Composition of the Supervisory Board and the Management Board

The members of the Supervisory Board together represent a broad range of experience and expertise that is in line with the Supervisory Board profile which has been established in view of GrandVision’s business activities and complies with the Corporate Governance Code. The Supervisory Board currently comprises five members, whose profiles are provided under Supervisory Board in the chapter Governance.

In 2014, Mr. van der Graaf’s term as Supervisory Board member and Chairman of the Supervisory Board expired. At the Annual General Meeting of 10 March 2014, Mr. Van der Graaf was reappointed as Supervisory Board member and Chairman of the Supervisory Board for an additional term of four years.

At the end of the Annual General Meeting on 8 May 2015, Mr. Groot’s term will expire. Mr. Groot is eligible and available for reappointment and fits the Supervisory Board profile. In view of Mr. Groot’s extensive experience, knowledge, dedication and valuable input in the Supervisory Board meetings, the Supervisory Board intends to issue a non-binding nomination for reappointment.

During 2014, no changes took place in the composition of the Management Board.

Diversity, including gender, will be an important consideration in the selection process for the appointment and reappointment of Management Board and Supervisory Board members, but at the same time, quality, expertise and experience will remain the key priorities.