Newtec – a specialist in designing, developing and manufacturing equipment and technologies for satellite communications – today announced record revenue and profitability growth figures, including revenue growth of 62% since 2013 and 26% year-on-year in 2016, demonstrating that the company is gaining market share in all geographies and focused vertical markets.
Newtec also announced today that after ten years of dedicated and successful leadership CEO Serge Van Herck has decided to resign and move his career in another direction. Newtec is grateful to Van Herck for his leadership over the past decade and wishes him all the best with his new undertakings.
Newtec’s Board of Directors has appointed Thomas Van den Driessche, who was named Chief Commercial Officer four years ago, to succeed Van Herck as CEO, effective from January 1, 2017.
Dirk Breynaert, Co-founder of Newtec, said: “We appointed Serge ten years ago, with the goal of taking Newtec to the next level and it is great that we have been able to achieve such success. I am grateful that Serge leaves behind a well-coached team that will be able to further realize our growth ambitions."
Van Herck said: “It has been an honor and a privilege to lead such a great team for the past ten years and I congratulate all Newtec colleagues for the impressive achievements we have been able to realize. I thank Dirk and Jean-Marie Maes, our company’s founders, for the unique opportunity they gave me to lead this team. Last but not least, I want to thank all of Newtec’s customers and business partners for providing us with their trust and business.”
Newtec’s new CEO Thomas Van den Driessche added: “We are all looking forward to continuing on the strategic path that steers Newtec and our customers alike. There are so many common goals that lift the whole of our industry. It is this excitement that is fueling our results and motivating our team."
After years of successful building, resulting in the market-driven and product-leading company that Newtec has become, Van Herck concluded: “I am happy that I can hand over Newtec’s management to the capable hands of Thomas Van den Driessche. Thomas has extensive experience, strategic vision, strong technology understanding and leadership skills. I am very confident that Newtec has a bright future ahead.”
The Newtec’s Board of Directors, Van Herck and Van den Driessche are committed to a smooth transition that will pave the way to meeting Newtec’s goals in 2017 and beyond.