Metair CEO Theo Loock announced early retirement

As part of Metair's Covid-19 response strategy, the company will be looking for a new CEO and COO.

Metair has announced the early retirement of its CEO Theo Loock with effect from 31 December 2020. He will also be stepping down as chairman and non-executive director of all local and international Metair subsidiaries.

According to a statement released by the company, Theo has been the CEO of Metair for 15 years and spearheaded the development and successful implementation of the company’s transformation and globalisation strategy. “Under his capable guidance, the company attained many milestones and established itself as a leader in the automotive component and energy storage segments of the market.” 

During his time at Metair, Theo has been working closely with Sjoerd Douwenga, who has been with the company since 2011 and was appointed CFO in 2014. 

Metair also said in the statement that its Covid-19 response strategy, which includes a plan with growth opportunities, requires the strengthening of the company’s leadership and management structure. For this reason, they will be looking for a COO along with their search for a new CEO.

To ensure a seamless hand over to the new CEO, Metair is contemplating arrangements for Theo to stay on to provide consultancy services to the company following his retirement. “The board of directors is of the view that the retention of Theo’s extensive automotive industry experience and technical expertise for a certain period, will benefit Metair stakeholders,” the statement read.