Structure and responsibilities

GrandVision has a two-tier governance structure consisting of a Management Board and a Supervisory Board. Currently, the Management Board consists of the CEO and the CFO, while the Supervisory Board is made up of five Supervisory Directors.

Management Board

The Management Board is responsible for the achievement of GrandVision’s objectives, including those related to the areas of strategy, policy, quality and sustainability as well as the day-to-day operation of the Company. In performing its duties, the Management Board is guided by the interests of GrandVision and all of its stakeholders.

Supervisory Board

The Supervisory Board oversees GrandVision’s overall performance, including the policies pursued and results achieved by the Management Board. It monitors the Company’s financial situation and reviews the financial statements and the strategy pursued by the Management Board. It approves important proposals for capital expenditures, acquisitions, divestments and changes to financial and other corporate policies, as well as the annual budget and long term plan.

The Supervisory Board also has the responsibility to evaluate the performance of the Management Board and the CEO and CFO individually. It proposes any changes to the composition of the Management Board which it deems necessary to the General Meeting. The Supervisory Board is also responsible for reviewing its own performance and proposing any changes in its composition to the General Meeting. The Supervisory Board ensures that the Company’s policies are formulated and pursued in the interests of all of GrandVision’s stakeholders and that these policies are sustainable and meet ethical standards.

The Supervisory Board appoints an Audit Committee, a Nomination Committee and a Remuneration Committee from among its members. The Supervisory Directors have been carefully selected to ensure that they offer GrandVision a comprehensive range of relevant experience in areas such as international retail, customer service, supply chain management, technology and finance.

Management Board

Theo  Kiesselbach

German national, Mr. Kiesselbach joined the Company in 2002 as CEO of Apollo-Optik and Pearle Central Europe. Following the acquisition of GrandVision SA by HAL, Mr. Kiesselbach was appointed Group CEO of GrandVision SA in 2006. When GrandVision B.V. was incorporated in 2011, he became the CEO of the newly merged company. Since then he has managed GrandVision’s continued international expansion. Mr. Kiesselbach began his career at McKinsey & Co in 1988. From 1998, he held executive roles in a number of German retail companies before joining GrandVision. Mr. Kiesselbach holds a graduate degree in Economics and Engineering and a PhD in International Marketing. He serves on the Supervisory Board of CoolBlue as of 2016.

Paulo  de Castro

A Portuguese national, Mr. de Castro joined GrandVision as CFO in January 2012. Prior to this, he was part of Unilever, which he joined in 1991, working in several positions with increasing levels of responsibility in different European countries. Between 1998 and 2000, he served as Personal Assistant to the Unilever Chairman. From 2000 onwards, Mr. de Castro served as Vice-President Finance in France and subsequently as CFO of Unilever Canada, before taking over as Controller Europe in 2007. From 2009, he assumed responsibility as CFO of the Unilever Supply Chain Company in Switzerland. Mr. de Castro holds a Master’s degree in Biotechnology Engineering and an MBA.

Supervisory Board

Cornelis  (Kees) van der Graaf

A Dutch national, Mr. van der Graaf is a former member of Unilever’s Board of Directors and Executive Committee. He holds non-executive director positions at Carlsberg and EnPro. He is founder and Chairman of FHSD Unlimited, a biotech start-up.

  • Chairman
  • First appointment: 2011
  • Reappointment: 2014
  • Current term of office: up to and including the 2018 Annual General Meeting
  • Member of the Nomination Committee
  • Member of the Remuneration Committee
  • Year of birth: 1950

Melchert (Mel) Groot

A Dutch national, Mr. Groot is Chairman of the Executive Board of HAL Holding N.V. and the former CEO of GrandVision SA and Pearle Europe B.V. He serves on the Supervisory Board of Safilo, the world’s second largest manufacturer and distributor of frames and sunglasses, and was the Chairman from 2011 to 2014 of AudioNova International, one of Europe’s leading hearing aid retailers. In addition, he is Vice-Chairman of the Supervisory Board of Koninklijke Vopak N.V. and a member of the Supervisory Board of Anthony Veder Group N.V.

  • Vice-Chairman
  • First appointment: 2011
  • Reappointment: 2015
  • Current term of office: up to and including the 2019 Annual General Meeting
  • Chairman of the Nomination Committee
  • Chairman of the Remuneration Committee
  • Year of Birth :1959

Peter Bolliger

A Swiss national, Mr. Bolliger is the former CEO of UK shoe retailer Clarks. Before joining Clarks, he was the Managing Director of Harrods. During that same period, he also served as Chairman of Kurt Geiger and Executive Director of House of Fraser. Mr. Bolliger is currently a non-executive director at Stella International, a leading developer and manufacturer of quality footwear products, based in Hong Kong and serves as the Chairman of the Supervisory Board of Kurt Geiger.

  • First appointment: 2011
  • Reappointment: 2013
  • Current term of office: up to and including the 2017 Annual General Meeting
  • Member of the Audit Committee
  • Year of Birth: 1945

Jeffrey (Jeff)  Cole

A US national, Mr. Cole is the former Chairman and CEO of Cole National Corporation, a leading optical retailer in North America. He currently serves as a non-executive board member for Safilo, the world’s second largest manufacturer and distributor of frames and sunglasses, and Hilco, a US-based manufacturer and distributor of eyewear accessories. He is also Trustee of the Cole Eye Institute, which forms part of the Cleveland Clinic, one of the leading eye research and treatment centers in the United States.

  • First appointment: 2011
  • Reappointment: 2015
  • Current term of office: up to and including the 2017 Annual General Meeting
  • Year of Birth : 1941

Willem  Eelman

A Dutch national, Mr. Eelman is the former CFO and current Chief Operations Transformation Officer of C&A Europe, a leading clothing retailer in Europe and a number of developing and emerging markets. Prior to joining C&A, he worked at Unilever in several senior commercial and financial roles. His most recent roles at Unilever included CFO Europe (2007-2010) and CIO (2010-2014).

  • First appointment: 2011
  • Reappointment: 2016
  • Current term of office: up to and including the 2020 Annual General Meeting
  • Chairman of the Audit Committee
  • Year of Birth : 1964

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