CEO Blokker get after disagreements with the supervisory board – nrc.nl

The branch of Blokker on the Maasstraat in Amsterdam. Photo ANP / Robin Lonkhuijsen

Economy

Chairman Roland Palmer Blokker Holding step because of a disagreement with the supervisory board. Reported Blokker Holding on its website.

Theo de Kool, Vice Chairman of the Board, will temporarily perceive his position until a permanent replacement is found.

No explanation

Since 2009, Palmer was employed by Blokker Holding since October 2010 and member of the board of directors. After the death of his uncle Jaap Blokker in July 2011 he was appointed president.

The company will not elaborate the issue. A spokesman for the group says to news agency ANP:

“Both parties have agreed not to provide further explanation of the difference of opinion.”

Also, did not indicate any departure bonus for Palmer

The Supervisory Board thanks Palmer VOO:.

“that he In 2011 the challenge has entered into, under difficult market conditions, to lead the organization. He has given a strong impetus to innovation within the group and he has thus made a start to the various store formats better match the ever more rapidly changing consumer demands. “

Falling profits

Blokker Holding reported in May that operating profit has dropped in 2014. The company saw operating income plummet from 139 million in 2013 to 65 million in 2014. Sales fell by 1.1 percent to 2.1 billion euros. The company carries out a major reorganization in which 390 workers are laid off.

The company renews stores to be able to better compete. Blokker has symptoms that include competition from retail Action.

Stores in eleven countries

When Jaap Blokker took the lead in 1973, the family business consisted of over forty shops for household items. The turnover was around 29 million guilders. In the eighties took Blokker over other chains like Leen Bakker, Xenos and Marskramer. By Bart Smit, Intertoys and Toys’ R Us to buy, he also became the king of toys Netherlands.
In 2010, the group had a turnover of 2.77 billion euros in 2013 was 2.5 billion euros. With fourteen retail formulas and 2,900 stores Blokker operates in eleven countries

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Blocker

CEO

Jaap Blokker

Roland Palmer