ND Group is pleased to announce that Paul Broekhuijsen has been appointed as CEO.
Paul, aged 61 and a Dutch national, is a seasoned business leader with extensive executive and board experience with major international companies.
He joins ND Group at an exciting time for the business following the establishment of its new headquarters in Eindhoven, the Netherlands, and as it refines its unconventional ‘open-door’ approach to private equity investment. According to that approach, ND Group is sector-neutral and invests in both new and established ventures, as well as unorthodox opportunities normally not considered by larger financial institutions and traditional private equity firms.
Before his appointment to ND Group, Paul served as CEO of Ecolog International FZE, a Dubai-headquartered integrated services company with clients including governments, defence and humanitarian organisations and commercial industrial clients, including in the Oil, Gas and Mining sectors. Ecolog International FZE, which welcomed Adil Toubia as its new CEO earlier this year, is the largest company within ND Group.
Paul previously served as Chairman of the Supervisory Board at Vanderlande (2010 – 2015), a global market leader in logistic process automation solutions, and as CEO of Hertel (2011 – 2014), an international industrial services company working for customers in the Oil & Gas, Process and Energy industries. He also served as Executive Board Member of TBI, a major Dutch construction and technical services group, and before that as President of the GEA Refrigeration Division, also known as Grasso’s Koninklijke Machinefabrieken.
Commenting on the announcement, Paul said:
“I am excited to have been appointed CEO of ND Group and look forward to working with colleagues, old and new, on positioning our company as a real innovator in the market. Our financial credentials, global business expertise and entrepreneurial DNA means we are looking at investments across a range of sectors and welcome partnerships with unconventional business propositions.”
Nazif Destani, Founder of ND Group, added:
“Today marks another exciting step forward for ND Group as we look to expand into new sectors and geographies. Paul’s intimate knowledge of ND Group gained through his experience leading one of our major holdings, as well as his extensive experience working in a wide variety of industries and markets makes him uniquely qualified to take us forward.”
Paul Broekhuijsen starts as CEO of ND Group with immediate effect. Previous joint CEOs Nazif Destani and Thomas Wachowitz will now be members of an Advisory Board, providing strategic support to the leadership team.
Paul has a MSc Degree in Electrical Engineering from Delft University of Technology in the Netherlands.