Structure and Policies

GrandVision has a two-tier governance structure consisting of a Management Board and a Supervisory Board. Currently the Management Board includes two Managing Directors and the Supervisory Board includes 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 and the day-to-day running of the company. In performing its duties, the Management Board is guided by the interests of GrandVision and all its stakeholders.

Supervisory Board

The Supervisory Board supervises 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 responsibility for evaluating the performance of the Management Board and the individual Managing Directors. 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 interest of all of GrandVision's stakeholders and that these policies are sustainable and meet the highest 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 full range of relevant experience in areas such as international retail, customer service, supply chain management and finance.

Management Board

Theo  Kiesselbach

A German national, Mr. Kiesselbach joined the Group in 2002 as CEO of Apollo-Optik and Pearle Central Europe. Following the acquisition of GrandVision SA by the HAL Group, Mr. Kiesselbach was appointed Group CEO of GrandVision SA in 2006. When GrandVision BV was created in 2011, he became the CEO of the newly merged Group. Since then he has managed GrandVision’s continued international expansion. Mr. Kiesselbach began his career at McKinsey & Co. in 1988. As of 1998 he held executive roles at a number of German retail companies before joining the Group. Mr. Kiesselbach has a graduate degree in Economics and Engineering and a PhD in International Marketing.

Paulo  de Castro

A Portuguese national, Mr. de Castro joined the Group as CFO in January 2012. Prior to this, he was part of the Unilever Group, which he joined in 1991. From 2003, he served as CFO of Unilever Canada, before taking over as VP Unilever Finance and Controller Europe in 2007. From 2009, he assumed responsibility as CFO of the Unilever Supply Chain Company. Mr. de Castro has 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 serves as Chairman of the Supervisory Board of MYLAPS Sports Timing and the University of Twente. In addition, he holds supervisory board or non-executive positions at Carlsberg, Ben & Jerry's, EnPro Industries and OCI. He currently is the Director of Los Gravos and Los Gravos Investments.

  • 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

Melchert (Mel) Groot

A Dutch national, Mr. Groot is Chairman of the Executive Board of HAL Holding and the former CEO of GrandVision SA and Pearle Europe BV. He serves on the Supervisory Board of Safilo, the world's second largest manufacturer and distributor of frames and sunglasses. He is the Vice Chairman of the Supervisory Board of Royal Vopak, and member of the Supervisory Board Anthony Veder, a gas shipping company.

  • Vice-Chairman
  • First appointment: 2011
  • Reappointment: 2012
  • Current term of office: up to and including the 2015 Annual General Meeting
  • Chairman of the Nomination Committee
  • Chairman of the Remuneration Committee

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.

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

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 also is a 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: 2014
  • Current term of office: up to and including the 2017 Annual General Meeting

Willem  Eelman

A Dutch national, Mr. Eelman is the CFO 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: 2014
  • Current term of office: up to and including the 2016 Annual General Meeting
  • Chairman of the Audit Committee

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