The Nominations and Remunerations is a standing committee of the Supervisory Board, which main purpose is assisting the Supervisory Board with supervising and monitoring the Group Management Board of the Company by overseeing, advising and preparing decisions on the following specific matters:
- Company’s remunerations strategy for the members of the Group Management Board and Supervisory Board of the Company ;
- administration of stock-based compensation plans; and
- composition of the Supervisory Board ;
- corporate governance matters.
The Nominations and Remunerations Committee consists of at least two members and is currently composed of the following members: Mr. Alexander SATOR (Chairman), Mr Francesco SERAFINI, Mr. Yves KERVEILLANT. All of them are indepedent.
Alexander Sator has a degree in physics and is an inventor of several renowned laser technologies. In 1996, he founded Sator Laser, a company specialized in industrial laser systems and became group technical director when it was acquired by Domino Printing Science, Plc in 2001. In 2005, he became CEO of 4G Systems before selling it to Deutsche Telekom in 2006. He then founded Sapfi Kapital Management, a family office that invests in the telecommunications industry. At the same time, he was active as a strategy advisor for Deutsche Telekom and chairman of Cinterion Wireless Modules, a Siemens spin-off. In 2018, Alexander Sator founded 1nce in joint-venture with Deutsche Telekom, first major IoT operator, of which he has been its CEO ever since.
Francesco Serafini joined Hewlett-Packard in 1981 where he spent most of his career. Until 2005, he held senior positions in the group such as senior vice president for HP Services and senior vice president of HP Technology Solutions Group for Europe and the Middle East. In 2005, he became head of Hewlett-Packard European operations, and in 2009, became the group’s executive vice president in charge of emerging markets.
Yves Kerveillant is a graduate of HEC and holds the diploma of Chartered Accountant. Prior to joining the Equideals consulting firm and taking over its presidency in 2009, Yves headed for over 20 years a leading group of accounting firms. In parallel, he is the statutory auditor of 80 companies, several of which are listed on the stock market. His areas of expertise include business development assistance, advice on M&A related to small or medium firms as well as the elaboration of recovery and restructuring plans.