Mr. E. ten Cate believes it is prudent to step down considering the intended takeover bid by Ten Cate Investment Company for the shares of Hydratec Industries N.V. The other supervisory board members will assume Mr. ten Cate's duties until a successor has been appointed.

Bart Aangenendt, CEO of Hydratec: “We are extremely grateful to Egbert ten Cate for the valuable and inspiring role he has played in the development of Hydratec into the successful company it is today. His leadership, tireless commitment, and sharp, practical advice, as well as his supportive approach, have always been highly appreciated.”

 

Hydratec Industries is listed on the Euronext Amsterdam NV stock exchange (ISIN NL0009391242, ticker: HYDRA.)