The Board of Mosaic Fashions hf. manages the Company’s general affairs and endeavours to keep the organization and its operations on course. The Company’s Board of Directors directs company affairs and strives to ensure that the Company’s organisation and activities are in good order at all times and that the accounting for and the handling of the Company’s funds are sufficiently supervised.
Stewart Binnie
Chairman of the Board, elected to Sierra Holdings Ltd.’s Board in November 2002. Occupations: Financial adviser with a strong background in retail and investment banking. Holdings in Mosaic Fashions hf.: 5,747,513 shares. Holdings of financially related parties: 0.
Derek Lovelock
Member of the Board, elected to Oasis Stores Plc’s Board in November 1999. Occupations: CEO of Mosaic Fashions hf. and Chairman of the board of Jacques Vert plc. Holdings in Mosaic Fashions hf.: 231,421,693 shares. Holdings of financially related parties: 0.
Richard Glanville
Member of the Board, elected to Oasis Stores Plc’s Board in December 2000. Occupation: Finance Director of Mosaic Fashions hf. Holdings in Mosaic Fashions hf.: 117,876,513 shares. Holdings of financially related parties: 0.
Gunnar Sigurdsson
Member of the Board, elected to Mosaic Fashions Ltd.’s Board in March 2004.
Occupations: Managing Director of Baugur Group Investments in UK. Holdings in Mosaic Fashions hf.:1.145.455 shares. Related party: Baugur Group hf. is through its subsidiary BG Holding ehf. the largest shareholder in Mosaic Fashions hf. with 1,066,831,128 shares.