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Dr. Arno Morenz, Supervisory Board Chairman

Dr Arno Morenz, born 1939, is an economist who received his doctoral degree in Cologne, Germany. He began his career as a correspondent for the Handelsblatt magazine in New York, USA. He was then appointed to various managerial positions at the Handelsblatt in Düsseldorf,Germany, at European Enterprise Development in Paris, France, and at Banque de la Société Financière Européenne in London, England.

Arno Morenz was Manager of the Vereinigte Haftpflicht Versicherung (Associated Liability Insurance) in Hanover, Germany, and Chairman of the Aachener Rückversicherungs-Gesellschaft (Aachen Counter-insurance Company).

Today he is on the Board of Trustees at the Deutsche Schutzvereinigung für Wertpapierbesitz (German Society for the Protection of Securities Holders) and is on the Board of Directors at Fidelity Funds. As an Independent Director, he is also a member of the Audit Committee at Fidelity as well as the Supervisory Board at FIL Investment Services GmbH in Kronberg, Germany

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