FRAMINGHAM (03/24/2000) - Baan Co. NV today said another member of its supervisory board has resigned, making him the third board member to give up a seat this month.
Henk van den Breemen, a former general and chief of staff in the Dutch Armed Forces, resigned because of health reasons, Baan said. He had been a member of the supervisory board - which is the European equivalent to a U.S.-style board of directors - for the past 12 months.
The latest resignation comes three weeks after two U.S.-based members stepped down after nine months on the supervisory board. Baan, which has lost money for six straight quarters and gone through three CEOs since mid-1998, now has just four active supervisory board members.
A fifth member, Pierre Everaert, became Baan's acting CEO in January and has temporarily given up his seat on the supervisory board until a permanent CEO is hired.