Boudewijn Siemons will be swapping his interim position for a full-time one as CEO of Port of Rotterdam Authority as the shareholders of the Port Authority, the municipality of Rotterdam and the Dutch national government appointed Siemons for the next four years at the recommendation of the Supervisory Board.

Siemons has taken over from Allard Castelein who left the Port Authority last summer. Since then Siemons has been serving as CEO on an interim basis, in addition to his role as COO. The Executive Board of the Port Authority now comprises Boudewijn Siemons as CEO, along with Vivienne de Leeuw as CFO. The search for a new COO is currently underway.

Koos Timmermans, the chair of the Supervisory Board, said, “This appointment means that the Port Authority will continue to be led by a familiar face for employees and customers. The Supervisory Board is pleased. Boudewijn Siemons has demonstrated his excellent abilities as CEO during the past six months. He is a genuine bridge-builder. In addition to his passion for the port, he brings experience from the maritime sector and companies in the fields of infrastructure and the energy transition.”

Boudewijn Siemons, “The port of Rotterdam connects Europe with the rest of the world through logistics chains. With our employees and customers, the Port Authority is shaping a future-resilient port that is firmly rooted in the region and the city. Working here every day gives me enormous energy. I am happy to stay on here as the CEO of the Port Authority.”

Revised remuneration policy

Siemons’ appointment as CEO follows the shareholders’ adoption of an updated remuneration policy for the Port Authority’s Executive Board (CEO, COO and CFO).

New members of the board will receive a fixed basic salary, with a maximum of €365,000 annually for the CEO and €328,500 for the COO and CFO. These amounts are substantially lower than in the past.

In addition, there will no longer be a variable component and the package of secondary benefits has been scaled down. A transitional arrangement has been agreed upon for the two current board members, Siemons and De Leeuw. CEO Siemons will receive a salary comparable to the one he earned during his time as the COO of the Port Authority.