For many European and US-based Brands and Manufacturers, the Indian market represents a vast opportunity yet remains challenging due to its complex regulatory landscape. Traditional export models like direct export, agents, or distributor arrangements often fall short...
The 2021 annual shareholders meetings of NXT Group of Companies resulted in a shift in management responsibilities to support the GROUP’s further international growth and expansion of its partner portfolio.
In October and November of 2021, the annual shareholder’s meetings were held to discuss the management focus for the coming two years (2022-2023).
The main outcome of those meetings:
To create management capacity to facilitate NXT’s growth in the broadest sense it has been decided that as per January 1st, 2022, NXT’s founder Michael Westenberg will step down as director of the Turkish and Indian companies, whereas Victor Eveleens (Head of the Business Units Technology & Performance Materials) will step up and will become end responsible for all Country & Local Market organizations and Supply Chain Management operations outside of Europe.
Michael Westenberg will be driving NXT’s growth agenda with a strong focus on broadening and developing its strategic partnerships, scaling up the NXT eCOM activities in Europe, and activating the planned startup of NXT eCOM in the US market.