Barco has announced Charles Beauduin will retire as co-CEO and will become chairman of Barco, effective September 1 2024, with An Steegen being confirmed as CEO.
In 2021, An Steegen and Charles Beauduin (pictured above) assumed the role of co-CEOs at Barco, after the challenging Covid-19 period. Under their leadership, the organisational structure was redesigned, with greater empowerment at business unit level for increased customer and market responsiveness.
With the focused factories strategy, the upstream value stream was strengthened, and the manufacturing footprint was expanded with dedicated factories, including two new manufacturing plants in China. Furthermore, the R&D roadmap has been accelerated, with additional focus on innovation, and leading to an increased number of new product introductions from 2024 and beyond.
In the board meeting of June 25, the board of directors has accepted the resignation of Charles Beauduin as co-CEO and has appointed Beauduin as new chairman of the board, taking over from Frank Donck.
Donck will continue to serve on the board of directors as independent director. These changes will be effective September 1, 2024. An Steegen will continue her role as CEO of Barco.
Beauduin said; “With gratitude I am looking back on the past years as co-CEO of Barco, in tandem with co-CEO An Steegen. Together we launched the implementation of a new strategy for innovation, customer centricity and focused factories, which was rolled out by the Barco teams, also during my absence for medical reasons last year. From the start it was my intention to reduce, after a few years of transformational change, my executive involvement at Barco. This time has come. However, my dedication to Barco continues in a different role, in which I will further focus on value creation for the company. As chairman, together with the other Board members, I am looking forward to continuing working with An Steegen and the Barco teams and to transforming Barco further into a customer-focused and innovation-driven company.”