Arcadis chief executive steps down

Arcadis chief executive Harrie Noy is to step down after 37 years at the firm.

Noy, 60, has been chief executive and chairman of the board for the past 12 years, and will formally resign his post in the upcoming general meeting of shareholders on 16 May.

Noy led Arcadis’s international expansion, including the 2005 purchase of cost consultant AYH, and last year’s buy out of consultancy giant EC Harris, thought to be worth in the region of £125m.

Noy will be succeeded by Neil McArthur, who was appointed to the executive board last year.

McArthur has worked previously at Shell, where he worked on large investment projects in Qatar and the Netherlands, and international strategy consultancy Booz & Company.

After joining Arcadis he was closely involved in the EC Harris deal, leading the integration process.

In addition the current European director, Stephanie Hottenhuis, who has been with Arcadis since 1995, will be nominated for appointment to the executive board at the same meeting.

Harrie Noy said: “I look back with great satisfaction at what has been achieved in cooperation with many people in Arcadis. For me, the focus has always been on building a cohesive company with strong values, where people can grow by working with clients on creating a better, more sustainable world.

“I am proud that I had the opportunity to lead this great company for so long”.