Supervisory Board
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Ann Cairns
Chair of the Supervisory Board and Nomination Committee
Ann started as a research scientist before moving into investment banking. She rose up the ranks in Citibank, then became CEO of Transaction Banking at ABN before joining Alvarez and Marsal. In 2011 Ann joined Mastercard as a C-suite executive leading all customer-facing business outside the US and concluded her career as Executive Vice Chair. Passionate that women should hold equal positions in the corporate world to men, Ann chaired the 30% Club and is an advocate for women in science, technology, engineering and mathematics (STEM). Ann was a senior sponsor of the Mastercard girls4tech programme, designed to encourage millions of girls worldwide to continue studying science.
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Karen Green
Independent Supervisory Board Director and Chair of Audit Committee
Karen started her career as an investment banker with Baring Brothers and then Schroders. She subsequently held various senior positions at GE Capital, Stonepoint Capital and Aspen Insurance Holdings, where she was a member of the Executive Committee and CEO of Aspen UK. She was a Council Member of Lloyd’s of London. She is currently the Senior Independent Director of Phoenix Group Holdings PLC, and a non-executive Director of Admiral Insurance Group PLC, Asta Managing Agency Ltd and Miller Insurance Services LLP and non-executive Director of Great Portland Estates PLC.
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Krishnan Rajagopalan
Independent Supervisory Board Director
Krishnan is President and CEO of Heidrick & Struggles, a global leadership advisory firm providing executive search, leadership assessment and development, organisation and team effectiveness, and culture shaping services. He is a strong advocate for diversity and inclusion and gender parity. Before joining Heidrick & Struggles, he served as a Vice President and partner with a global management consulting firm, where he focused on strategy, operations, and transformation across a wide range of industries.
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Peter Rutland
Managing Partner, CVC
Chair of Remuneration Committee
Joined CVC in 2007. Peter is head of CVC's private equity activities in the financial services industry and is based in London. From 2002 to 2007 he worked for Advent International 2002. Peter holds an MA degree from the University of Cambridge and an MBA from INSEAD.
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Lorne Somerville
Managing Partner, CVC
Chair of Sustainability Committee
Joined CVC in 2008. Lorne is co-chair and co-head of the CVC Strategic Opportunities advisory activities and is based in London. Prior to joining CVC he worked for UBS, where he was joint Global Head of Telecommunications and Head of the European communications group. Lorne holds an MA in Computer Sciences from the University of Cambridge and an MBA from IMD, Lausanne.
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Faris Cassim
Senior Portfolio Manager, ADIA
Chair of Risk Committee
Faris is a Senior Portfolio Manager in ADIA’s Private Equities Department. Since joining in 2014, Faris has led a number of ADIA investments in the financial and business services sectors. Prior to joining ADIA, Faris worked in the corporate development and investment banking groups at UBS. Faris holds a Master in Finance from ETH Zurich and a Bachelor of Science in Mathematics from Ecole Polytechnique Federale de Lausanne (EPFL).
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Osama Nahhat
Managing Director, CVC
Osama is a member of the CVC Strategic Opportunities investment platform and is based in London. Previously, he worked in the European investment team of Bain Capital and as a Strategy Consultant at Bain & Co. in the Middle East. Osama has a MSc in Financial Economics from Oxford University and a BEng from McGill University.
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Stefan Janke
Investment Manager, ADIA
Stefan is an Investment Manager in ADIA’s Private Equities Department. Prior to joining ADIA in 2018, he worked in Morgan Stanley’s Investment Banking Division in Frankfurt and London. Stefan holds a Bachelor’s Degree in General Management from EBS Universität für Wirtschaft und Recht.
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Supervisory Board - meetings and attendance
The Supervisory Board meets at least four times per year in accordance with its annual schedule and whenever the Chairman, one or more of its members, or the Management Board requests a meeting. In 2023, the Supervisory Board held 4 meetings. All these meetings were held in person. Supervisory Board meetings and Supervisory Board committee meetings are held over several days, ensuring there is time for review and discussion. At each meeting, the Supervisory Board members discuss among themselves the goals and outcome of the meeting, as well as topics such as the functioning and composition of the Supervisory Board and the Management Board. Also discussed during each meeting are the reports from the different committees of the Supervisory Board. The Supervisory Board meetings and the meetings of the five Supervisory Board committees were well attended, as is shown in the table below. In addition to the Supervisory Board members, the members of the Management Board are invited to the Supervisory Board meetings. All Management Board members were present at the Supervisory Board meetings in 2023. Members of ExCo are regularly invited to provide updates on topics within their area of expertise.
Name |
Supervisory board |
Audit Committee |
Risk Committee |
Sustainability Committee |
Nomination Committee |
Remuneration Committee |
---|---|---|---|---|---|---|
Ann Cairns |
3/3 |
2/3 |
3/3 |
3/3 |
1/1 |
1/3 |
Karen Green |
3/3 |
3/3 |
3/3 |
n.a. |
n.a. |
n.a. |
Krishnan Rajagopalan |
3/3 |
n.a. |
n.a. |
n.a. |
n.a. |
3/3 |
Faris Cassim |
4/4 |
n.a. |
3/3 |
n.a. |
n.a. |
3/3 |
Stefan Janke |
4/4 |
3/3 |
n.a. |
n.a. |
n.a. |
n.a. |
Lorne Somerville |
4/4 |
n.a. |
n.a. |
3/3 |
0/1 |
n.a. |
Osama Nahhat |
3/3 |
3/3 |
3/3 |
n.a. |
n.a. |
n.a. |
Peter Rutland |
4/4 |
n.a. |
n.a. |
n.a. |
1/1 |
3/3 |