Executive Committee

The Executive Committee is headed by the Managing Director, Jean-Edouard Carbonnelle (CEO). He is assisted by 3 Directors - Messrs Xavier Denis (COO) and Marc Hellemans (CFO) and Mrs Françoise Roels (Secretary General & Group Counsel). Each Committee member, therefore, has a quite specific area of responsibility.

The Committee meets every week and is responsible for the operational management of the company. Its role is to:

• Propose the company strategy to the Board of Directors
• Execute this strategy, 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

Jean-Edouard Carbonnelle - Chief Executive Officer

Jean-Edouard Carbonnelle joined Cofinimmo in 1998. Before that, he worked in the group Société Générale de Belgique, first in this holding company as Strategic Planning Coordinator chiefly for subsidiaries in the sectors cement, transport, iron and steel, and trading, and subsequently as Director and Chief Financial Officer of Diamant Boart (abrasive tools) and member of the Executive Committee of Sibéka (diamonds) and lastly, as Investor Relations Manager at Union Minière (non-ferrous metals). He began his professional career in the sphere of industrial project financing at the World Bank. He is a Commercial Engineer (Solvay Business School 1976) and holds a Master of Business Administration (Wharton 1977).

Xavier Denis - Chief Operating Officer

Today responsible for all operations relating to the Cofinimmo property portfolio, Xavier Denis joined Cofinimmo in 2002 as Head of Project Development & Area Manager. Before that, he worked at the Chapman Taylor and HOK Sport architectural practices in London. He is a Civil Engineer Architect (UCL 1996) and holds a Master of Business Administration (Insead 2002).

Marc Hellemans - Chief Financial Officer

Marc Hellemans joined Cofinimmo in 2000 as Head of Corporate Finance and International Development. Before that, he was Senior Auditor at Deloitte. He is a graduate in commercial engineering (Solvay Business School - ULB 1996) and followed the INSEAD International Executive Program (IEP May-July 2006).

Françoise Roels - Secretary General and Group Counselor

Françoise Roels joined Cofinimmo in 2004 as Secretary General & Group Counsellor. She is leading Cofinimmo's legal department and is in charge of the Secretary General of the Company. Besides that, Françoise Roels is responsible for the shareholders relations and for the interactions with the Belgian financial control authorities. She is a member of the Executive Committee. Before joining Cofinimmo, Françoise Roels worked for Loyens, Euroclear / JP Morgan and the Belgacom Group. She was responsible for fiscal matters, Corporate Governance and the legal management of subsidiaries. She obtained a Law Degree and a degree (candidate) in Philosophy (RUG, State University Ghent 1984) and a Tax Degree (E.S.S.F. Brussels Ecole Supérieure des Sciences Fiscales 1986).