Moulay Mhamed Elalamy graduated from the University of British Columbia, Vancouver, with a bachelor’s degree in commerce in 2012. Mr. Elalamy started his career in as an intern consultant for the Boston Consulting Group in Paris. He then worked as a private equity analyst with The Abraaj Group in Dubai and Istanbul, before joining SAHAM Assistance as general manager in Casablanca, Morocco, in 2014. In 2015, he became chairman of SAHAM Assistance (until 2017), transforming SAHAM Assistance from a national player into a large multinational enterprise by expanding its presence to 17 African countries, where it delivered medical and road-side assistance. At the same time, Mr. Elalamy joined SAHAM SA (until 2016) as general secretary, and SAHAM Agri (an agriculture venture) as Chief Executive Officer. Between 2017 and 2019, Mr. Elalamy served as Chief Executive Officer of SAHAM Assurance, a Moroccan publicly traded insurance company. He conducted the digital transformation of the company by creating a digital factory, which delivered end to end customer journey transformation for the 800.000 auto policy holders, from lead generation to claims management. In 2018, Mr. Elalamy led the sale of Saham Finances, the insurance division of Saham SA, for a $2 billion valuation. He is currently the Chief Executive Officer of the SAHAM Management Company (formerly SAHAM SA), where he was responsible for the creation of the Majorel partnership with Bertelsmann group.

Alongside his office as Chairman of the Supervisory Board of the Company, Moulay Mhamed Elalamy is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• International Education Group – IEG (chairman);
• Medjool Star (chairman);
• Saham Immo (chairman);
• Saham Management Company (Chief Executive Officer);
• Saham Outsourcing Luxembourg (manager);
• Saham Outsourcing Services Fund (director); and
• Saham Customer Relationship Investments (manager).

Previous:

• Saham Assistance (Chief Executive Officer, chairman, director);
• Saham Assurance Finances (director, general manager);
• Saham Assurance (director, Chief Executive Officer);
• Saham Management Company (Chief Executive Officer);
• Saham Immo (Chief Executive Officer);
• Saham S.A. (director); and
• Saham Pharma (managing director chairman).

In addition to the above, Mr. Elalamy is and was a member of the administrative, management or supervisory bodies of various, subordinate (current and former) Saham group companies.

Other than stated above, Moulay Mhamed Elalamy has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Audit Committee

Pim Berendsen graduated from the University of Tilburg, the Netherlands, with a master’s degree in economics in 1998. In 1997, he joined Arthur Andersen, where he worked as an international tax advisor until 2000. Mr. Berendsen joined PostNL N.V. and its legal predecessors in 2000 to hold various positions in the Netherlands, the United Kingdom, China, Czech Republic and Italy, including financial director and successively managing director of the Data and Document Management and member of the executive committee of PostNL N.V.. Between 2013 and 2015, he was director for corporate development at Van Gansewinkel Group and returned to PostNL N.V. in 2015 to become member of the executive committee, responsible for international, growth, M&A and strategic projects. In 2018, he was appointed Chief Financial Officer and a member of the board of management.

Alongside his office as member of the Supervisory Board of the Company, Mr. Berendsen is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• Endeit Investment Fund (member of the advisory board);
• Johan Cruyff Foundation (chairman);
• PostNL N.V. (member of the board of management); and
• Whistl UK Ltd. (non-executive director).

Previous:

• PostNL N.V. (member of the executive committee).

Other than listed above, Mr. Berendsen has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Audit Committee (Chairman)

Rolf Hellermann studied business administration in Vallendar, Germany, Los Angeles, USA and Nancy, France. Mr. Hellermann received his doctorate from WHU – Otto Beisheim School of Management in Vallendar, Germany. Following his studies, Mr. Hellermann joined Bertelsmann SE & Co. KGaA at the Bertelsmann Corporate Centre in 2004. In 2012, Mr. Hellermann became head of Bertelsmann’s Corporate Controlling and Strategy department. From 2015 to 2018, he was Chief Financial Officer (CFO) of Arvato, the services division of Bertelsmann, and served as CEO of Arvato Financial Solutions from 2018 to 2020. Rolf Hellermann has been a member of Bertelsmann’s Group Management Committee since 2019 and also heads the Bertelsmann Tech and Data Advisory Board, which advises the executive board on technology issues and advances Bertelsmann’s evolution into a globally leading media, services, and education company in tech. Effective January 1, 2021, Mr. Hellermann has taken up the position as CFO and member of the executive board at Bertelsmann Management SE. He has been a member of RTL Group S.A’s board of directors since January 1, 2021.

Alongside his office as member of the Supervisory Board of the Company, Mr. Hellermann is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• Bertelsmann Management SE (member of the executive board);
• RTL Group S.A. (non-executive member of the board of directors); and
• Bertelsmann, Inc. (director and chairman of the board).

Previous:

• informa Solutions GmbH (advisory board);
• AZ Direct Beteiligungs GmbH (managing director);
• Deutsche Post Adress GmbH & Co. KG (chairman of the shareholder committee); and
• infoscore AG (chairman of the board of directors).

Other than listed above, Mr. Hellermann has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Nomination & Compensation Committee

Audit Committee

Laureen Kouassi-Olsson holds a Master in Science of Management (MSc) with a specialization in Corporate Finance and Capital Markets from the EM Lyon Business School and is an alumna of Harvard Business School. Ms. Kouassi-Olsson is the founder and Executive Chair of Birimian Holding, an operational investment company dedicated to luxury and premium African heritage brands. She is a seasoned executive in the African financial services and private equity industries. She has over a decade of experience in investing in private companies and financial institutions on the African continent with positions at Lehman Brothers in London, Proparco, subsidiary of the French Development Agency and Amethis, leading French private equity fund dedicated to the African private sector and supported by the Edmond de Rothschild Group. Her professional achievements and commitments have gained significant recognition within the African financial services and private equity industries. Ms. Kouassi-Olsson has been recognized as one of the 100 most influential African Women and has been laureate of several Top 100 African Young Leader Rankings.

Alongside her office as member of the Supervisory Board of the Company, Ms. Kouassi-Olsson is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• Birimian Holding Limited (founder and executive chair);
• ARISE Integrated Industrial Platforms (ARISE II P) (member of the advisory board);
• Union Bancaire pour le Commerce et l’Industrie (UBCI) (independent director); and
• Orange Abidjan Participations (independent director and chair of risk committee).

Previous:

• Amethis Africa Finance (financial institutions and West Africa office head);
• Amethis West Africa (executive director);
• Fidelity Bank Ghana Limited (non-executive director and chair of risk committee);
• Ciel Finance Limited (non-executive director);
• NSIA Participations SA (non-executive director); and
• Petro Ivoire SA (non-executive director).

Other than listed above, Ms. Kouassi-Olsson has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Nomination & Compensation Committee (Chairwoman)

Ghita Lahlou El Yacoubi graduated from l’École Centrale de Paris, France, with a degree in engineering. Ms. Lahlou El Yacoubi started her career in 1991 as a finance and organizational consultant at Arthur Andersen, France. She joined Altair in Morocco as financial director in 1993 before moving to Groupe ONA in 1994, where she started as a project manager. In 1996, Ms. Lahlou El Yacoubi became director of human resources and communications at Groupe ONA and, in 1999, she became director of purchasing, human resources and marketing for Marjane, a group company of Group ONA. She joined Saham in 2001 as managing director for various subsidiaries, including Phone Group, Distribution Division, Saham Assurance Maroc, Saham Santé, Saham Education, Saham SA and the Saham Foundation for “equal opportunity”. Since 2014, Ms. Lahlou El Yacoubi has been the director of SAHAM Group, Africa, as director, where she is in charge of the outsourced services division and the education division. She is also the Chief Executive Officer of GLENY, a financial and real estate investment company, and École Centrale Casablanca, Morocco. Additionally, Ms. Lahlou El Yacoubi has been a member of the General Confederation of Enterprises of Morocco (CGEM) since 2012. She is also the president and co-founder of the “Les citoyens” movement and administrator of the Orient Occident Foundation and administrator and member of the office of the Ali Zaoua Association for the Development of “les Etoiles” Cultural Centers.

Alongside her office as member of the Supervisory Board of the Company, Ms. Lahlou El Yacoubi is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• Saham Outsourcing Services Fund (chairwoman of the board and executive managerchairman and Chief Executive Officer);
• Saham Support Services (chairman of the board);
• Saham Education Fund (administrator);
• Fondation Saham (administrator);
• WITAMAX One (president of the supervisory board);
• Immorente Invest S.A. (member of the supervisory board);
• GLENY (Chief Executive Officer); and
• Société Générale Marocaine des Banques (member of the supervisory board).

Previous:

• Saham S.A. (director);
• Saham Management Company (director); and
• Saham Pharma (director).

In addition to the above, Ms. Lahlou El Yacoubi was a member of the administrative, management or supervisory bodies of various, subordinate (current and former) Saham group companies.

Other than stated above, Ms. Lahlou El Yacoubi has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Nomination & Compensation Committee

Matthias Moeller studied computer science (Informatik) at the University of Hildesheim. Mr. Moeller started working at the Bertelsmann group in 1995. He has been the Chief Executive Officer of the Arvato Systems Group since April 1, 2016, and the Chief Information Officer of Bertelsmann since January 1, 2019.

Alongside his office as member of the Supervisory Board of the Company, Mr. Moeller is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• Bitkom e.V. (executive board member (Hauptvorstand)); and
• German Federal Ministry of Defence (Bundesministerium der Verteidigung) (advisory board member of the Digital Council (Digitalrat)).

Previous:

• Arvato Systems Perdata GmbH (managing director).

Other than listed above, Mr. Moeller has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Audit Committee

Anne Marie Magis has a strong background in both banking and change management. Recent assignments include strategy, innovation, digital banking and agile transformation. Ms. Magis is currently Head of Execution Office at ABN AMRO Bank N.V. and responsible for managing the execution of the strategic change portfolio on behalf of the Executive Board.

Since joining ABN AMRO Bank in 2013, Ms. Magis has held several senior positions including: Managing Director, Digital Banking Commercial Banking, where she was customer experience and digital transformation lead; Managing Director Functions and Services (Frankfurt); and HR Director Corporate Banking. Prior to this, Ms. Magis served as Associate Director, HR at Ernst & Young, Partner at Sharpe Executive Search, and Partner at Ray Berndtson Executive Search.

Following a Master’s in Business Law from Leiden University and formal training with the Netherlands Institute of Banking, Ms. Magis began her international career working on the Dutch Desk of ABN AMRO Bank in Toronto, Canada, and later went on to serve with the bank in several senior positions from 1989-2003 in the Netherlands and Germany.

Alongside her office as member of the Supervisory Board of the Company, Ms. Magis is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• ABN AMRO Bank N.V. (head of execution office);
• Dutch Payment Association - to May 2022 (member of audit committee;
• Port of Amsterdam (member of audit committee).

Previous:

• Equens Worldwide (board member).

Other than listed above, Ms. Magis has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Maud de Vries holds a law degree from the University of Leiden, the Netherlands, has completed various executive leadership programs at INSEAD, among others, and speaks Dutch, English, Italian and French.

Ms. de Vries is currently Chief Legal and Human Capital Officer at OCI N.V. (OCI), joining in 2014 as General Counsel, HR Director, Company Secretary and Compliance Officer. In this role she led several key strategic initiatives to design, redesign and strengthen the group’s global legal, compliance, governance, and HR frameworks. Ms. de Vries was appointed Member of the Executive Board of OCI effective 1 June 2019 and is currently responsible for company’s Corporate Governance, Compliance, Legal, HR and Government & Public Affairs. Furthermore, she champions OCI’s global Diversity & Inclusion efforts to build inclusive teams that accelerate future growth and drive innovation to help advance OCI’s energy transition.

Ms. de Vries joined OCI from Corio N.V., a Dutch-listed real estate investment company, where she was most recently General Counsel / Senior Executive leading the Legal, Compliance and Risk Management functions and where she played a key role in the company’s market entries into Turkey and Italy, among others. She was also a member of the Management Board of Reluxco International S.A., a financial institution in Luxembourg under CSSF supervision. She started her career as Attorney at Law at Dutch law firm Trenité Van Doorne.

Alongside her office as member of the Supervisory Board of the Company, Ms. De Vries is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• OCI N.V. (chief legal and human resources officer, executive director, board member);
• OCI N.V. (director of several group entities);
• FertiGlobe (member of the nomination and remuneration committee);
• NNS Group (executive vice president);

Previous:

• OCI N.V. (company secretary / general counsel / HR director / compliance officer);
• BioMCN (director);
• OCI Personnel (director);
• Legadex (member of the advisory board).

Other than listed above, Ms. De Vries has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Nomination & Compensation Committee

Bettina Wulf was born in Gütersloh, Germany, on April 17, 1962. Ms. Wulf graduated from the University of Bielefeld, Germany, with a degree in law in 1988. After being admitted to the bar, she worked as an associate/freelancer at a law firm before joining the legal department of Siemens Nixdorf Informationssysteme AG from 1989 until 1993. Ms. Wulf has been a member of the corporate legal department of Bertelsmann SE & Co. KGaA since July 1993. Her experience covers in particular global M&A transactions. In 2014, she was honored by the International Law Office with the “European Counsel Award” for her prominent role in highly complex Merger and Acquisition transactions requiring levelheaded negotiation skills.

Alongside her office as member of the Supervisory Board of the Company, Bettina Wulf is, or was within the last five (5) years, a member of the administrative, management or supervisory bodies of and/or a partner in the following companies or partnerships outside Majorel Group:

Current:

• RTL Group S.A. (non-executive member board of directors);
• Arcadia Verlag AG (non-executive member board of directors);
• Erste WV Gütersloh GmbH (managing director);
• RM 9 Beteiligungsverwaltungs GmbH (managing director);
• Random House Audio GmbH (managing director);
• Erste TD Gütersloh GmbH (managing director);
• BAI GmbH (managing director);
• Bertelsmann China Holding GmbH (managing director); and
• BDMI GmbH (managing director).

Previous:

• Gruner + Jahr China Fashion Advertising Limited (director);
• Gruner + Jahr New York Network Media Advertising Corporation (director);
• Gruner+Jahr (Beijing) Advertising Co. Ltd. (director);
• Beijing Boda New Continent Advertising Company Limited (member of the board of directors);
• G+J - CLIP (Beijing) Publishing Consulting Co. Ltd. (director); and
• Bertelsmann Asia Investments AG (non-executive member of the board of directors).

Other than listed above, Bettina Wulf has not been a member of any administrative, management or supervisory body of any other company or partnership outside Majorel Group within the last five (5) years.

Nomination & Compensation Committee

Audit Committee