Neways Electronics International announces Adrie van Bragt to be appointed to Board of Directors as upcoming COO

– NETHERLANDS – Neways Electronics International N.V. (Euronext: NEWAY) today announces that its Supervisory Board intends to appoint Mr. Adrie van Bragt (1965) as Chief Operating Officer (COO) and member of the Neways Board of Directors effective 1 January 2015.

Following the appointment of the new COO, the Neways Board of Directors will have three members.

Adrie van Bragt has worked at Neways since 1992, with the last 10 years as statutory director of operating company Neways Advanced Applications. He has been extremely successful in this role. Neways Advanced Applications has grown considerably under his leadership, carving out a strong market position and winning great appreciation from its clients.

One of the reasons for the Supervisory Board’s decision to expand the Neways Board of Directors is the recent acquisition of BuS Group. Neways will be able to generate a number of synergies from this acquisition. Realising these synergies will require extra efforts from the Board of Directors. One of Adrie van Bragt’s priorities will be the continued development and improvement of the operational activities of the various operating companies.

Also taking into account the departure of Vincent de Bok, the distribution of tasks within the Board of Directors will change somewhat with the arrival of Adrie van Bragt. Mr. Huub van der Vrande will, as CEO, continue to be responsible for overall management and commercial matters. Vincent de Bok’s successor will be appointed CFO. As COO, Adrie van Bragt will be responsible for operational matters. Neways has already started the selection procedure for Vincent de Bok’s successor.

Neways’ shareholders will be informed about the proposed appointment during an Extraordinary General Meeting of Shareholders (EGM), which will be held on 16 December 2014. The meeting will be convened today in the usual manner. The convocation and the full agenda with explanatory notes for this EGM are also available on the Neways corporate website.

The works council has been informed of the proposed appointment via a request for its recommendations and has already given a positive advice.

About Neways

Neways Electronics International N.V. (Neways) is an international company active in the EMS (Electronic Manufacturing Services) market. Neways offers its clients custom-made solutions for the complete production lifecycle (from product development to after-sales service) of both electronic components and complete (box built) electronic control systems. Neways operates in a niche of the EMS market and focuses primarily on small to medium sized specialist series, with quality, flexibility and time-to-market playing a crucial role. Sectors in which Neways´ products are used include the semi-conductor, medical, automotive, telecom and defence industries. Neways has operating companies in the Netherlands, Germany, Slovakia and China, with a total of around 1,909 employees in 2013. In 2013, Neways booked net turnover of EUR 265.0 million. Neways is listed on Euronext Amsterdam (symbol: NEWAY).

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