Quadpack Industries SA

Board/Management Information • Oct 26, 2021

For immediate release 26 October 2021

Independent board members and new committees increase diversity, transparency and accountability

Quadpack's governance structure has been strengthened at board level, with the appointment of its first independent members. In addition, three new committees have been created focused on sustainability, audit and risk, and remunerations and nominations. The changes were ratified at the annual shareholder's meeting on 13 July 2021, at Quadpack's Barcelona headquarters.

Together, the measures boost some of the key principles of good governance, including participation, transparency, equity and inclusiveness, effectiveness and efficiency, and accountability.

Institutional investor Chrysoula Zervoudakis and diversity champion Cheryl Hall join Quadpack's Board of Directors as independent members. Zervoudakis brings extensive financial experience and a strong focus on strategic development. Hall is a Certified Climate Change Coach and a professional mentor of international entrepreneurs on the Royal Academy of Engineers Fellowship platform, rooted in the 17 UN Sustainable Development Goals.

As Quadpack continues to shape its culture of oversight and purpose-driven governance, Zervoudakis and Hall's appointments enrich the board's diversity on multiple levels. Tim Eaves, Quadpack CEO, Chairman and President of the Board, said: "Chrysoula and Cheryl bring extensive experience, fresh ideas and objectivity, which will be invaluable as we continue to grow. Their passion and enthusiasm to create sustainable businesses will help Quadpack to make an even greater positive impact on our planet and on society."

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The three new committees have been created to reinforce sustainable practices, ethical processes, accountability and transparency. The Sustainability Committee, led by Hall, integrates business and sustainability priorities to ensure that the company's performance is based on a foundation of sustainability. The Audit and Risk Committee, led by Zervoudakis, monitors the integrity of the financial reporting system and internal controls. The Remunerations and Nominations Committee, led by Quadpack's Board Vice-President Steven Lewis, advises the Board on policies for the appointment and remuneration of directors and senior managers with strategic responsibilities.

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Photo caption: Cheryl Hall (left) and Chrysoula Zervoudakis are the two newest members of Quadpack's Board of Directors.

About Quadpack

Established in 2003, Quadpack is an international manufacturer and provider of enhanced packaging solutions for beauty brand owners and contract fillers. With offices and production facilities in Europe, the Americas and the Asia Pacific region, and a strategic network of manufacturing partners, Quadpack develops bespoke and customised packs for prestige, masstige and mass market customers. Listed on Euronext Growth in Paris, Quadpack relies on a workforce of 600 people to build a more sustainable world. Through its processes, products and people, it aims to have a positive impact on the planet and, through the Quadpack Foundation, on the communities in which it is present. For more information, please visit www.quadpack.com

Contact details

Mariam Khan Quadpack press office Summit Media Services mariam@summitmediaservices.com Tel: +34 93 265 4463

Legal notice

This document contains forward-looking statements about Quadpack's business, financial data, and events related to the company's prospects. These forecasts can be identified by the use of words such as 'estimated', 'plan', 'expectation' or words with a similar meaning. Quadpack may also make projections in other reports, presentations and press releases. Furthermore, the company's representatives may occasionally make forward-looking statements. These projections are based on current expectations and on certain hypotheses, many of which are beyond the company's control and subject to a series of risks and uncertainties. In the event that any of these risks or uncertainties should materialise or the underlying expectations are not fulfilled, the results or performance of Quadpack may differ (either positively or negatively) from those explicitly or implicitly forecast. Quadpack assumes no obligation to update or revise any forward-looking statements made previously.