(Re)appointment Scheme

Members of the Board of Management and the President/CEO are appointed for a maximum term of four years, it being understood that this maximum term expires at the end of the following general meeting of shareholders to be held in the fourth year after the year of their appointment or, if applicable, on a later pension or contractual termination date in that year, unless the General Meeting of Shareholders resolves otherwise.

 

Re-appointment is possible for consecutive maximum terms of four years.

 
 

(Re)appointment Scheme Board of Management

Name
Date of initial Appointment
Date of (last) Reappointment
End of Term*
Frans van Houten
April 1, 2011
May 7, 2015
May 7, 2019
Pieter Nota
April 1, 2011
May 7, 2015
May 7, 2019
Abhijit Bhattacharya
December 18, 2015
December 18, 2019
* As laid down in the Articles of Association