LeasePlan’s chief financial officer and Europe chief operating officer stepped down from the board on Wednesday by mutual agreement.

Gijsbert de Zoeten, previously senior vice president for finance and chief financial officer since last year, is leaving along with chief operating officer for Europe, Marco van Kalleveen.

A spokesperson for LeasePlan said the company will now start the search for a new finance head, with no current preference for an internal promotion or an external hire. Van Kalleveen’s positions, meanwhile, will be eliminated and its responsibilities taken over by chief executive officer Tex Gunning.

Both executives had joined the Dutch company in 2016. De Zoeten had been chief financial officer for Anglo-Dutch conglomerate Unilever since 2010, and currently sits on the board of Technical University of Delft. Van Kalleveen came in from from the board of delivery company TNT, where he had been for almost three years. He was previously in charge of the group portfolio of Boston’s Bain Capital, as well as a partner at consultancies McKinsey and Bain & Company.

LeasePlan chairman Jos Streppel said: “On behalf of the supervisory board, I would like to thank Gijsbert and Marco for their significant contributions to LeasePlan. They have played a key role in the company’s transformation, bringing LeasePlan to its next phase of development. We wish them every success in their future endeavours.”

LeasePlan was set to make a stock exchange debut on the Euronext exchange in Brussels and Amsterdam this year, but abruptly cancelled its IPO plans in October, due to current “market conditions”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

55-year-old LeasePlan last switched hands in 2016, when a private equity consortium bought it from the Volkswagen group and German investors for €3.7bn. The intended IPO had already been pushed back a first time this year, with chief executive Gunning saying in April that the company was taking the time to make a good case for investors.