Daniel GROSS Chief Executive Officer (CEO) Raffaele BALESTRA Chief Financial Officer (CFO) Marek DOLEŽAL Chief Operating Officer (COO) Management at the highest level For PENNY Romania, the governing body is represented by the Board of Directors, which in 2022 consisted of Daniel Gross (CEO), Raffaele Balestra (CFO) and Marek Doležal (COO). The governance structures within REWE Romania are: the governing body (the Board of Directors), the management structures and the implementation structures. The Board of Directors makes strategic decisions and has the authority to form policies and steer the overall direction of the organization. Board members are elected by the group through an Assessment Centre selection process. The management of the company is carried out by the three directors, with only the CEO holding an employment contract registered in Romania. The right to represent the company and to take decisions belongs to each director individually, except for signing commercial contracts with legal entities. In that case, the company shall be represented by at least two directors or, if one of them is unavailable, by the proxy of each of them. The directors shall have the right to represent the Company with full powers before banking institutions for the purpose of taking out loans. With regard to relations with the Company's employees, all three directors have full powers and may sign, individually or jointly, any document relating to our employees (amendment, termination of individual employment contracts, etc.). Directors may not, without the authorization of the shareholders, be appointed as directors of other companies with similar activities or that could compete against our business, nor may they engage in the same or a competing trade on their own account or on behalf of another legal entity, under penalty of revocation and liability for damages. SUSTAINABILITY REPORT PENNY ROMANIA 2022 52/250 SUSTAINABILITY STRATEGY ABOUT US AND OUR VALUE CHAIN THE FUTURE IS MADE TODAY SUSTAINABILITY HIGHLIGHTS MESSAGE FROM THE GENERAL DIRECTORS CONTENTS SUSTAINABILITY STEP BY STEP
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