08.07.2011

SHV confirms Van Seumerens departure

SHV/Mammoet has finally confirmed that Mammoet chief executive Roderik van Seumeren, chief technical officer Jan van Seumeren junior and chief operating officer Patrick van Seumeren are leaving the Dutch based heavy lift company.

It has also confirmed that the Van Seumeren family is selling its 25 percent stake in Mammoet to SHV giving it 100 percent of the equity.

Jan Kleijn of Mammoet Americas, will take over as chief executive and will be joined by Neil Birkbeck, Herman Smit, Erik Rave and chief financial officer Siem Kranenburg on new executive management board.

The hand over is likely to be completed by the end of the summer. The departure of the Van Seumerens is apparently due to unresolvable differences of opinion between them and the owners on how the company should be run. We understand that the van Seumerens do not have anything lined up and that Roderik at least will leave the crane industry.
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Roderik and Jan Van Seumeren Jr at the recent launch of the new Mammoet PTC cranes

SHV the investment company of the Fentener van Vlissingen family, acquired a 24.5 percent holding in Mammoet around five or six years ago from private equity firm NPM, then in October 2006 it added a further 24.5 percent from ABN Amro and 26 percent from the Van Seumeren family giving it a controlling 75 percent stake.

The Van Seumeren family, led by Frans Van Seumeren, acquired Mammoet in 2000 from the then owner Nedlloyd with the support of NPM and ABN. It then merged its Van Seumeren crane business into the larger Mammoet business, taking on the Mammoet name for the combined company.

Frans Van Seumeren retired in 2005 handing over to his youngest brother Roderik along with Patrick – son of Frans’ sister Henneke, Jan Jr – son of Frans’ other brother Jan and Siem Kranenburg who has remained in his post as CFO through all of the changes of the past 11 years.