CFO Rob Groot to Exit Stage Entertainment

Following the completion of the transaction in which CVC Capital Partners acquired a majority interest in the international theatre company Stage Entertainment, Rob Groot will step down as the company's CFO and member of the board of directors on 29 October.

Groot: 'After careful consideration, I have decided that this is the right time for me to leave the company. I have enjoyed my involvement in this important transition phase at Stage Entertainment, and as CFO, the past year has personally been very interesting and rewarding. With the successful sale of the company now behind us, an important milestone has been reached, and a solid foundation has been built on which the shareholders can expand and further develop the company. In the coming weeks I will be fully focused on the smooth transfer of my activities and responsibilities.'

Just Spee, CEO Stage Entertainment, respects the decision of Rob Groot. Spee: 'I am grateful for the manner in which Rob has performed his challenging duties as CFO and the leadership he has displayed with the financial teams in the eight countries where Stage Entertainment has subsidiaries. I wish Rob every success in the future. At the moment there is no immediate successor for Rob, and in the coming period I will be speaking with possible candidates for the CFO position.'

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