Shareholders Back SmitWijs

Friday, July 22, 2005
During a recent series of meetings, the shareholders of SmitWijs Towage – Smit International (50%) and SvitzerWijsmuller (50%) – have reconfirmed their commitment to the ocean towage business and their efforts to remain the market leader in this segment.

As of August 29, Managing Director Aart Brand will be leaving the joint venture due to reaching retirement age. Brand will continue his services in the capacity of Senior Advisor until the end of this year, and will be succeeded by Jord Veldman. Mr Veldman currently holds the position of Regional Manager Americas with SvitzerWijsmuller. Hans van der Donck, General Manager of SmitWijs, will continue in his present function.

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