Changes at the statutory director of KBC Ancora

Regulated information; inside information, Leuven, 2 May 2023 (8.30 hrs CEST)

Changes at the statutory director of KBC Ancora

Marc De Ceuster has been appointed as a part-time managing director of Almancora Société de gestion with effect from 28 April 2023. From 18 May 2023 he will replace Katelijn Callewaert, whose term of office is coming to an end. Paul Demyttenaere has been appointed as an independent director and will assume the role of Chairman of the Board of Directors. Jos Peeters' mandate as director is ending, and he will be succeeded by Mathilde Remy.

The selection procedure was conducted with a view to ensuring continuity. The continued high quality of management of KBC Ancora was of prime importance for the Board of Directors. As a core shareholder of KBC Group, KBC Ancora also needs strong and competent representatives.

Marc De Ceuster to be new managing director at KBC Ancora

The appointment of Marc De Ceuster as a managing director (A director) of Almancora Société de gestion, statutory director of KBC Ancora, gives KBC Ancora a strong profile. He joins Franky Depickere, who is a full-time managing director of Almancora Société de gestion SA, statutory director of KBC Ancora SA.

KBC Group announced on 3 April 2023 that it intended to nominate Marc De Ceuster at its General Meeting of Shareholders on 4 May 2023 for appointment to the Board of Directors of KBC Group, and also as Chairman of the Audit Committee.

Marc De Ceuster (b. 1962) holds a PhD in Applied Economics (UFSIA) and a master degree in Law (UIA). He has been Professor of Financial Economics at the University of Antwerp since 2002. He served as Academic Director at Antwerp Management School and is a former member of the General Council of Antwerp Management School. He is also a former member of the Supervisory Board of Arkea Direct Bank. He also spent six years as a member of the Board of Directors of KBC Group on behalf of the Flemish Government.

He was appointed as an independent director (C director) of Almancora Société de gestion and as Chairman of the Audit Committee on 29 November 2019. He has been Chairman of the Board of Directors since 26 November 2021. He is succeeded in that role by Paul Demyttenaere.

Paul Demyttenaere to become independent director and Chairman of KBC Ancora

Paul Demyttenaere has succeeded Marc De Ceuster as an independent director (C director) with effect from 28 April 2023, and will assume the role of Chairman of the Board of Directors of Almancora Société de gestion.