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CLOSEX
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Company Description (as filed with the SEC)
23.1 While the CEO and the members of the ExB have the overall management responsibility for the Group, the responsibility for the operational management of the Divisions and the subsidiaries, for which the management has been allocated to the Divisions, lies jointly with the Divisional Heads. 23.2 The Divisional Heads shall establish for their divisions their own OpCo. They shall be responsible for establishing an efficient organizational and management structure in the Division. The Divisional Heads consult with the ExB prior to making significant changes to the organizational and management structure in the Divisions. 23 -------------------------------------------------------------------------------- 24 Divisional Heads 24.1 The Divisional Heads shall be appointed by the BoD and report directly to the CEO. ... More ...
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