Global exchange group NYSE Euronext has named Cees Vermaas as a member of the managing board of its European holding company and chairman of the managing board of NYSE Euronext Amsterdam.
Vermaas will succeed Joost van der Does de Willebois, who will step down from the NYSE Euronext’s management board on 1 June 2010. Vermaas, who will continue in his current role as executive director of sales and relationship management for NYSE Euronext’s European cash markets, will sit also on the management committee at the exchange group and be responsible for international cash business development.
Van der Does de Willebois will continue in his role until 1 August 2010 to ensure a smooth transfer of responsibilities to Vermaas.
“Cees is very well acquainted with the securities and derivatives markets in Amsterdam and Europe. He has a deep understanding of customers business as well as the upcoming challenges in a competitive environment,” said Dominique Cerutti, president and deputy CEO of NYSE Euronext, in a statement.
“After more than five enervating and exciting years, I think this summer is the right moment to hand over my responsibilities to Cees, and to start thinking about the next phase of my career,” added Van der Does de Willebois. “A great deal has been accomplished during my time on the managing board and I look back on this period with satisfaction. I am convinced that Cees will continue the work we have started, providing added value to clients, shareholders and staff.”
Vermaas’s appointment is subject to the approval of the Euronext College of Regulators and the Netherlands Ministry of Finance.