Board of directors

There are presently five board members including the chairman. At the annual general meeting 2016, board member Andrew James (Andy) MacLeod was re-elected for a period of two years. Chairman Morten Opstad and board members Lawrence John (Larry) Ciaccia, Deborah Lee Davis and Hanne Høvding continued for the second year of their term, and will stand for election at the annual general meeting in 2017. There are no family relationships among the board members or between board members and the management. There is no arrangement or understanding with major shareholders, customers, suppliers or others, pursuant to which members of the board or management was selected.

The board has held nine meetings, of which three were held by telephone conference, in the period after the annual general meeting on 12 May 2015 and until and including 20 April 2016.

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Morten Opstad

Chairman

Mr. Opstad has served as chairman of the board in IDEX since 1997. Mr. Opstad is a partner and chairman of the board in Advokatfirma Ræder DA in Oslo. He has rendered legal assistance with respect to establishing and organising several technology and innovation companies. His directorships include inter alia current board positions in Thin Film Electronics ASA (chairman) and cXense AS (chairman). Mr. Opstad has a legal degree (Cand.Jur.) from the University of Oslo from 1979. He was admitted to the Norwegian Bar Association in 1986. Mr. Opstad was born in 1953 and is a Norwegian citizen. He resides and works in Oslo. Mr. Opstad attended all of the board meetings in the period.
As at 16 November 2016 Mr. Opstad and close relations held or controlled 6,989,196 shares and 0 (nil) rights to shares in IDEX.  

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Larry Ciaccia

Board Member

Mr. Ciaccia was elected board member at the annual general meeting 2015. He has broad expertise from the semiconductor industry. He is independent of the company's executive management, material business contacts and the company’s larger shareholders. Mr. Ciaccia played a pivotal role in transforming AuthenTec from a start-up into the world's leading fingerprint sensor supplier, serving as CEO from September 2010 and instrumental in the acquisition of AuthenTec by Apple in October 2012. He remained with Apple through February 2013 to assist in the acquisition integration and transition. Mr. Ciaccia was born in 1958, is a US citizen and resides in Indian Harbour Beach, Florida. Mr. Ciaccia attended all of the board meetings in the period. As at 16 November 2016 Mr. Ciaccia held 0 (nil) shares and 500,000 subscription rights to shares in IDEX.

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Deborah Lee Davis

Board member

Ms. Davis was elected board member at the annual general meeting 2015. She is independent of the company's executive management, material business contacts and the company’s larger shareholders. Ms. Davis has more than 25 years of technology (software, telecommunications) and Internet (payments/financial services & retail) company experience, with 14 years in European and global vice president roles at PayPal, eBay, Verizon and Symantec. She holds non-executive director positions at Which?, Intelligent Environments and is an active trustee of SATIB Conservation Trust. Ms. Davis is a Member of the Institute of Company Directors, UK and holds a Bachelor of Applied Science (Electronics) Honours degree from the University of Melbourne and a Sloan Masters in Science (Management) with Distinction from London Business School. Ms. Davis was born in 1963 and is a dual citizen of the UK and Australia and splits her time across UK, Africa and the Far East. Ms. Davis attended all of the board meetings in the period.
As at 16 November 2016, Ms. Davis held 48,487 shares and nil (0) rights to shares in IDEX.

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Hanne Høvding

Board Member

Ms. Høvding has served on the board of IDEX since 2007. She is independent of the company's executive management, material business contacts and the company’s larger shareholders. Ms. Høvding has a Bachelor’s Degree in Economics and Business Administration from the Norwegian School of Economics and Business Administration. In her professional career Ms. Høvding has held several management positions within personnel administration, finance, credit card administration and debt collection. Ms. Høvding was born in 1954. She is a Norwegian citizen and resides and works in Oslo. Ms. Høvding attended all but one of the board meetings in the period.
As at 16 November 2016 Ms. Høvding held 366,062 shares and 0 (nil) rights to shares in IDEX.

Andrew James (Andy) MacLeod image

Andrew James (Andy) MacLeod

Board Member

Mr. MacLeod was elected to the board of IDEX in May 2014. He is independent of the company's executive management, material business contacts and the company’s larger shareholders. Mr. MacLeod is CTO for Vodafone plc.'s Africa, Middle East and AsiaͲPacific region. Previously, Mr. MacLeod was Group Chief Networks Officer at Vodafone. He is a Fellow of the Royal Academy of Engineering and a Chartered Engineer (metals materials and mining), holds an MBA from Warwick Business School and an MA in Materials Science from Keble College, Oxford University. He has since the early 1990's held CEO, COO and CTO positions at major telecommunication companies. He is a board member of Vodafone Australia and Indus. Mr. MacLeod was born in 1957, is a British Citizen and resides in Winchester, England. Mr. MacLeod attended all but one of the board meetings in the period.
As at 16 November 2016 Mr. MacLeod held 415,457 shares and 500,000 subscription rights to shares in IDEX.