Exact Software announces that Mr. Max Timmer will become CFO of Exact Holding N.V. on January 1, 2010.
Mr. Timmer, who holds a Master’s degree in Econometrics of the Erasmus University in Rotterdam, started his professional career in 1990 with Gilde Investment Management. Before joining Leaf, Mr. Timmer held in the period 1992 until 2003 various finance positions with CSM N.V., the latest being Vice-President Finance & Information of the sugar confectionary division. Mr. Timmer has served from 2005 until 2009 as CFO of Leaf International B.V., a spin off from the large conglomerate CSM founded in 2005 by CVC Capital and Nordic Capital, after having been responsible as General Manager Operations for the supply chain of Leaf in Italy in the period 2003 until 2005.
Mr. Rolf Deves, Chairman of the Supervisory Board of Exact, says: "Mr. Timmer is an excellent candidate for the position of CFO at Exact. We are happy that with the proposed appointment of Mr. Timmer we have been able to extend the Managing Board, which was one of our main priorities as Supervisory Board since our appointment in April this year. Although the quality of the finance function within Exact has in the past always been covered excellently, appointing a CFO and extending the Managing Board is a principle of good corporate governance."