19 Related parties

FMO considers the Dutch Government, subsidiaries, associated companies, the Management Board (MB) and the Supervisory Board (SB) as related parties. 

The following changes were announced in first half of 2021 related to composition of MB and SB:

  • Starting September 1, 2021, Michael Jongeneel has been appointed as the new CEO and will replace Linda Broekhuizen (CEO ad interim). Linda Broekhuizen will leave FMO by end of 2021. 

  • Fatoumate Bouaré (CRFO) is appointed for her second term as CRFO.

  • Huib-Jan de Ruijter (CIO ad interim) is appointed as CIO.

  • Koos Timmermans is appointed for second term in the SB. 

In the first half of 2021 no loans or investments were transferred from the State Funds to FMO.