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 | The board of directors comprises at least five members elected by the annual shareholders' meeting for a term of one year. The board estabilishes the strategic, accounting, organizational and financing policies to be followed by the company.
|  |  |  First elected 2005, elected until 2008 Graduated in economics and business administration, Bocconi University, Milan. Master of science in economics, London School of Economics Held positions with First National Bank of Chicago, World Bank, Washington, Pirelli Group, Basle and Milan, and Finarvedi Group from 1977 until 2006 Managing Director Barguzin Participation SA, Luxemburg, since 2005 CFO of the Magnetto/CLN Group, Turin, since 2006
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 |  |  First elected 2004, elected until 2008 Graduated in economics, Ca’Foscari University, Venice Held management positions with manufacturing companies in Austria, France, Germany, Italy and Turkey from 1996 until 2001 Chairman Billion SA - Mannesmann Plastic Machinery, France, until 2004 Chairman Barguzin Corporation NV, Curaçao, since 2004
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|  |  |  First elected 2007, elected until 2008 Ph.D. in law from the University of Zurich (1990), attorney at law (1985), LL.M. University of the Pacific, McGeorge School of Law (1986) Chairman Banca del Gottardo, Switzerland, since 2005 Vice-Chairman of Charles Vögele Holding AG, Switzerland Member of the board of Austriamicrosystems, Austria, since 2004 Senior partner of Bär & Karrer, attorneys at law, Zurich, Geneva, Lugano, Zug, London, since 2003
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|  |  |  First elected 2002, elected until 2008 Lic.oec. HSG Held various positions within the Credit Suisse Group from 1987 until 2004 Member of the Executive Committee, Vontobel Asset Management AG, Zurich, since 2004 |
|  |  |  First elected 2004, elected until 2008 Graduated in economics and political sciences, Bocconi University, Milan Held positions with Banca del Ceresio, Lugano, Merrill Lynch International Bank, London, and Merrill Lynch Mercury Asset Management, London from 1998 until 2000 Managing Director of Banca del Ceresio, Lugano since 2000 Director of Belgrave Capital Management, London, since 2003
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* Chairman of the Audit Committee ** Member of the Audit Committee

|  |  First elected 1977, elected until 2007 Economist CFO Carlo Gavazzi Group from 1978 until 1983 CEO Carlo Gavazzi Omron from 1983 until 1986 CEO & Group Executive Components Business Unit from 1986 until 1990 CEO Carlo Gavazzi Group from 1991 until 1997 Chairman of Carlo Gavazzi Holding AG from 2003 until 2007 Chairman of Coplax Industrie AG, Zug, CH, since 2004 Owner of management consulting company since 1997 Honorary Chairman of Carlo Gavazzi Holding AG since July 2007
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