Mr. Thierry Lagesse was appointed Director of the Company on December 20, 1989, and subsequently Chairperson of the Board in December 2002 until August 2013. Born in 1953, Mr. Lagesse holds a Maîtrise des Sciences de Gestion from the University of Paris Dauphine. He is the Founder of the Palmar Group, a textile and garment-orientated manufacturing company and a visionary entrepreneur, having launched Parabole Réunion Group of Companies in 1999, a direct-tohome satellite television company in the Indian Ocean Islands. He is also the Executive Chairperson of Parabole Group and presently serves as a director of several well-known companies listed on the Stock Exchange of Mauritius, namely: Alteo Limited, IBL Ltd, Lux Island Resorts Ltd, Phoenix Beverages Limited and Phoenix Investment Company Limited.