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Prodrive Technologies appoints Marc Uleman as the new Chief Executive Officer

Prodrive Technologies appoints Marc Uleman as the new Chief Executive Officer

Science Park Eindhoven, October 17, 2023 – Prodrive Technologies Group B.V. (“Prodrive Technologies”) is pleased to announce the appointment of Marc Uleman as its new Chief Executive Officer (CEO), effective January 8, 2024. Marc will, jointly with Prodrive Technologies’ current CEO and co-founder Pieter Janssen, form the new Executive Board of the company. In this new set-up, Pieter Janssen will focus on technology and innovation, and assume the position of Chief Technology Officer (CTO) alongside Marc in his new role as CEO.

Marc Uleman holds an MSc in Mechanical Engineering from the University of Twente and joins Prodrive Technologies with over two decades of leadership experience, having held key executive roles at prominent technology & industrial companies. Most recently, Marc served as the Executive Leadership Team member at IDEX Corporation, a US-based and publicly listed engineered products manufacturer. In this role, he oversaw the Health Science and Technology segment, leading a global business comprising over 3,800 employees with annual revenues of approximately $1.5 billion. Marc brings a proven execution track record and his experience spans various industries, including the life science, semiconductor, and industrial markets.

Pieter Janssen, reflecting on the leadership transition, remarked: "I warmly welcome Marc as the new CEO of Prodrive Technologies and I am excited about the opportunity to work alongside him to propel Prodrive Technologies further into the future. I have full confidence that Marc will successfully combine great creativity with outstanding execution. Together, we are committed to driving innovation and excellence throughout the company. As I transition into the role of CTO, I am very much looking forward to fully focusing on technology and innovation, as well as nurturing long-term relationships with our customers and partners.”

Eric Saris, chairman of the Supervisory Board of Prodrive Technologies, says: “We are pleased to appoint Marc Uleman as the new CEO of Prodrive. He has an impressive track record in driving performance improvements across various businesses, coupled with extensive global leadership experience. We are convinced that he is the ideal CEO to take Prodrive to the next level of performance. Therefore, on behalf of the entire Supervisory Board, I welcome him as the next CEO of Prodrive, and we wish him success in his new role to further shape Prodrive for increased value creation for all our stakeholders.”

Marc Uleman expressed his enthusiasm, saying: " I am very much looking forward to jointly working with the Prodrive team to develop the full potential of the company and continue the phenomenal growth trajectory the business has seen over the last years “

About Prodrive Technologies:
Prodrive Technologies is a developer and manufacturer of high-tech electrical, mechanical, and
computing components for applications in demanding industries, including semiconductor, medical,
industrial, and automotive. The company is market-leading in high-end power control and specialized
computing systems. Prodrive Technologies’ business model is based on a combination of its own R&D
and in-house high-tech production facilities, with a total workforce of approximately 2,500 FTE.
Prodrive Technologies is located in Son (Eindhoven area) and also operates production facilities in the
US (Boston) and China (Suzhou). Reported turnover over 2022 amounted to €415 million.