OREANDA-NEWS. By letter dated 4 November 2015, the Board of Governors was invited to vote on the proposed appointment.

The decision to appoint Mr Pieter-Jan van Steenkiste was taken on 25 November 2015, the date on which the requisite majority of Governors' votes was reached.

The term of office of Mr Pieter-Jan van Steenkiste expire in 2018 at the end of the day either of the Annual Meeting or of the approval of the financial statements for the previous financial year, whichever is the later.