8. Group Executive Board

8.1 Members of the Group Executive Board

The Group Executive Board is headed by the CEO and comprises nine members, specifically the CEO, the CFO, the CTO, the CSO, the CMO, the President and General Manager Europe, the President and General Manager Asia Pacific, the President and General Manager Americas and the President and General Manager IMEA.

On October 2, 2024, the Company announced the appointment of Fabio Grazioli as CSO and a member of the Group Executive Board, effective November 15, 2024. Since the departure of former CSO Ian Wood, effective as of December 31, 2023, Henrik Wagner, Vice President Global Sourcing & Procurement, and Rodrigo Steinvorth, Vice President Global Production & CIS, had co-led the CSO function ad interim.

The Group Executive Board comprised the following members on December 31, 2024:

The biographies on the following pages provide information about the Group Executive Board members in office on December 31, 2024.

Samuel Sigrist

Samuel Sigrist is a Swiss citizen and has served as CEO since 2021. Prior to that, he served as CFO of the Company (from 2017 to 2021). Mr. Sigrist joined the Company in 2005 and held various roles in finance and corporate developments, including Director of Group Controlling and Reporting, Head of Finance/CFO of Europe, and Head of Group Projects. He also served as the Company’s President and General Manager Europe (from 2013 to 2017). Prior to joining the Company, Mr. Sigrist worked as a consultant. Mr. Sigrist holds a Bachelor’s in business administration from the Zurich University of Applied Sciences, Switzerland, an MBA from the University of Toronto, Canada, and a Global Executive MBA from the University of St. Gallen, Switzerland.

Ann-Kristin Erkens

Ann-Kristin Erkens is a German citizen and joined SIG in November 2023 as CFO. She has also served as a member of the supervisory board of Schott Pharma AG & Co KGaA (since 2023). Prior to that, Ms. Erkens spent 21 years at Henkel AG & Co KGaA (from 2002 to 2023), where she held various roles. In addition to her role as financial director of adhesives technologies, she was responsible for global operations and supply chain adhesive technologies with more than 100 factories worldwide (from 2019 to 2023, and for the Europe region as of 2023). Prior to that, she served as financial commercial director for the packaging adhesives business for the India, Middle East, and Africa region. Within the broader Henkel Group, she previously served as corporate director of group strategy. Ms. Erkens holds a degree in business management and industrial engineering from the University of Applied Sciences, Wedel, Germany, and an MSc in operations management from the University of Buckingham, UK.

Fabio Grazioli

Fabio Grazioli is an Italian citizen and joined SIG in November 2024 as CSO. Prior to joining the Company, Mr. Grazioli served as vice president supply chain, procurement, E2E cost leadership and CTO – EMEA at Haier Group (from 2022 to 2024). Before that, he gained over a decade of experience in the home appliances sector, having held various senior leadership roles at BSH Home Appliances (Bosch) (from 2018 to 2022) and at Whirlpool (from 2012 to 2018). Before that, Mr. Grazioli gained experience at Otis Elevator (from 2004 to 2012) and at SC Johnson (from 2002 to 2004). Mr. Grazioli holds a degree in management and production engineering from Politecnico di Milano, Italy.

Gavin Steiner

Gavin Steiner is a Swiss and South African citizen and joined SIG in 2023 as CTO. Prior to joining the Company, Mr. Steiner spent 28 years at Nestlé, where he served as vice president global R&D packaging and technology (from 2018 to 2023). Before that, he served as operations and technical director for the Eastern Southern Africa region, global confectionary R&D manager and operations director for South Korea. Mr. Steiner has many years of international experience in senior R&D, production and innovation roles covering a wide range of food quality and safety systems. Mr. Steiner holds a BSc in microbiology and biochemistry from the University of Natal, South Africa, and an Executive MBA from IMD Lausanne, Switzerland.

Christoph Wegener

Christoph Wegener is a German citizen and has served as Chief Markets Officer since 2023. Before his current role, he held various other positions within SIG, including Senior Vice President Commercial (from 2022 to 2023), Chief Markets Officer Middle East and Africa (from 2018 to 2021), and Head of Global Sales and Business Development (from 2015 to 2018). Prior to joining the Company, Mr. Wegener worked as principal at The Boston Consulting Group, Germany (from 2007 to 2015). Mr. Wegener holds a BSc in business informatics from the University of Rostock, Germany, and a Master’s in business administration from the University of Oxford, UK.

Abdelghany Eladib

Abdelghany Eladib is an Egyptian citizen and has served as President and General Manager IMEA since 2023. Before his current role, he held various other positions within SIG, including President and General Manager Middle East and Africa (from 2021 to 2023) and Chief Operating Officer in the SIG Combibloc Obeikan joint venture companies (from 2017 to 2021). Prior to joining the Company, Mr. Eladib held various positions at Procter & Gamble (from 1992 to 2006) and gained experience at other leading FMCG companies in the region. He holds a BSc in mechanical engineering and an MBA from ESLSCA university, Egypt, as well as various degrees in digital transformation from MIT, USA, and a diploma in strategic management from the Jack Welsh Institute, USA.

Angela Lu

Angela Lu is a Singaporean citizen and has served as President and General Manager Asia Pacific since 2023. Ms. Lu previously served as President and General Manager Asia-Pacific South at SIG (from 2022 to 2023). Prior to joining the Company, Ms. Lu served as group chief growth officer at Yeo Hiap Seng (from 2020 to 2021). She further spent more than ten years at Nestlé, where she held various leadership positions in Switzerland and several Asia Pacific key markets, including Singapore, Thailand, China, and Australia (from 2007 to 2011, and again from 2014 to 2020). Ms. Lu also gained experience in leading multinational FMCG companies, including The Coca-Cola Company (from 2011 to 2014), Fonterra (from 2006 to 2007), and Gillette (from 1999 to 2005). Ms. Lu holds a Bachelor’s in industrial management engineering (marketing) from Tongji University, China, and an MBA from Nanyang Technological University, Singapore.

José Matthijsse

José Matthijsse is a Dutch citizen and has held the position of President and General Manager Europe since 2021. Prior to joining the Company, Ms. Matthijsse gained considerable experience in the food and beverage industry, having held senior and general management positions at FrieslandCampina (from 2018 to 2021) and Heineken (from 2003 to 2018) in a number of countries in Europe, the Americas and Africa. Ms. Matthijsse holds a Master’s in food science technology from Wageningen Agricultural University, the Netherlands.

Ricardo Rodriguez

Ricardo Rodriguez is a Brazilian and Spanish citizen and has served as President and General Manager Americas since 2015. Mr. Rodriguez joined SIG in 2003 and previously served as Director and General Manager, South America, and Technical Service Director, South America. Prior to joining the Company, Mr. Rodriguez held several roles at Tetra Pak (from 2001 to 2003), including general manager of the Belo Horizonte branch, key account manager and technical service manager. He holds a BSc in aeronautical/mechanical engineering from the Technological Institute of Aeronautics, Brazil, and an MBA from the Getúlio Vargas Foundation, Brazil. Furthermore, Mr. Rodriguez graduated from a specialist business management course at IMD Lausanne, Switzerland.

8.2 Number of permissible activities

In the interest of good governance, art. 28 para. 2 of the Articles of Association limits the number of outside mandates of the members of the Group Executive Board as follows:

1. one mandate in listed firms;¹ and
2. up to five mandates in non-listed firms.

Such a mandate is deemed to be any activity in senior governing or administrative bodies of legal entities that are required to register in the commercial register or any comparable foreign register, other than the Company and any entity controlled by or controlling the Company. The Board of Directors shall ensure that such activities do not conflict with the exercise of their duties for the Group. Functions in various legal entities that are under joint control, or in entities in which this legal entity has a material interest, are counted as one function.

8.3 Management contracts

The Company has not entered into any management contracts with persons outside the Group for the delegation of executive management tasks.

1 Pursuant to art. 727 para. 1 number 1 CO.