TomTom CEO Harold Goddijn to Step Down

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)