KBC Ancora SCA announced that Prof. Dr.Marc De Ceuster becomes new chairman of KBC Ancora and Philippe Vancloosterappointed as independent director. On 26 November, Herman Vandaele stepped down as independent director and Chairman of the Board of Directors of AlmancoraBeheersmaatschappijNV - statutory director of KBC Ancora. The Board of Directors elected FintracBV, represented by Prof. Dr. Marc De Ceuster, as the new chairman. To replace Herman Vandaele as director, Philippe Vancloosterwas appointed by the General Meeting. In addition to being chairman of the Board of Directors, Marc De Ceuster also chairs the Nomination Committee and the Remuneration Committee, succeeding Herman Vandaele. In his turn, Marc De Ceuster is succeeded by Philippe Vanclooster as member of the Audit Committee, the Nomination Committee and the Remuneration Committee. Herman Vandaele has been a member of the Board of Directors as an independent director since 26 November 2010. He took on the role of chairman in November 2019. He is resigning his mandates because he has reached the statutory age limit.