Board of Directors

Corporate Governance

Members of the Board of Directors

Members of the Board during the term of office that started at the end of the Extraordinary Gemeral Meeting on November 7, 2018 and will end at the end of the Annual General Meeting to be held in the financial year 2019 are presented below.

It is the view of the Board of Directors that all the Board members are independent of the Company but that they are not independent of the Company’s major shareholder, which reflects the fact that Kildare Nordic Acquisitions S.à r.l. holds more than nine-tenths of all the shares in the Company as well as the ongoing process for Kildare Nordic Acquisitions S.à r.l. to acquire all of the issued and outstanding shares of the Company.

Paul Patel

Board member since 2018, born 1969. Mr. Patel is the President of Curzon Advisers whereby he is responsible for all asset management and liquidation activities for Kildare European Partners I and Kildare European Partners II.

His previous experience includes over 12 years with Lone Star Funds / Hudson Advisors in numerous managerial positions. After departing Lone Star in 2008, Mr. Patel assisted the founder of Kildare Partners, Mr. Ellis Short, in evaluating various investment opportunities in the UK as well as managing a U.S. high-yield portfolio for his own account before forming Curzon in 2013.

Mr. Patel holds a BA degree from Claremont McKenna College (US)and an MBA degree from the University of Chicago (US).

Sebastian Woitas

Board member since 2018, born 1978. Mr. Woitas is a Managing Director of Curzon Advisers and is predominantly focused on management and sales of assets in Germany, Sweden and the Netherlands.

Prior to joining Curzon in 2015, Mr. Woitas served as Head of Asset Management at GE Capital Real Estate Germany, numerous management positions at Jones Lang LaSalle and served also at Bilfinger & Berger and Deutsche Bank.

Mr. Woitas holds an M.Sc. in Real Estate Management from Reading University (UK) and University of Wuppertal (Germany), a Diploma in Economics and Civil Engineering from the University of Applied Sciences in Leipzig (Germany) and is qualified as a professional member of the Royal Institution of Chartered Surveyors (MRICS).

Louis Paletta

Board member since 2018, born 1957. Mr. Paletta is a founding partner and the Chief Operating Officer of Kildare Partners.

Prior to the formation of Kildare in 2013, he spent 20 years with Lone Star Funds and its predecessor organizations where he served in various capacities including Senior Managing Director of Investor Relations, Chairman of the Audit Committee and Director of Closing and Financing. Prior to Lone Star, Mr. Paletta served as the Director of Internal Audit for Brazos Asset Management, Inc., Senior Audit Manager of American Savings Bank and several positions at Deloitte & Touche, LLP.

Mr. Paletta holds a BBA degree in Accounting from Texas A&M University (US).

Davy Toussaint

Board member since 2018, born 1986. Mr. Toussaint is a director of Kildare Holdings Luxembourg S.à r.l. and is responsible for day-to-day oversight of the Kildare Luxembourg office.

He has worked in the trust industry and financial sector in Luxembourg for several years before joining Kildare Partners in 2015. Over time, he has held management positions in companies active in the real estate, oil and gas, telecom, entertainment and private equity sector amongst others.

Mr. Toussaint holds an Accounting, Finance and Management degree.

Henri Guelff

Board member since 2018, born 1978. Mr. Guelff is a director of Kildare Holdings Luxembourg S.à r.l. and is actively involved in the accounting and finance functions within the Kildare Luxembourg office.

He has gained extensive experience through prior positions in the Audit, Tax Advisory and Banking industry, as well as with Securitization and Holding companies in Luxembourg for over 16 years before joining Kildare Partners in 2016. He has held several management positions on company boards with a focus on real estate and equity investments.

Mr. Guelff holds an Accounting, Finance and Management degree.

Duties of the Board of Directors

The Board of Directors of Technopolis is responsible for the company’s management and the proper organization of the company´s operations. The Board must always promote the company’s interests and comply with the legislation, official regulations and norms of the society. The Board´s operating procedures and main duties have been defined in the Board’s Charter.

The Board´s duties include deciding on the company’s strategy and major organizational solutions, approving the budget and the guidelines governing the company´s risk management and internal control, deciding on exceptional and far-reaching matters within the field of activities of the company, appointing the CEO and the Management Team members, deciding on their salaries and other benefits, deciding on succession plans for key personnel, major investments and sales of assets, making proposals to the Annual General Meeting on the distribution of profits and monitoring the company’s financial situation and risk position.

The Board annually assesses its own work and success.

Election of Board Members and Term of Office

The composition of the Board of Directors of Technopolis needs to be in line with the requirements of the industry and market conditions. The CEO may not be a member of the Board of Directors.

According to the Articles of Association, the company’s Board of Directors comprises at least four and at most seven members. The annual general meeting elects the Board members. A Shareholders’ Nominating Committee prepares proposals on the composition and remuneration of the Board of Directors to the Annual General Meeting.

According to the Articles of Association, the annual general meeting elects the Chairman and the Vice-Chairman of the Board.

The term of a Board member will expire at the end of the next annual general meeting following their election.

Information on the holdings of the Board members

Last updated 22.11.2018