Electrabel COM - Board of Directors


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Board of Directors

According to the Articles of Association, the company is administered by a Board of Directors made up of at least five members (monistic structure).

The Board of Directors is the final decision-making body of the company, except for matters reserved for the shareholders by law or the Articles of Association.

The Board of Directors' primary aim is to ensure the long-term success of the company while at the same time respecting the interests of all third-party stakeholders who are essential to attaining that objective, i.e. the shareholders, the personnel, the customers, the suppliers and other creditors and, in addition, the public service obligations that the company assumes.

The Board of Directors, in pursuing that objective, identifies the strategic challenges and tasks confronting the company; defines the values of the company, its strategy, the level of risk that it can accept and its key policies; it also controls the company's business.

The Board of Directors has seventeen members and is made up of five categories of directors:

1. Seven directors are linked to the controlling shareholder
2. One director belongs to the management
3. Two directors are linked to the municipalities
4. Four directors are independent
5. Three other directors

1. Seven directors are linked to the controlling shareholder

Gérard MESTRALLET, Chairman
Emmanuel van INNIS, Vice-Chairman
Alain CHAIGNEAU
Yves de GAULLE
Gérard LAMARCHE
Robert-Olivier LEYSSENS
Xavier VOTRON

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2. One director belongs to the management

Jean-Pierre HANSEN, Vice-chairman and Chief Executive Officer

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3. Two directors are linked to the municipalities

(Electrabel's partners in the mixed Intermunicipal companies)

Luc HUJOEL
Geert VERSNICK

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4. Four directors are independent

Baron CROES
Lutgart VAN den BERGHE
Baron VANDEPUTTE
Baron van GYSEL de MEISE

These four directors are qualified as independent under the terms of Article 524 of the Company Code and of the Corporate Governance code. The independent directors are called upon to issue an opinion to the Board of Directors prior to certain decisions or operations involving an associated company (with the exception of subsidiaries), unless they concern ordinary decisions or operations taking place under normal market conditions or representing less than one percent of the consolidated net assets.

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5. Three other directors

Pierre DRION
Jean-Pierre RUQUOIS
Baron VAN WAEYENBERGE

The Secretary to the Board of Directors and to the Committees created by the Board is Patrick van der BEKEN

More information on the Board of Directors in the Corporate Governance Charter

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