Marnix Galle - Executive Committee

Marnix Galle*

Chief Executive Officer and Executive Chair
Chair of the Nomination Committee
Chair of the Executive Committee
Chair of the Investment Committee
Chair of the Acquisition Committee

* Mandate executed by the company A³ Management BV, represented by Marnix Galle.

After studying economics at Tulane University in New Orleans, Louisiana, USA, Marnix began his professional career in 1987 at Cegos Belgium as a consultant. In 1989, he took his first steps in the real estate sector (family portfolio). His own company Allfin (°2001) became one of the leading real estate developers in Belgium. In 2014, Allfin took a 29% stake in Immobel, listed on Euronext since 1863. Following the merger between Allfin Group and Immobel in 2016, he became its Executive Chair. Since 1 July 2020, Marnix has been chairing Urban Land Institute (ULI) Europe. He is a director, member and trustee of several leading European and American associations.

Patrick Albrand

Member of the Board of Directors
Member of the Audit & Risk Committee
Member of the Investment Committee

Mr. Albrand joined Hines in 1995 and was instrumental in the creation and supervision of its French subsidiary. He has been active in the overall development of Hines France, both in the Development and the Investment Management activities. Prior to working at Hines, Mr. Albrand was the Director in charge of Development at Bouygues Real Estate in Paris (1989-1995), where he arranged joint ventures with outside developers and investors. He was a Senior Research Associate at Lawrence Berkeley Laboratory in Berkeley, California (1983-1987), and prior to that, he was with the Ministry of Interior of Morocco (1980-1982). Mr. Albrand holds a Master of Architecture degree from the Ecole des Beaux-Arts in 1980 and a Master’s degree in Real Estate Development from Columbia University in 1988.

Astrid De Lathauwer

Astrid De Lathauwer*

Member of the Board of Directors
Chair of the Remuneration Committee
Member of the Nomination Committee

* Mandate executed by ADL Comm.V, represented by Astrid De Lathauwer.

Astrid De Lathauwer holds degrees in International Politics and Diplomatic Sciences (KU Leuven), a Bachelor in History of Art (RU Ghent) and completed an Executive MBA at Stanford, California. She brings over 30 years of Human Resources experience in Belgium and abroad for companies such as Proximus, AT&T and Monsanto. Since 2014, she has been the Executive Vice-President Human Resources, and member of the Management Committee, at Ontex. In addition to her mandate as Independent Director and Chair of the Remuneration Committee at Immobel, she also serves on the Board of Colruyt, a Retail company listed on the BEL20, as an Independent Director and Chair of the Remuneration Committee, since 2011.

Wolfgang De Limburg Stirum

Wolfgang de Limburg Stirum*

Member of the Board of Directors
Member of the Audit & Risk Committe

* Mandate executed by LSIM sa, represented by Wolfgang de Limburg.

He obtained an MBA from the University of Chicago, Booth School of Business (USA), a Bachelor in Commercial Engineering and a Master in Applied Economics and Business Administration from the Louvain School of Management. During his 20 years of experience in finance and private equity in Europe and the US, he has invested in numerous sectors, including healthcare, speciality chemicals, niche industries, services, leisure and media. Since 2005, he has been a Managing Partner of Ergon Capital, a mid-market private equity investment company with more than EUR 1.5 billion under management. Prior to this, he had spent most of his career in investment banking (mergers and acquisitions) at Lehman Brothers in New York and London, where he became co-head of the European M&A Healthcare team. He is currently also Director of Haudecoeur, Telenco, Sausalitos, Opseo, SVT, Stationary Care Group and VPK Group.

Pierre Nothomb

Pierre Nothomb*

Member of the Board of Directors
Member of the Remuneration Committee
Chair of the Audit & Risk Committee

* Mandate executed by Pierre Nothomb srl, represented by Pierre Nothomb.

Holder of a degree in Applied Economic Sciences (UCL Louvain-la-Neuve), he joined Deminor more than 30 years ago when it was founded, and has several mandates as a Director of companies or associations including ForSettlement (Fortis), Kimbal, Imperbel, Epsylon, Fondation ULB and various companies in the Deminor group. He is a member of the audit committee of Imperbel and the network of psychiatric care of La Ramée - Fond’Roy. Before joining Deminor in 1991, he worked as a senior auditor at Coopers & Lybrand (now PricewaterhouseCoopers), and subsequently as a financial consultant at Petercam Securities.

Michèle Sioen

Michèle Sioen*

Member of the Board of Directors
Member of the Audit & Risk Committee

* Mandate executed by M.J.S. Consulting bv, represented by Michèle Sioen.

Michèle Sioen holds a Master’s degree in Economics and completed management programmes at Vlerick Business School, among others. Michèle Sioen is the CEO of Sioen Industries, a listed Belgian group specialising in the production of technical textiles and professional protective clothing. She chaired the FEB between 2015 and 2017 and is now Honorary Chair. In addition to her daily involvement with Sioen Industries, she is also a Director of various Belgian listed companies, including D’Ieteren and Sofina, as well as associations such as Fedustria and Vlerick Business School. Finally, she is closely involved in Art and Culture as a chair of KANAL and as a member of the Board of Directors of the Queen Elisabeth Music Chapel.

Olivier Thiel*

Senior Managing Director of France, Germany, Poland and Spain and Head of Development Belgium
Member of the Executive Committee
Member of the Investment Committee
Member of the Acquisition Committee

*as permanent representative of SRL Queen-K.

After studying Construction and Real Estate Management at the Hogeschool Antwerpen, Olivier started his career in real estate brokerage in 2006 before joining the capital markets team of Knight Frank Brussels in 2010. In 2013 he joined Alides REIM as development director, managing their major mixed-use urban projects. He joined the Immobel Group in 2016 as Development director of Immobel Belgium until 2020 and is currently Managing director of Immobel Poland (2019) and Head of Development Belgium (2020). Today he also becomes in charge of Germany, France and Spain. In his capacity as "MD France, Germany, Poland and Spain and Head of Development Belgium", he has been appointed as a member of the Executive Committee, effective 1 January 2023. He replaces Fabien Acerbis, who left the company on 2 December 2022.

Thierry Vanden Hende

Thierry Vanden Hende

Member of the Investment Committee

After obtaining a Master’s degree in Commercial Engineering and Applied Economics at the KU Leuven in 1998, Thierry Vanden Hende studied at Cornell University’s Johnson School of Management for a year, where he earned an MBA. He was subsequently recruited as an analyst by Morgan Stanley Investment Management. He joined their real estate fund in 2005 and became its Managing Director in 2013. In 2017, he left Morgan Stanley and joined MallTech, a company in which Goldman Sachs Special Situations Group has a majority stake and where he holds the position of CIO.

Annick Van Overstraeten

Annick Van Overstraeten*

Member of the Board of Directors
Member of the Remuneration Committee
Member of the Nomination Committee

* Mandate executed by the civil company A.V.O.-Management srl, represented by Annick Van Overstraeten.

Annick Van Overstraeten holds a degree in Economic Sciences (KUL - 1987) and a Master’s degree in Management (IAG-UCL - 1992). She began her career at Philips in 1987 as a project manager in the HR department. Between 1991 and 1999, she worked in the retail sector, in particular in the textile sector (New-D, Mayerline). She then worked as Commercial & Marketing Director at Confiserie Leonidas (1999-2004). From 2010 until 2020, she occupied the position of Chief Executive Officer and Director of Lunch Garden Group. In 2020, she was appointed CEO at Le Pain Quotidien. She is an Independent Director of QSR Belgium NV/SA, Financière de Tubize SA/NV, as well as of Euro Shoe Group NV.

Piet Vercruysse

Piet Vercruysse

Member of the Investment Committee

After technical studies and a law degree (1973, magna cum laude, KUL) Mr Vercruysse was registered at the Bar in Brussels. He was also an assistant at the KU Leuven from 1976 to 1979. He co-founded the law firm Vercruysse & Kadaner. He became an honorary lawyer in 2003 and was a Director of Allfin and Allfin Group between 2004 and 2010. He is a Director of 4 unlisted holding companies.