Board of Directors Biographies

The Directors of the Company, their background and their responsibilities within the Group include:

George Koukis, Chairman, Executive Director

Mr George Koukis has been active in the software industry for more than 25 years, having begun at Qantas where he was heavily involved with the computerisation of the company’s management accounting department. He then spent six years with Management Science America (MSA) in Australia where he held various management positions, including that of the managing director. Mr Koukis holds a degree in commerce from the University of Technology in Sydney, Australia and is a registered CPA. As Chairman and founder of Temenos, Mr Koukis participates actively in the strategy of the Group. Mr Koukis is a Greek and Australian national. Mr Koukis was elected in 2001, re-elected in 2002 and in 2005. He is due for re-election at the forthcoming Annual General Meeting of Shareholders.

Paul Selway-Swift, Vice-Chairman, Non-Executive and Independent Director

Mr Paul Selway-Swift has many years of experience in the financial services industry with The HSBC Group where he held senior management positions in both Hong Kong and London. He is a director of several companies including Novae Group plc (Chairman), Pure Circle Ltd (Chairman) and Alba PLC all of which are quoted on the London Stock Exchange. He is also Chairman of Atlantis Investment Management (Ireland) Ltd and a director of Li & Fung Ltd which is quoted on the Hong Kong Stock Exchange. Mr Selway-Swift was educated in England and subsequently attended Massachusetts Institute of Technology Program for Senior Executives. Mr Selway-Swift is a British national. He chairs the Compensation Committee and is a member of the Audit and Nomination Committees. He was elected in 2001, re-elected in 2003 and in 2006 for a three-year term of office. Mr Selway-Swift was appointed Vice-Chairman of the Board of Directors in July 2007 for a period of one year.

Andreas Andreades, Chief Executive Officer, Executive Director

Mr Andreas Andreades joined Temenos in 1999, initially in the position of Chief Financial Officer, before assuming the responsibilities of the Deputy Chief Executive Officer in 2001 and then the Chief Executive’s role in July 2003. Mr Andreades started his career with KPMG in London in 1988. After spending five years in the accounting profession, he joined PepsiCo, where he held a number of strategic, sales and general management positions. Mr Andreades holds an engineering degree from the University of Cambridge and is a UK chartered accountant. Mr. Andreades is a Cypriot national. He was elected in 2001, re-elected in 2004 and in 2007 for a three year term of office. Mr Andreades is a member of the Nomination Committee.

Mark Austen, Non-Executive and Independent Director

Mr Mark Austen, a qualified accountant, has had considerable experience at an executive level in international financial markets and financial services consulting. Up to early 2005, he served as an executive in IBM’s Business Consulting Services, following a 20-year career with PricewaterhouseCoopers (PwC). There, he was Managing Partner of the Global Financial Services consulting practice, and from 2000 to 2002 was an elected member of PwC’s Global Board. He was also a member of the transaction group that oversaw the sale of the consulting business to IBM. Mr Austen is also a non-executive director of Standard Bank PLC, Liverpool Victoria Friendly Society Ltd, IFB International AG and The Philharmonia Trust Ltd. Mr Austen is a British national. He was elected in 2006 for a three-year term of office and chairs the Audit Committee.

Chris Pavlou, Non-Executive and Independent Director

Mr Chris Pavlou has formerly served as the Treasurer of Barclays Bank in London and New York, of the Hong Kong & Shanghai Banking Corporation in Hong Kong and of HSBC Midland in Tokyo. He was the Asia Pacific Regional Delegate of the International Forex Association. He retired from HSBC in 1998. In 1999, Mr Pavlou joined Laiki Bank of Cyprus as a consultant and served on the Board from 2001 to 2004. Mr Pavlou is currently CEO of TFI, a Cyprus based financial company. Mr Pavlou is a British national. He was elected in 2001, re-elected in 2002 and 2005. He is due for re-election at the forthcoming Annual General Meeting of Shareholders. He chairs the Nomination Committee and is a member of the Audit and Compensation Committees.

Lewis Polk Rutherfurd, Non-Executive and Independent Director

Mr Lewis Polk Rutherfurd holds a bachelor’s degree in East Asia Studies from Princeton University and an MBA with distinction from Harvard Business School. Mr Rutherfurd is co-founder and managing director of Inter-Asia Management, Inter-Asia Venture Management II Partnership, Inter-Asia Capital III (the Founder investor in Temenos) and of Inter-Asia Capital IV. He is a former Governor and Vice President of the American Chamber of Commerce in Hong Kong. He is a co-founder and past chairman of the HK Venture Capital Association. Mr Rutherfurd is an American national. He was elected in 2001, re-elected in 2003 and in 2006 for a three-year term of office. Mr Rutherfurd is a member of the Audit Committee (past Chairman of the Committee 2001-2006) and of the Nomination Committee.

< Corporate governance