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.

Jens Ismar (1957) - Independent director

Jens Ismar is the Chief Executive Officer at Western Bulk, a Norwegian bulk shipping company with a commercially controlled fleet of about 100 ships, mostly focused in the Handymax segment. Prior, he was a Director at BW Gas, a gas marine transportation services provider that owned and operated LPG and LNG carriers. Mr. Ismar has over 25 years of experience working in different capacities in the oil and gas industry. Jens started his career as a broker assistant in Inge Steensland, before spending two years in New York as shipping department manager in G.D.O. Industries. From 1984 to 2001 he held various positions in Stemoco Shipping/ Lorentzen & Stemoco, where he from 1997 was Managing Director. Mr. Ismar has a Business Degree from Lund University, Sweden. He is Chairman of the Oslo Shipowners' Association.

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.