European parking operator Apcoa has announced that Philippe Op de Beeck will be stepping down as CEO, effective 1 July, and that Bert Pijls will assume the role of executive chair until a new CEO is appointed.
The annoucement follows the news that Strategic Value Partners, a global alternative investment firm, is taking full ownership of Apcoa. Earlier in the year the business also replaced its chief financial officer with an interim hire.
As CEO, Op de Beeck led Apcoa’s growth of over 40% over the last eight years and helped the company achieve multiple strategic milestones, including several acquisitions, the roll out of Urban Hubs, the implementation of an EV charging strategy and the adoption of parking and mobility technologies across the business.
He will continue to support the company as senior advisor to the Apcoa board.
Speaking on behalf of Apcoa, Bert Pijls, interim executive chair, said: 'I would like to thank Philippe for his years of service and contributions to Apcoa. I will work closely with Phillipe during this period of transition, and I am very excited about Apcoa and its opportunities for continued growth.'
John Brantl, co-head of the European investment team at Strategic Value Partners, said: 'On behalf of SVP and our partners, we would like to thank Philippe for his leadership and contributions to Apcoa.
'We look forward to continuing to work with Bert and Philippe to support Apcoa in its growth journey. Our recent investment reflects our confidence in the future development of the business, and we look forward to working with Bert towards Apcoa’s continued success.'
Said Op de Beeck: 'I would like to take this opportunity to thank the entire team at Apcoa, whose unrelenting hard work and dedication have been the foundation of our success.
'This is an exceptionally talented group that feels like a family, and with an experienced leader like Bert at the helm, I strongly believe that the business will continue to successfully execute its growth plan.'
