EXACT GETS NEW INTERIM CEO
Exact, the Dutch company that owns the Macola line, is notable for one thing that did not happen in August, nor yet this month: It has not named a new CEO. The company’s interim CEO, Martijn Janmaat, signed on for a year at the company’s helm and he emphasized earlier this year that he would not stay beyond the planned August end of his job. Janmaat succeeded Raj Patel, who left the company after five years, leaving an organization with aging products and a shrinking customer base.
Janmaat began addressing those issues and pulled the company out of several countries. Instead of finding a permanent replacement, Exact has named one of its managing board members, Max Timmer, as the new interim CEO starting this month. Timmer joined Exact in 2010 as chief financial officer.
