Belgium - Barco has announced that Mr. Eric Van Zele, CEO, plans to retire later this year. In anticipation of Mr. Van Zele's retirement, the Board appointed Mr. Jan De Witte, a former corporate officer of the General Electric Company, as CEO-designate. Mr. Jan De Witte will join Barco's Core Leadership Team in June 2016 to effectively take over as CEO as of 1 October 2016.

Mr. Van Zele will continue to serve on the Board of Directors to ensure continuity of leadership and strategic focus for the company.

Mr. Charles Beauduin, Chairman of the Board, commented, "Under Eric's leadership, Barco became a global market and technology leader as well as a more focused and leaner organization. His drive for strategic innovation and customer intimacy has helped to harness Barco's entrepreneurial culture and shift the company's strategic direction towards more value-added software-enabled and networked solutions. The Board is looking forward to continue to benefit from his insights and contributions to ensure Barco's future success.

"Following a thorough review process, the Board determined Jan De Witte to be the right candidate to continue to strengthen Barco's global leadership aspirations. Jan's experience in leading global organizations combined with his background in value-added software and services make him the right executive to move Barco forward into its next phase of growth.

"Given his proven track record of developing new markets, driving operational efficiencies and managing product development, the Board is confident that Barco, under Jan's leadership, will continue to deliver sustainable profitable growth."

(Jim Evans)


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