Finance
TomTom CEO harold goddijn to step down
Published by Global Banking & Finance Review®
Posted on March 5, 2026
2 min readLast updated: March 5, 2026
Quick Summary
TomTom announced on March 5, 2026, that CEO Harold Goddijn will step down on April 16, to be succeeded by current Chief Revenue Officer Mike Schoofs. Goddijn will remain involved through a transition and join the supervisory board following a structured succession process.
TomTom CEO Harold Goddijn to step down
Leadership Transition at TomTom
Harold Goddijn's Departure
March 5 (Reuters) - TomTom CEO and co-founder Harold Goddijn will step down on April 16 and will be replaced by insider Mike Schoofs, the Dutch mapping technology group said on Thursday.
Succession Process and Supervisory Board Role
Goddijn will remain with the company and join its supervisory board at the end of a "structured succession process", TomTom said in a statement.
Mike Schoofs: The Incoming CEO
Background and Achievements
Schoofs, currently the group's chief revenue officer, has worked at TomTom for more than 20 years and was key in making its original portable navigation device, the company said.
Vision for TomTom's Future
"My focus will be on disciplined execution, scaling our automotive and enterprise businesses, and delivering long-term value for customers and shareholders,” Schoofs said in the statement.
Financial Outlook and Market Performance
Revenue Expectations
The group said last month it expected its revenue to drop or at most be steady in 2026 due to the negative effect form a shift between old and new contracts, which should drive growth in later years.
Share Price Performance
Its shares have fallen 6% so far this year, and are almost 27% down from their early peak on January 9.
Reporting Credits
(Reporting by Alessandro Parodi, editing by Milla Nissi-Prussak)
Key Takeaways
- •Harold Goddijn, co‑founder and CEO since 2001, will step down from the CEO role effective April 16, 2026; he’ll join TomTom’s supervisory board thereafter (corporate.tomtom.com).
- •Mike Schoofs, currently Chief Revenue Officer, has been named CEO-designate and will assume the CEO position following Goddijn’s departure (theorg.com).
- •The leadership change comes amid challenges from legacy contract transitions impacting revenue in 2026, with TomTom expecting improvement in 2027–2028 as new contracts take hold (streetinsider.com).
References
Frequently Asked Questions about TomTom CEO Harold Goddijn to step down
1When will TomTom CEO Harold Goddijn step down?
Harold Goddijn will step down as CEO of TomTom on April 16.
2Who is replacing Harold Goddijn as TomTom CEO?
Current Chief Revenue Officer Mike Schoofs will replace Harold Goddijn as CEO.
3What role will Harold Goddijn take after stepping down?
Harold Goddijn will join TomTom's supervisory board after stepping down as CEO.
4How was the CEO succession at TomTom described?
The CEO transition was described as a 'structured succession process' by TomTom.
