Executive Board and Executive Leadership Team Corporate governance
Composition, tasks and responsibilities of the Executive Board
The Executive Board, which on the grounds of the Articles of Association comprises a minimum of two members, is collectively responsible for the management of the Company. This means that the Executive Board’s responsibilities include the policy and business progress within the Company and with this the achievement of the goals, strategy, profit development and the social aspects of doing business that are relevant for the Company. The Executive Board is also responsible for compliance with legislation and regulations, management of the risks coupled with the company’s activities, and the financing of the Company. The Executive Board discusses the internal risk management and control systems with the Supervisory Board and the Audit Committee.
In the performance of its duties, the Executive Board is focused on long-term value creation by the Company and its associated companies and formulates an appropriate strategy for this purpose. The Executive Board is accountable to the Supervisory Board and the General Meeting of Shareholders for its policy.
Appointment of Executive Board members
The members of the Executive Board are appointed by the Supervisory Board for a maximum term of four years. The Supervisory Board notifies the General Meeting of Shareholders of an intended appointment and does not dismiss members of the Executive Board until after the General Meeting of Shareholders has expressed its opinion.
Composition, tasks and responsibilities of the Executive Leadership Team
The Executive Board is supported by the Executive Leadership Team in its day-to-day affairs. The Executive Leadership Team consists of the two members of the Executive Board, the presidents of the four business groups and FrieslandCampina China, as well as the functional managers of Human Resources, Research & Development and Corporate Supply Chain. The task of the Executive Leadership Team is to implement the strategy, transform objectives into specific plans and to manage operating companies within everyone’s area of responsibility.
Appointment of Executive Leadership Team members
The members of the Executive Leadership Team are appointed by the Executive Board following approval by the Supervisory Board.
Remuneration policy for the members of the Executive Board and the Executive Leadership Team
All relevant recommendations of the Code are applied in the remuneration policy. The remuneration policy is not made public because the Company is legally exempt from publication. The remuneration policy is proposed by the Supervisory Board and approved by the General Meeting of Shareholders, and every year is accounted for in the meeting of the Cooperative’s Members’ Council. Changes in the remuneration policy are put before the General Meeting of Shareholders for approval. FrieslandCampina is also accountable to the Cooperative’s Members’ Council on this matter.
Executive Board and Leadership Team
|Chief Executive Officer||Hein Schumacher|
|Chief Financial Officer||Jaska de Bakker|
|President FrieslandCampina Consumer Dairy (BG)||Roel van Neerbos|
|President FrieslandCampina Specialised Nutrition (BG)||Berndt Kodden|
|President FrieslandCampina Ingredients (BG)||Kathy Fortmann|
|President FrieslandCampina Basic Dairy (BG)||Hans Meeuwis|
|President FrieslandCampina in China||Rahul Colaco|
|Corporate Director R&D||Margrethe Jonkman|
|Corporate Director Supply Chain||Roman Scieszka|
|Corporate Director HR||Geraldine Fraser|
Meet the members of the Executive BoardA quick overview of the members of the Executive Board, Executive Leadership Team and their responsibilities.
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Corporate governanceThe Corporate Governance principles followed by Royal FrieslandCampina N.V. are laid down in the Articles of Association and the Regulations of the Company’s various bodies