Founder and CEO Ward Vleugels to Leave Q-Park NV

MAASTRICHT, The Netherlands, September 27, 2013 /PRNewswire/ --

After 15 years Ward Vleugels intends to leave Q-Park NV mid 2014.

Ward Vleugels, CEO and chair of the Q-Park NV Executive Board, has indicated that he will step down after the AGM to be held in May 2014. The supervisory board respects this decision.

Q-Park NV will be entering a new phase now that the shareholders have approved an internal split of Q-Park NV into an investment property and operational division. A new phase in the company's development also calls for a new executive. By making his intentions clear, Vleugels is creating space for his successor to guide Q-Park to new heights.

Ward Vleugels: "I have thought long and hard about this decision, but as founder and CEO of Q-Park NV, originally a hybrid investment property and operating company, I don't consider myself the right person to lead the internal partition. As shareholder and Executive Board chair, I want to avoid any ambiguities and questions that may arise when evaluating the different interests of the investment property and operational divisions."

Peter Elverding, Supervisory Board chair: "During the past 15 years Ward Vleugels has built up a unique and magnificent company which belongs to the top echelon of European parking companies. For this, the company is greatly indebted to him. This timely announcement of his intention means we have ample opportunity to find an excellent successor who can lead Q-Park in this new and interesting phase."

About Q-Park

Q-Park is one of the leading providers of parking facilities in Europe, whether wholly-owned, under management or in a hybrid business model. Q-Park is a recognised leader in quality in parking, has a portfolio of almost 6,000 parking facilities and 860,000 parking spaces and a strong market position in 10 North-West European countries: the Netherlands, Germany, Belgium, Great Britain, France, Ireland, Denmark, Sweden, Norway and Finland.

For further information please contact:

Q-Park NV
Ward Vleugels    
Executive Board chair    
+31-433-297-171
[email protected]

Peter Elverding
Supervisory Board chair
[email protected]

SOURCE Q-Park NV

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