Isabelle Vleurinck (1965) - Independent director

Isabelle Vleurinck holds a master degree in Applied Economic Sciences from the KU-Leuven and a diploma of Financial Analyst of the Belgian Association of Financial Analysts.

She started her career in the Corporate Finance department with Bank Degroof. In 1992 she joined Almabo/CMB group where she was project coordinator within the finance department until 2004.
She is now member of the board of Axis Group and is a volunteer counselor to the Aid to Victims team for East-Flanders.

Michel Delbaere (1953) -  Chairman - Independent director

 Michel Delbaere holds a master degree in law (Catholic University of Leuven – 1975) and a master degree in economic sciences (Catholic University of Louvain – 1975).

He started his career as management trainee and account manager at the Morgan Guaranty Trust Company of New York.

He’s the founder and managing director / director of: Crop’s N.V. (Belgium), Hesbayefrost S.A. (Belgium), Monliz S.A (Portugal and Spain), MDC Foods Ltd (UK), Crop’s & Partners (Serbia) and Messem (the Netherlands and Morocco).

He’s also a member of the Regional Board of Directors of BNP Paribas Fortis. He’s a member of the Executive Committee of the VBO (Alliance of Belgian Companies). He’s a member of the Board of Directors and honorary chairman of Voka (Flemish network of companies). He’s also a member of the Board of Directors of Sioen Industries, SD Worx, Delcredere and Montea.

ACACIA I represented by Els Verbraecken - Independent director