Board of Directors

The Board of Directors of Bellevue Group AG consists of the following persons as per December 31, 2021:

¹⁾ Further information on the committees is given below under «Internal organization».
²⁾ Chair Audit & Risk Committee.
³⁾ Chair Compensation Committee.

No member of the Board of Directors of Bellevue Group AG had any operational management responsibilities for the company or a subsidiary in 2021 or in the three preceding financial years, nor do they maintain any significant business relationships with the company or a subsidiary.

Board member Dr. Rupert Hengster did not stand for reelection at the Annual General Meeting on March 24, 2020.

CHAIRMAN OF THE BOARD

Veit de Maddalena

Veit de Maddalena has many years of leadership experience in the financial industry and is now exclusively active as an independent director on the boards of several family-owned companies and as a trustee. He was elected to the Board of Directors of Bellevue Group in 2018 and has served as its chairman since 2019. Earlier in his career Veit de Maddalena was a Global Partner and Executive Board member with Rothschild & Co Group, where he was responsible for its global private banking business. He concurrently acted as CEO of Rothschild & Co Bank AG, Switzerland. He began his professional career at Credit Suisse.

Other mandates: Veit de Maddalena is Chairman of the Board of Directors of Klosters Madrisa Bergbahnen AG, Switzerland, and VR Motion AG, Switzerland. In addition, he is a Member of the Board of Directors of Quattro Stelle SA SICAV, Luxemburg.

MEMBER OF THE BOARD

Dr. Daniel H. Sigg

Daniel Sigg held various senior management positions in asset management and consulting. As Global Head at UBS, Daniel Sigg was responsible for institutional asset management before joining the board of Times Square Capital Management in New York in 2000. Today, he is active in financial advisory services as a Principal of DHS International Advisors LLC. In 2007, he joined the Board of Directors of Bellevue Group.

Other mandates: Daniel Sigg is Chairman of the Board of Directors of Laguna Trustees Ltd., Jersey. In addition, he is a Member of the Board of Directors of Bellevue Funds (Lux) SICAV, Luxemburg, 2XIdeas US Inc., United States of America, as well as Member of the Advisory Board of Metropolitan Partners Group, United States of America.

MEMBER OF THE BOARD

Dr. Urs Schenker

A doctor of law from the University of Zurich and Harvard (LLM), he is a titular professor at the University of St. Gallen and an attorney at Walder Wyss in Zurich, where he specializes in corporate, finance and capital markets law. Urs Schenker has been a member of the Board of Directors of Bellevue Group since 2019.

Other mandates: Dr. Urs Schenker is Chairman of the Board of Directors of Swisa Holding AG, Switzerland. In addition, he is a Member of the Board of Directors of Capital Dynamics AG, Switzerland, Geschäftshaus City AG, Switzerland, Ufenau Capital Partners AG, Switzerland, and Meyer Burger Technology AG, Switzerland.

MEMBER OF THE BOARD

Katrin Wehr-Seiter

Katrin Wehr-Seiter is Partner and Managing Director of BIP Capital Partners and BIP Investment Partners SA, Luxembourg. Previously, she was a Principal at the international private equity firm Permira and worked as an indipendent advisor for medium-sized companies and as a Senior Advisor for the financial investor Bridgepoint. She started her professional career at Siemens AG. Since 2019, she has been a member of the Board of Directors of Bellevue Group.

Other mandates: Katrin Wehr-Seiter is a Member of the Board of Directors of SES S.A. Luxemburg, as well as various non-listed companies in Germany and Luxemburg.

Election procedures

All members of the Board are elected individually by the general meeting of shareholders. The Board of Directors constitutes itself. The members of the Board of Directors are elected to a term of one year and may be reelected. There is no restriction in the number of reelections.

Statutory rules in relation to the number of permissible activities of the Board of Directors pursuant to Article 12(1)(1) VegüV

Pursuant to Article 32 of the Articles of Association, the members of the Board of Directors may each execute a maximum of 20 activities, of which a maximum of five in listed companies. Excluded from this are activities in legal entities controlled by the company or which control the company. Also excluded from the restrictions are activities in foundations, charitable institutions and employee pension funds; however, these are restricted to a maximum of ten such activities.

The term activity in the meaning of this provision describes the membership in the supreme managerial and administrative bodies of legal entities which are obliged to register themselves in the commercial register or in a corresponding foreign register. Several activities in legal entities which are under unitary control or under the control of the same beneficial owner are considered to be one activity.