Mr Verhagen was appointed as member of the Management Board with effect from June 1, 2021 by the Annual General Meeting of May 17, 2021. Following this appointment, he was appointed as CFO from June 1, 2021 by the Supervisory Board.

Paul has a proven track record and background in Dutch listed companies and the electronics industry. He made a career within Royal Philips – starting in the early 90s and until 2013, he fulfilled numerous executive positions in the Netherlands, the US, Hong Kong, and China. His last two assignments – from 2007 until 2013 – were as executive vice president and CFO of Philips Consumer Lifestyle, and executive vice president and CFO of Philips Lighting. In 2014, he became the CFO and member of the Management Board of the Dutch stock listed company Fugro N.V.

Paul is a non-executive director of ASMPT, a member of the supervisory board (raad van toezicht) of Delft University of Technology and a member of the supervisory board of football club PSV. He is a Dutch national, holds a Master of Business Administration degree, and has a post-graduate degree as Chartered Controller.