Barco

In order to comply with the requirements of the new Belgian banking legislation, limiting the number of directorships a bank chairman can hold, Herman Daems has decided to step down as director and chairman of Barco. The Board has accepted his resignation.
Herman Daems has been a director and chairman of the Board of Barco NV for 15 years. The company and the Board wish to express their greatest admiration for his many years of service and are pleased to appoint Mr. Herman Daems as honorary chairman of Barco.

Pursuant to the resignation of Mr. Daems, the Board has invited Mr. Charles Beauduin to become a member of the Board of Barco NV and will submit his nomination for final approval to the next General Assembly.
The Board of Directors has also decided to appoint Mr. Beauduin as new chairman of the Board.

Mr. Beauduin is CEO and owner of Michel Van de Wiele NV since 1993. Van de Wiele is an international technology player and leader in solutions for the textile industry.  Mr. Beauduin holds several positions in trade associations and employer organizations. He holds a Master in Law from the KU Leuven and an MBA from Harvard Business School. Mr. Beauduin has a broad international management experience with professional experiences in Asia and the United States.