Management

Structure of the organisation
Schiphol Group has a Board of Management consisting of four executive directors who head up the company. The Board of Management is supported by a number of corporate staff departments and manages four business areas and two support units. The business areas are: Aviation, Consumers, Real Estate and Alliances & Participations. The support units are: Project Management and Information & Communication Technology.

Shareholders
Schiphol Group's shares are held by the State of the Netherlands, the Municipality of Amsterdam and the Municipality of Rotterdam.
Schiphol Group's authorised share capital amounts to EUR 136.1 million. The capital is made up of 300,000 ordinary registered shares with a nominal value of EUR 453.78 each. A total of 171,255 of these shares have been issued and fully paid up. These shares are currently owned by the following shareholders, in the proportions indicated below:

Despite this division of ownership, Schiphol Group is a financially independent, commercial company that has been profitable for many years, pays dividends and is also subject to corporation tax effective from 1 January 2002.

Board of Management
The Board of Management of Schiphol Group consists of the following members:

• Gerlach Cerfontaine (1946)
  President & Chief Executive Officer
• Pieter Verboom (1950)
  Member of the Board of Management / Chief Financial Officer
• Ad Rutten (1951)
  Member of the Board of Management / Chief Operations Officer
• Maarten de Groof (1957)
  Member of the Board of Management / Chief Commercial Officer

Supervisory Board
The non-executive Supervisory Board supervises, advises, supports and appoints the Board of Management. The Supervisory Board currently consists of the following members:

• Jan Kalff (1937) - Chairman
  Former Chairman of the Board of Management of ABN AMRO Holding N.V.
• Anthony Ruys (1947) - Vice chairman
  Former Chairman of the Board of Management of Heineken N.V.
• Hans van den Broek (1936)
  Former European Commissioner / former Dutch Minister of Foreign Affairs
• Toon Woltman (1937)
  Former Chairman of the Amsterdam Chamber of Commerce
• Trude Maas-de Brouwer (1946)
  Former President of the HayVision Society
• Frans Cremers (1952)
  Former member of the Board & Chief Financial Officer of VNU N.V.
• Willem Stevens (1938)
  Former Senior Counsel at Baker & McKenzie

Corporate Governance
Schiphol Group is not yet listed on the stock exchange and is not legally obliged to comply with the Dutch Corporate Governance Code. Schiphol Group has nevertheless decided to implement, for the most part, the best practices of the Code, not only because Schiphol Group wishes to take a progressive stance on Corporate Governance, but also because it is a logical preparation for flotation.

• Corporate Governance