Our leadership

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 operations 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 FrieslandCampina. The Executive Board is also responsible for compliance with legislation and regulations, management of the risks associated 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 execution of its duties the Executive Board is focused on long-term value creation for FrieslandCampina and its associated companies, and formulates an appropriate strategy for this purpose. The Executive Board is accountable to the Supervisory Board 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.

In the Executive Leadership Team, all business units and strategic functions come together. The Executive Leadership Team consists of the members of the Executive Board, the business groups’ presidents of Ingredients, Specialised Nutrition and Trading, the vice-president of the business unit Professional, the chief information officer and the global directors of the disciplines Research & Development, Supply Chain, Corporate Affairs and Corporate Development. The task of the Executive Leadership Team is to implement the strategy, transform objectives into specific plans and manage operating companies within their 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 as the Company is legally exempt from publication. The remuneration policy is proposed by the Supervisory Board and approved by the General Meeting of Shareholders. This policy is accounted for every year in the meeting of the Cooperative's Members' Council. Changes in the remuneration policy are put before the General Meeting of Shareholders for approval. On this subject FrieslandCampina is also accountable to the Cooperative's Members' Council.