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Accell Group Announces Departure CEO René Takens

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HEERENVEEN, the Netherlands – Today Accell Group NV announces the departure of René Takens, Chief Executive Officer (CEO) and chairman of the Board of Directors. The decision was taken by mutual consent. Takens resigns as CEO at the next shareholders meeting on 25 April 2017.

Accell Group Announces Departure CEO René Takens
In his 18 years of leadership René Takens turned Accell into leading in bicycles and e-bikes and also pushed electric bicycles to great heights. – Photo fotopersbureau Dijkstra

In a press statement René Takens says, “Now that the outline of our refined strategy is becoming more and more clear, this has created a natural moment for me to hand over the reins to this wonderful company. I believe it would be good for this strategy to be implemented under new leadership. It has been my privilege to lead Accell Group for 18 years.”

18 years of leadership

In these 18 years of leadership by the now 62-year-old Takens, Accell Group has grown into a leading multinational in the bicycle and e-bike sector. He can also be regarded as the one that pushed electric bicycles to great heights. Within Accell he made investments available for the development of the company’s own ION e-bike drive systems. Currently e-bikes account for over 40% of Accell Group’s total turnover of about 1 billion euro.

Accell’s ‘refined strategy’

Takens names the company’s ‘refined strategy’ as the moment to step down. What is meant by this is explained by Accell’s CFO Hielke Sybesma. He says, “That’s the transition to an omni-channel distribution strategy as well as making significant changes in our supply chain. With the implementation of that refined strategy comes a time to give up the leadership. That’s the case here.”

In the company’s 2016 trading update this is mentioned about Accell’s strategy, “The organisation will in future be more geared towards (direct) sales to consumers, while Accell Group is developing and implementing omni-channel strategies for its operating companies in various countries.”

Strategy implementation

Hielke Sybesma (CFO) and the other members of the Board of Directors; Jeroen Snijders Blok (COO) and Jeroen Both (CSCO) will lead the implementation of the strategy until the new CEO is appointed. René Takens will remain involved in the Accell Group Board of Directors up to the shareholders meeting next April and will act as an advisor to the company after that meeting to help facilitate a smooth transition.

The timely announcement of René Takens’ departure enables the Supervisory Board to search for his successor which is now being initiated.

Accell Group maintains its forecast for turnover and profit for the full year 2016 as announced last November.

The annual results will be published as scheduled on March 10, 2017. At the Amsterdam stock exchange the announced departure of René Takens did not result in downward pressure on the company’s stock price. It traded early afternoon at about € 21.75.

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