Composition of the Board of Directors

The authority and responsibilities of the Board of Directors are described in the Internal Rules of the Board of Directors..

On behalf of all shareholders and on the proposal or advice of the Management Board, the Board of Directors lays down the strategy and general policy of the company and the Dexia Group. It also sets the Group’s standards and monitors the implementation of that strategy.

It controls and gives direction to the management of the company and the Group and provides monitoring of risks.

It also ensures that the principles of good governance are respected.

The board’s acts are guided solely by a concern for the interests of the company in relation to the entirety of its shareholders, its customers and staff.

The Board of Directors consists of 17 members, including:

  • 7 independent directors;
  • 1 CEO;
  • 9 non-executive directors who do not perform any management function in the company or any of its subsidiaries (without taking into account the independent directors);

 
Its composition is in accordance with the statutory French and Belgian nature of Dexia SA as it includes as many Belgian as French directors, with each of these nationalities making up at least one third of the board.

  • Jean-Luc Dehaene - 71 years old, Belgian

    Chairman of the Board of Directors, Dexia SA
    Independent director
    Since 2008

    Chairman of the Appointment and Compensation Committee, Chairman of the Strategy Committee
    Beginning and end of mandate: 2009-2013

    Other functions

    ​Politician who exercises different governmental (on federal level) and parliamentary (on European level) functions; Chairman of the board of Directors of the College of Europe; Director of various listed companies (Inbev, Umicore, Trombogenics, Lotus Bakeries, Novovil); Vice-Chairman of the European Convention. Chairman of the Board of Directors of Dexia Crédit Local, Director of Dexia Banque International à Luxembourg, Vice-Chairman of the Board of Directors: Fondation Roi Baudouin.

    Biography

    ​Doctor of Law, University of Namur and K.U. Leuven. He started his professional activities as Association Secretary to the Flanders’ Scouting Federation (Vlaams Verbond van Katholieke Scouts) and became in 1965 member of the Research Department of the Christian Workers’ Union (ACW). Started his political career in 1967, occupying several parliamentary and governmental functions at federal and European level.

  • Pierre Mariani - 55 years old, French

    Chief Executive Officer
    Chairman of the Management Board of Dexia SA
    Member of the Strategy Committee
    Since 2008
    Beginning and end of mandate: 2009-2013

    Main function

    Chief Executive Officer and Chairman of the Management Board of Dexia SA. He is also a member of board of directors of Dexia Crédit Local and Dexia Banque Internationale à Luxembourg.

    Other functions

    Member of the Executive Committee of FBF; Vice-Chairman of AFB; Director of EDF.

    Biography

    ​Graduate in law, former student of the Hautes études commerciales and the Ecole nationale d’administration (ENA). Between 1982 and 1992 he occupied various functions in the Ministry of Economy and Finance. In 1993 he was appointed Director of the Cabinet of the Budget Minister, government spokesman, and head of communication. In 1995 he was appointed Managing Director of the Société française d’investissements immobiliers et de gestion, a real estate company in the Fimalac Group.

    In 1996 he was appointed Managing Director and member of the Management board of Banque pour l’expansion industrielle (Banexi), the commercial arm of BNP, of which he became Chairman of the Management board in 1997. In 1999, he was appointed head of International Retail Banking and, from 2003, head of Financial Services and International Retail Banking of the BNP Paribas Group. He was appointed Deputy Managing Director in 2008 jointly responsible for Retail Banking activities and for the International Retail Services of BNP Paribas.

  • Gilles Benoist - 65 years old, French

    Independent Director
    Director since 1999
    Chairman of the Accounts Committee, Chairman of the Internal Control, Risks and Compliance Committee
    Beginning and end of mandate: 2010-2014

    Main function

    ​Managing Director, CNP Assurances.

    Other functions

    ​Member of the Management Board of the Group Caisse des Dépôts. Chairman of the Fédération française des sociétés anonymes d’assurances. Director and member of the strategy committee of Suez Environnement Company SA.

    Biography

    ​Law degree. Graduate of the Institut d'études politiques de Paris (IEP) and of the Ecole nationale d'administration (ENA). After having been a member of the Management Board and General-Secretary of Crédit local de France since 1987, General-Secretary and member of the Executive Board of Caisse des dépots et consignations from 1993 onwards, he became Chairman of the Management Board of CNP Assurances on July 9, 1998; he was appointed Managing Director when the company’s corporate governance was changed on July 10, 2007.

  • Isabelle Bouillot - 62 years old, French

    Independent Director
    Director since 2009
    Beginning and end of mandate: 2010-2014

    Main function

    President of China Equity Links.

    Biography

    ​A graduate of the French “National School of Administration”, of the Institut d’Etudes Politiques de Paris (IEP) and a post-graduate degree in Public Law. She has occupied different positions in French public administrations, among them economic advisor for the President of the Republic between 1989 and 1991 and Budget Director at the Ministry of Economy and Finance between 1991 and 1995. She joined the Caisse des Dépôts et Consignations as Deputy Chief Executive Officer in 1995 and was in charge of financial and banking activities. Between 2000 and 2003, she was Chief Executive Officer of the Investment Bank of the Group CDC IXIS. She is currently President of China Equity Links and a director of Umicore and Saint-Gobain.

  • Olivier Bourges - 44 years old, French

    Director
    Director since 2009
    Member of the Internal Control, Risks and Compliance Committee, Member of the Strategy Committee
    Beginning of mandate: 2010-2014

    Main function

    ​Deputy Directeur-Général of the Agence des participations de l’Etat (APE).

    Other functions

    ​Director of GDF Suez ; director, member of the Accounts Committee and member of the Compensation Committee of THALES; director, member of the Supervisory Board and member of the Audit Committee of BPCE.

    Biography

    ​Studied at the French Ecole Nationale d’Administration (ENA), the Institut d’Etudes Politiques de Paris (IEP) and holds a Scientific Baccalaureat. From 1992 to 2000 he held various functions in the Treasury Department (Direction du Trésor, Paris), i.e. as deputy head to the Banks Agency from 1992 to 1996 and from 1998 to 2000 as head of the ‘Housing Financing’ Agency (Bureau Financement du Logement). From 1996 to 1998 he was employed as Alternate Executive Director of the World Bank, IBRD. In 2000 he joined Renault, initially as Financial Relations Director, and was subsequently appointed Director of Vehicle Profitability. In 2006 he was made Vice-President, Corporate Planning and Program Management Office at Nissan North America. In 2008 he returned to Renault, as Senior Vice-President and Director of the Management Control Department at group level.

  • Brigitte Chanoine - 46 years old, Belgian

    Independent director
    Director since 2010
    Member of the Accounts Committee
    Beginning and end of mandate: 2010-2014

    Main function

    Professor in Finance and Rector of the ICHEC Brussels Management School.

    Biography

    ​Qualified as a Master in Business Engineering (ICHEC), having a PhD in Finance and being Doctor in Business Administration (IAG – Université Catholique de Louvain), she started her professional activities in 1988 as Health and Safety Manger at General Devices (Indianapolis). Since 1990, she has occupied different positions in the Finance Department of the ICHEC, of which she has been the Rector since September 2008. As a professor at ICHEC and at the Université Catholique de Louvain, she also provides lessons, training and consulting services for companies.

  • Robert de Metz - 59 years old, French

    Independent Director
    Director since 2009
    Member of the Accounts Committee 
    Beginning of mandate: 2010-2014

    Main function

    ​Executive director La Fayette Management Ltd.

    Other functions

    ​Member of the Supervisory Board of Canal+ France; director of Média-Participations (Paris-Brussels) and of L.A. Finances (Paris); chief Executive Officer of Bee2Bees SA (Brussels); member of the Executive Committee of the Fondation Demeure Historique pour l’avenir du patrimoine.

    Biography

    ​A graduate of the Institute of Political Studies and former student at ENA, he began his career in the General Finance Inspectorate. Robert de Metz joined Banque Indosuez in 1983 where he held posts in Hong Kong and in France befor e joining Demachy Worms & Cie. At Paribas since 1991, he exercised many functions, notably mergers- acquisitions before being appointed to the Board of Directors, responsible from London for fixed income, forex and derivatives markets. He was a director at Cobepa from 1993 to 1999. Between 2002 and 2007, Robert de Metz was Deputy Director General of the Vivendi Group in charge of mergers-acquisitions and strategy.

  • Christian Giacomotto - 71 years old, French

    Independent director
    Director since 2009
    Member of the Appointment and Compensation Committee
    Beginning of mandate:20010-2014

    Main function

    ​Chairman of the Management Board of Gimar Finance.

    Other functions

    ​Chairman of the Public Property Auction Council and Vice-Chairman of the National Museums Association.

    Biography

    ​Graduated in higher legal studies, of the Institute of Political Studies in Paris and of the New York University (American Finance), is Chairman of the Management Board of Gimar Finance. He began his career at the Bank of the European Union before becoming Deputy Director General of the CIC in 1982. In 1987 he created the Arjil Bank, of which he became Chairman of the Board of Directors before holding various managerial posts and directorships with the Lagardère Group, then Kleinwort Benson in London, the bank with which he founded Kleinwort Benson, Gimar & Cie in Paris in 1994. He is Chairman of the Public Property Auction Council and Vice-Chairman of the National Museums Association. He is a Commander of the Legion of Honour and Commander of the Order of Arts and Letters.

  • Antoine Gosset-Grainville - 45 years old, French

    Director
    Member of the Accounts Committee
    Beginning of mandate : 07/2010

    Main function

    ​Deputy General Director at the Caisse des Dépôts et des Consignations

    Biography

    ​He holds diplomas from the French « National School of Administration », the University Paris IX Dauphine and the Institut d’Etudes Politiques de Paris (IEP). He began his professional career with the General Inspectorate of Finance, was Deputy Secretary General at the Economic and Financial Committee of the European Union, and advisor on economic and industrial affairs to the office of Commissioner for Trade at the European Commission. From 2002 to 2007 he was partner in the Brussels office of the law firm Gide Loyrette Nouel. He then joined the office of the French Prime Minister as Deputy Director where he stayed until 2010. Currently he is Deputy General Director at the Caisse des Dépôts et des Consignations.

  • Catherine Kopp - 62 years old, French

    Independent director
    Director since 2007

    Member of the Appointment and Compensation Committee
    Beginning and end of mandate: 2008-2012

    Main function

    ​Managing Director Human Resources of the Accor Group.

    Other functions

    ​Director of Schneider Electric.

    Biography

    ​After studying mathematics, she worked for the IBM Group, where she held several management positions (human resources, marketing and sales) before becoming Managing Director and later Chairman and Managing Director of IBM France. From 2001 to 2002, she was head of Human Resources of the LVMH Group. Since 2002, she has been Managing Director Human Resources of the Accor Group and member of the Executive Committee. Catherine Kopp is also member of the board of directors of Schneider Electric. In 2006, the French Prime Minister appointed her member of the High Authority for the Fight Against Discriminations and Equality. Within the Mouvement des Entreprises de France (MEDEF) she led the cross-sector negotiations on Diversity (2006) and on Modernization of the Labor Market (2006), which both resulted in an agreement. Catherine Kopp is Knight of the National Order of the Legion of Honor and Knight of the National Order of Merit.

  • Serge Kubla - 64 years old, Belgian

    Director since 2005
    Beginning and end of mandate: 2010-2014

    Main function

    ​Mayor of Waterloo.

    Other functions

    ​Director of Dexia Bank Belgium.

    Biography

    ​Solvay business school (three out of four years). From 1976 a councilor for Waterloo, where he was alderman with responsibility for sports and then, from 1982, mayor. Since 1977, he has been active in regional and national politics. In 2002, for half the year he chaired the European Council of Industry. Since 2004, he has been active in regional politics.

  • Olivier Mareuse - 48 years old, French

    Director since 2011
    Member of the Accounts Committee
    Beginning of mandate: 01/2011

    Main function

    ​Chief Financial Officer of the Group Caisse des Dépôts.

    Biography

    ​A graduate of the Institute of Political Studies in Paris and of the Ecole nationale d’administration (ENA), Olivier Mareuse joined the collective insurance department of CNP Assurances in 1988, of which he was appointed technical, administrative and accounting manager in 1989. In 1991, he was appointed project officer to the managing director, in charge of the company’s statute reform programme. From 1993 until 1998, he was head of strategy, management control and shareholder relations, as well as secretary of the Supervisory Board at CNP. In 1999, he was appointed head of Investments with CNP financial department. On 15 October 2010, he was appointed deputy Chief Financial Officer at the Group Caisse des Dépôts before becoming Chief Financial Officer on 15 December 2010.

  • Francine Swiggers - 59 years old, Belgian

    Director since 2007
    Member of the Appointment and Compensation Committee, Member of the Strategy Committee
    Beginning and end of mandate: 2008-2012

    Main function

    ​Chairman of the Management Board of the Group Arco.

    Other functions

    ​Director and Chairman of the Management Board of Arcoplus, Auxipar, Arcopar, Arcofin, Procura vzv. Director of Arcosyn, Aquafin, Interfinance, De Warande vzw, Hogeschool Universiteit Brussel, L’Economie Populaire, Sociaal en Familiaal Toerisme. Director and member of the Audit Committee of VDK Spaarbank. Member of the College of principals of Belgian National Bank. She is also director of Dexia Crédit Local and Dexia Bank Belgium.

    Biography

    ​Graduate in Applied Economics and Master of Business Administration (K.U. Leuven). She has been a member of the Management Board of the Arco Group since 1997 and Chairman of this Board since 2007. Previously she had a 20 career of 20 years at BACOB Bank where she was Head of Strategic Planning from 1995.

  • Bernard Thiry - 56 years old, Belgian

    Director
    Director since 2009
    Member of the Strategy Committee
    Beginning of mandate: 2010-2014

    Main function

    ​Chairman of the Management Board, Ethias and Ethias Droit Commun.

    Other functions

    ​Professor at HEC, the Management College at the University of Liège. Member of the Executive Commission of GEMA. Director of AMICE, AME Holding, AME Ré, AME LIFE LUX AME LUX, AZUR-GMF Mutuelles d’Assurances Associées. Chairman of AUDI, Mateus, Mateus Life, Bel Ré, UAAM. Chairman of the Management Board of LEGIBEL. Director of Ethias Banque and Managing Director of Ethias Finance. Chairman of the Board of Directors of NRB, Director of GIEI, GI. Managing Director of CIDRIEC, Director of SOLIDARIS, Chairman MNEMA vzw, Vice Chairman FEBECOOP.

    Biography

    ​Doctor of Economics from the University of Liège and a graduate from Stanford University, is Chairman of the Management Board of Ethias. He began his career in the Faculty of Economics, Management and Social Sciences of the University of Liège where he was a professor until 2006. Between 2000 and 2001, he was Administrative Director and member of the Management Board of the Belgian Commission for Electricity and Gas Regulation. In 2006, he joined Ethias as Director of International Relations. He became a member of the Management Board in February 2008 and Chairman in October 2008. He is also a professor at HEC, the Management College at the University of Liège.

  • Marc Tinant - 57 years old, Belgian

    Director since 2001
    Member of the Internal Control, Risks and Compliance Committee, Member of the Accounts Committee
    Beginning and end of mandate: 2010-2014

    Main function

    ​Vice-Chairman of the Management Board, Arco Group (Arcofin, Arcopar, Arcoplus).

    Other functions

    ​Vice-Chairman of the Management Board and Director of Arcofin, Arcoplus, Arcopar, Arcosyn, Interfinance; Vice-Chairman of the Board of Directors of Auxipar; Chief Executive Officer and Vice-Chairman of the Board of Directors of EPC; Director of Retail Estates (Sicafi listed in Brussels), Société régionale d’investissement de Wallonie (SRIW), Mediabel SA, SOFATO ASBL, SYNECO ASBL, Barthel Paul Söhne AG; Chief Executive Officer and Director of FINEXPA, CETS ASBL; Member of the Financial Committee of the Université catholique de Louvain (UCL); Director of Dexia Insurance Belgium.

    Biography

    ​Graduate and Master's Degree in economics. Before joining the Arco Group in 1991, he was General Advisor to the Management Board of the Walloon Regional Investment Company.

  • Koen Van Loo - 39 years old, Belgian

    Director since 2008
    Member of the Internal Control, Risks and Compliance Committee, Member of the Strategy Committee
    Beginning and end of mandate: 2009-2013

    Main function

    ​Managing Director and Member of the Strategy Committee of the Société fédérale belge de participations et d’investissement.

    Other functions

    ​Chairman of the Board of Directors of Fedimmo. Director and Member of the Audit Committee of SN Airholding. Director of Zephyr FIN, Certi-Fed, Bel to mundial vzw, Zilver Avenue Participatiemaatschappij nv, Société Belge d’Investissement International, Fonds de reduction du coût global de l’énergie.

    Biography

    ​Graduate in Applied Economics and holds a post-graduate degree in Taxation. He began his career as a Deputy Advisor to the Conseil central de l’économie before joining the Office of the Belgian Minister of Finance as an expert in September 1999. In November 2000 he was appointed Advisor to the Cabinet and was then head of tha Cabinet from May 2003 until November 2006. In November he was appointed Managing Director and a Member of the Strategy Committee of the Société fédérale de participations et d’investissement.

  • Francis Vermeiren - 75 years old, Belgian

    Director since 2004
    Member of the Appointment and Compensation Committee, Member of the Strategy Committee
    Beginning and end of mandate: 2009-2013

    Main function

    ​Mayor of Zaventem (Belgium) since 1983.

    Other functions

    ​Chairman of the Board of Directors of Holding Communal. Director of Elia, Asco Industries, Publi-T, Vivaqua Intercommunale.

    Biography

    ​Former insurance inspector. Former manager of a tax office. Now active in politics at a national level.