OREANDA-NEWS. The Boards of Directors of Dexia SA and of Dexia Crdit Local SA, which have met on 17 December 2015 under the chairmanship of Robert de Metz, have decided to further simplify the Group's governance.

Management Boards of Dexia SA and Dexia Crdit Local SA

From 1 January 2016 onwards, the composition of the Management Board of Dexia SA and Dexia Crdit Local SA will be identical. The Dexia SA Executive Committee is merged into the Management Board of Dexia SA. As a result, the Management Board of Dexia SA and Dexia Crdit Local SA, chaired by Karel De Boeck, shall include:

  • Claude Piret, with responsibility for assets,

  • Benot Debroise, with responsibility for funding and markets,

  • Pierre Vergnes, Chief Financial Officer, with responsibility for finance,

  • Johan Bohets, Chief Risk Officer, with responsibility for risk.

The Compliance, Permanent Control, Corporate Affairs and Legal functions report directly to the Chief Executive Officer.

Dexia SA's Group Committee

The Group Committee is composed of the members of the Management Board and the managers in charge of communication, operations and information systems, financial management, risk quantification and reporting, human resources and transformation.

The Auditor General attends the Group Committee as a non-member.

The managers of the international entities are invited to attend the Group Committee meetings.

The simplification of the governance of the Dexia Group will take effect on 1 January 2016.

Annexe 1: Composition of the governance bodies

Composition of the Dexia SA Management Board as of 1 January 2016

Karel De Boeck, Chief Executive Officer and Chairman of the Management Board

Johan Bohets, CRO, with responsibility for risk

Benot Debroise, with responsibility for funding and markets

Claude Piret, with responsibility for assets

Pierre Vergnes, CFO, with responsibility for finance, and Executive Director

Composition of the Management Board of Dexia Crdit Local SA as of 1 January 2016

Karel De Boeck, Chief Executive Office and Director

Johan Bohets, CRO, with responsibility for risk

Benot Debroise, with responsibility for funding and markets

Claude Piret, with responsibility for assets, Executive Vice President and Director

Pierre Vergnes, CFO, with responsibility for finance, Executive Vice President and Director

Composition of the Group Committee of Dexia SA as of 1 January 2016

The members of the Management Board of the two entities, as well as:

Gatane Albert, with responsibility for human resources

Thomas Guittet, deputy CRO, with responsibility for risk quantification and reporting

Vronique Hugues, with responsibility for financial management

Wim Ilsbroux, with responsibility for transformation

Caroline Junius-Tchekhoff, with responsibility for communication

Christine Lensel-Martinat, COO, with responsibility for operations en information systems

Rudi Sneyers, Auditor General, attends the Group Committee as a non-member.