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CORPORATE GOVERNANCE STATEMENT
Executive committee
The Executive Committee, in accordance with Article 524bis of
the Company Code, is composed, apart from its Chairman Mr.
Jean-Edouard Carbonnelle (CEO), of two Executive Directors, Mr.
Xavier Denis (COO) and Mrs. Françoise Roels (Secretary General &
Group Counsel), and of Mr. Jérôme Descamps (CFO). Each member
of the Executive Committee has a specific area of responsibility.
The Committee meets weekly. It is responsible for the company’s
operational management.
In accordance with Article 14 of the Law of 12.05.2014 concerning
Regulated Real Estate Companies, the members of the Executive
Committee are effective directors within the meaning of this
Article and are also responsible for the day-to-day running of the
company.
The Executive Committee’s operating rules are detailed in its char-
ter, which can be viewed on the website
www.cofinimmo.com.
Role of the Executive Committee
Its role is to:
•
propose the company strategy to the Board of Directors;
•
execute the strategy retained by the Board of Directors,
including the decisions to acquire or dispose of buildings or
shares of real estate companies;
•
carry out the day-to-day management of the company and
report on these matters to the Board of Directors.
Current composition
Jean-Edouard Carbonnelle
Chief Executive Officer
Joined Cofinimmo in November 1998 as Chief Financial Officer
and was appointed Chief Executive Officer in 2012. Before that,
he worked for the Group Société Générale of Belgium, first in the
holding company and subsequently as Director and Chief Financial
Officer of the Diamant Boart Group (abrasive tools) and lastly,
briefly, as Investor Relations Manager at Union Minière (non-ferrous
metals). He began his professional career in the department of
industrial and mining projects at the World Bank. He is a graduate
in Commercial Engineering (Solvay Business School - ULB 1976)
and holds a Master of Business Administration (Wharton School -
University of Pennsylvania 1977).
Xavier Denis
Chief Operating Officer
Joined Cofinimmo in 2002 as Head of Project Development and Area
Manager. Before coming to Cofinimmo, he worked as an architect in
London between 1996 and 2001 at Chapman Taylor and HOK Sport,
which became Populous. He has 15 years of experience in tech-
nical, financial and commercial management of property projects
and portfolios. He is a Civil Engineer Architect (Catholic University
of Louvain 1996) and holds a Master of Business Administration
(INSEAD 2002).
Jérôme Descamps
Chief Financial Officer
Joined Cofinimmo in October 2014. He previously worked as Chief
Financial Officer for Société de la Tour Eiffel, a SIIC (Société d’In-
vestissement Immobilier Cotée) listed on Euronext Paris. Before
that, he worked as Chief Financial Officer at the Awon Group (Soros
Real Estate) and as Management Controller for ISM (a real estate
company owned by GDF Suez, then by General Electric Capital).
He is MRICS certified (member of the Royal Institute of Chartered
Surveyors) and a graduate of the École Supérieure de Gestion de
Paris (Finances).
Françoise Roels
Secretary General & Group Counsel
Joined Cofinimmo in August 2004. She is the head of the legal
department and is in charge of the Company’s General Secretariat.
She is responsible for Cofinimmo’s compliance and risk manage-
ment functions, as well as aspects connected with shareholders
and relations with the Belgian financial supervisory authorities.
She also supervises the company’s human resources and tax
departments. Before coming to Cofinimmo, Françoise Roels
worked for the law firm Loyens, for Euroclear/JP Morgan and for the
Belgacom Group. She was responsible for tax affairs and Corporate
Governance. She is a law graduate (RUG 1984), examinee in philos-
ophy (RUG 1984) and holds a master’s diploma in taxation (Ecole
Supérieure des Sciences Fiscales 1986).
Françoise Roels
Jean-Edouard Carbonnelle
Jérôme Descamps
Xavier Denis
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