Report of the Board of Management

Members of the Board of Management

Tex GunningFrits VervoortPeter ValksGreg NetlandBrian Wilkinson

Tex Gunning (57, Dutch)
Chairman of Vedior’s Board of Management and Chief Executive with effect from 19 September 2007. He is responsible for overseeing the Group’s overall operations, implementing the Group strategy, corporate planning and business development, which includes mergers and acquisitions and disposals. Prior to his appointment, Mr Gunning was Group Vice President South East Asia and Australasia at Unilever, responsible for a fast growing portfolio of businesses. Mr Gunning, who studied economics in Rotterdam, held various positions at Unilever since 1983 and has extensive knowledge and international experience in a business-to-business environment.

Frits Vervoort (45, Dutch)
A member of the Board of Management and Chief Financial Officer since October 2001. He is responsible for control and reporting, tax and treasury. Mr Vervoort joined Vedior in 1997 as Corporate Controller and then became Director of Finance in November 2000. He is a member of the Royal Netherlands Institute of Register Accountants. Between 1994 and 1997, he was a financial analyst for the Vendex Food Group and Vendex International. Between 1985 and 1994 he held various positions with Ernst & Young, Reed Elsevier and the Free University of Amsterdam.

Peter Valks (49, Dutch)
A member of the Board of Management since May 2003 with responsibility for all operating companies in the Benelux as well as business development for emerging markets in the Far East, including Japan. In 2006, he also became responsible for the Group operations in Germany, Greece, Turkey and several Central European countries. Mr Valks joined the Group in 2000 as General Manager of Vedior in the Netherlands having previously worked as a diplomat for the Dutch Foreign Service and subsequently in various management functions for ING.

Greg Netland (46, American)
Mr Netland has served as the Chief Executive for Vedior North America since 2003, where he has overseen strong acquisitive and organic revenue growth in a number of specialist markets. Prior to his appointment as CEO for Vedior North America, he served as the Chief Operating Officer and Executive Vice President of Business Development of this subsidiary.

Brian Wilkinson (51, British)
A member of the Board of Management since May 2003. Mr Wilkinson originally joined the Group as UK Development Manager in 1999 and in May 2002 became Zone Manager responsible for operations in the United Kingdom, Eire, Australia, New Zealand, India, Singapore, Hong Kong, the Middle East, Sri Lanka and Malaysia. In 2006, he also became responsible for the Group operations in Portugal and Scandinavia. He has 26 years staffing services industry experience and is a former President of the Recruitment and Employment Confederation, the trade association for the staffing industry in the United Kingdom.

Zach Miles (58, British)
The resignation of Zach Miles as Chairman of the Board of Management was announced in April 2007 and became effective on 19 September 2007. Mr Miles had been a member of the Board of Management of Vedior since 1999, and Chairman since February 2004. He was responsible for the Group’s overall operations, developing and implementing strategy, corporate planning and business development. Before joining Vedior, Mr Miles was CFO and a member of the Board of Directors of Select. His career in the recruitment industry began in 1988.