Baron Philippe Bodson (1944) - Chairman/non-executive director

Baron Philippe Bodson holds a diploma of civil engineer (Université de Liège) and a Master Degree in Business Administration (MBA) in l'Insead. In 1977, Philippe Bodson joined Glaverbel where he was Managing Director from 1980 till 1989. As from 1989 till 1999, he was Managing Director of Tractebel and President of Electrabel and Distrigaz. From 1999 till 2003, he was senator in the Belgian Senate. At present, Philippe Bodson is President of the board of directors of Floridienne and Hamon, President of Free Fair Post Initiative (NGO), President of the Board of Directors of EXMAR, member of the Board of Directors of AEI (Houston), Bluesky, Cobepa and advisor of Credit Suisse.

Isabelle Vleurinck - Independent director

Isabelle Vleurinck holds a master degree in Applied Economic Sciences from the KU-Leuven and a diploma of Financial Analyst of the Belgian Association of Financial Analysts.

She started her career in the Corporate Finance department with Bank Degroof. In 1992 she joined Almabo/CMB group where she was project coordinator within the finance department until 2004.
She is now member of the board of Axis Group and is a volunteer counselor to the Aid to Victims team for East-Flanders.


Michel Delbaere (1953) - Independent director

 Michel Delbaere holds a master degree in law (Catholic University of Leuven – 1975) and a master degree in economic sciences (Catholic University of Louvain – 1975).

He started his career as management trainee and account manager at the Morgan Guaranty Trust Company of New York.

He’s the founder and managing director / director of: Crop’s N.V. (Belgium), Hesbayefrost S.A. (Belgium), Monliz S.A (Portugal and Spain), MDC Foods Ltd (UK), Crop’s & Partners (Serbia) and Messem (the Netherlands and Morocco).

He’s also a member of the Regional Board of Directors of BNP Paribas Fortis. He’s a member of the Executive Committee of the VBO (Alliance of Belgian Companies). He’s a member of the Board of Directors and honorary chairman of Voka (Flemish network of companies). He’s also a member of the Board of Directors of Sioen Industries, SD Worx, Delcredere and Montea.