Annual report 2018

56 | Galenica annual report 2018 Management The Board of Directors has delegated the management of the company to the CEO in accordance with the Organisa- tional Regulations. The CEO assumes operational manage- ment of the Galenica Group and heads the Corporate Exe­ cutive Committee. The Board of Directors maintains regular contact with the CEO and the members of the Corporate Executive Committee and sometimes invites them or just the CEO to attend its meetings when relevant items are to be discussed. At each meeting, the members of the Corporate Executive Committee are invited to report on their respective Business sectors and to discuss important business matters with the Board. Duties of the CEO The CEO is responsible for implementing the strategic and operational objectives approved by the Board of Directors, for preparing the budget and ensuring that it is met, and for the management of the Group. The CEO leads the Corporate Executive Committee and reports to the Chairman. Together with the Chairman, he prepares the information for the meetings of the Board of Directors. At these meetings, the CEO submits important strategic, HR-related and financial business cases to the Board for consultation and decision-making. The CEO also represents Galenica externally. Corporate Executive Committee The instructions and resolutions of the Board of Directors are implemented for each of the Group’s Business sectors by the Corporate Executive Committee under the leadership of the CEO. The Board sets appropriate objectives for the CEO and those members of the Corporate Executive Com- Corporate Governance Leadership organisation Felix Burkhard CFO Jean-Claude Clémençon CEO Jean-Claude Clémençon Head of Health & Beauty Segment Thomas Szuran Head of Products & Brands Business sector Christoph Amstutz Head of Services Business sector Daniele Madonna Head of Retail Business sector Christoph Amstutz Head of Services Segment Jörg Kneubühler Chairman of the Board of Directors Status: January 2019 Galenica