.”

Raj Patel comments: “I have spent 14 fantastic years at Exact of which the last five as CEO. I have thoroughly enjoyed each and every one of these years and led the company through a phase which I hope will be key in its ambition to drive profitable growth in the future. Exact has become a large part of my life and I will miss Exact in every aspect and especially in my interactions with customers, our business partners and Exact’s employees globally. I believe Martijn is the right person to lead Exact towards the next phase, both in terms of skills and experience as well as in terms of his cultural fit to Exact. I look forward to working with Martijn in the coming period to ensure a smooth transition and I am confident he will take Exact from strong to stronger.”

Martijn Janmaat: “Raj’s contribution to Exact over the last five years has been key and a solid foundation has been established to drive future profitable growth. Exact is an energized and innovative organization with a strong market position and a solid balance sheet. These are great fundamentals for growth. I look forward to taking over Raj´s position and taking Exact to the next phase. I wish Raj much luck in his future career.”

Janmaat has been nominated for appointment as CEO by the Supervisory Board. In connection with his nomination, Janmaat shall step down from the Supervisory Board, effective July 31, 2010.

The Supervisory Board is currently considering an appropriate replacement for Janmaat on the Supervisory Board. An extraordinary meeting of shareholders will be separately convened later this year for purposes of, inter alia, appointing Janmaat as Exact's new CEO and member of Exact's Board of Managing Directors (statutair bestuur). Patel and Janmaat shall ensure a proper hand-over of tasks before July 31, 2010.

Exact. And it all comes together.

Exact is an information technology company and a global solution provider with entrepreneurial roots. The company provides their business software solutions in over 125 countries and 40 languages.

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