Governance

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Board of Directors

The Board of Directors is a collegial body that has the powers to take any decisions and perform any measures that are necessary or useful for the achievement of the Luxempart’s corporate purpose, except for the powers exclusively reserved for the General Meeting of Shareholders by law or the Articles of Association.

The Board of Directors ensures the long-term development of Luxempart and of its business activities in the interests of all the shareholders, while taking into account the interests of other stakeholders, such as the creditors, employees, and generally speaking the community in which the Company operates.

The Board of Directors is first and foremost responsible for the strategic management of the Company and for monitoring the conduct of its business affairs, the shaping of values, objectives and key policies to be complied with.

Executive Directors

Person
Photo

Name
François Tesch

Position
Executive Chairman
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Name
John Penning

Position
Managing Director, Member of the Group Executive Committee
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Name
Olaf Kordes

Position
Managing Director, Member of the Group Executive Committee

Non-executive Directors

Person
Photo

Name
Jacquot Schwertzer

Position
Vice Chairman
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Name
François Gillet

Position
Chairman of the Audit, Compliance, and Risk Committee

Non-executive & independent Directors

Person
Photo

Name
Kay Ashton

Photo

Name
Grégoire Chertok

Photo

Name
Michèle Detaille

Position
Member of the Audit, Compliance and Risk Committee
Photo

Name
Frank Donck

Position
Member of the Audit, Compliance and Risk Committee
Photo

Name
Pierre Drion

Position
Member of the Nomination and Remuneration Committee
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Name
Jacques Elvinger

Position
Chairman of the Nomination and Remuneration Committee
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Name
Madeleine Jahr

Photo

Name
Jürgen Vanselow

Position
Member of the Nomination and Remuneration Committee

Specialised committees

The Board of Directors may ask for assistance, in an advisory capacity, from Specialised Committees that it sets up and for which it determines the role, responsibilities, composition and operating method in specific areas. The Specialised committees are composed of

  • the Audit, Compliance and Risk Committee, that assists the Board of Directors with their  tasks relating to the oversight of the financial information process, the internal and external audit process and the internal control process, and
  • the Nomination and Remuneration Committee, that assists the Board of Directors with any issues relating to the nomination and dismissal of, and the remuneration paid to the Directors and to the members of the Group Executive Committee.

Group Executive Committee (GEC)

The Board of Directors has delegated the day-to-day management of Luxempart to Managing Directors. The Managing Directors are seconded by the Group Executive Committee in this task.