Dutch shipbuilder Royal IHC informed on Monday that Bram Roelse is stepping down as chief executive of the company.
Roelse has been at the helm of IHC from April 2014.
Dave Vander Heyde, currently IHC’s chief financial officer, will take over from Roelse as the company’s new CEO as of September 1, IHC said in its statement.
“During his time in this role, Roelse has used his in-depth knowledge and experience to determine and roll out the IHC2020 strategy under difficult market conditions. The Supervisory Board is extremely grateful for this and his enormous contribution to IHC over the past 16 years,” the statement said.