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Garrett Forde to Succeed Dick Joustra as CEO of SPGPrints

Press release from the issuing company

Boxmeer, Netherlands – The Supervisory Board of SPGPrints has appointed Garrett Forde as a member of its Management Board and the CEO of the SPGPrints Group, effective on October 1st, 2020.

Dick Joustra is going to retire this year. Mr. Joustra started his career at SPGPrints (then Stork) in 1983, becoming a Managing Director in 1999 and was appointed CEO of the SPGPrints Group in 2003. Dick will ensure a seamless transfer of all his responsibilities to Garrett and has agreed to assume a senior advisory role to the SPGPrints Group and to remain as a member of the Supervisory Board after this transition.

Garrett joins SPGPrints from his most recent position as CEO of Hitec Power Protection B.V. in The Netherlands, the world leader in dynamic continuous power solutions. Prior to his position at Hitec Power Protection, Garrett had a distinguished career in the technology manufacturing industry in the US and Europe, where he held various positions with Philips, Intelligent Energy and Panalytical.

The Chairman of the Supervisory Board, Daniel Lopez-Cruz, stated: "Dick has been instrumental in building SPGPrints into the global leader that it is today. Under Dick, SPGPrints has solidified its leadership as an increasingly global business and has initiated the development of digital textile printing. This is a strong base for a further expansion of SPGPrints, under the leadership of Garrett. The Covid-19 pandemic has presented us with unprecedented challenges, but I have no doubt that these will continue to be met with the capabilities and determination that has made SPGPrints succeed over many decades. Garrett has a very strong technical background, is experienced in technology transitions, and has a great track record in the management of international organizations such as SPGPrints. We are delighted by Garrett’s decision to join SPGPrints as its new CEO."

Garrett Forde stated: "I am very excited about joining SPGPrints. SPGPrints is renowned for its outstanding quality, strong customer focus, technology leadership and global presence, qualities which have always been key to me, also personally. I want to build on the success that SPGPrints has developed under Dick’s stewardship and vision and support our customers with world-class products and service."

The current CEO of SPGPrints, Dick Joustra, commented: "I am delighted that Garrett will lead SPGPrints on the next stage of its journey building on the base we have created together. I wish him and you full success.”

Daniel Lopez-Cruz, Chairman of the Supervisory Board

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