Board of Directors

Irakli Gilauri

Chairman and Chief Executive

Irakli Gilauri was appointed as Chairman and Chief Executive of the Company on 24 February 2018. Irakli Gilauri also serves as a member of the Company’s Nomination and Investment Committees.

Mr Gilauri is a Non-Executive Director of Georgia Healthcare Group PLC and a member of the Supervisory Board of JSC Georgia Healthcare Group. He also sits on the Supervisory Board of JSC Georgia Capital. Mr Gilauri formerly served as the CEO of BGEO Group from 2011 to May 2018. He joined as CFO of Bank of Georgia in 2004 and was appointed as Chairman of the Bank in September 2015, having previously served as CEO of the Bank since May 2006. Mr Gilauri has up to 20 years of experience in banking, investment and finance. Prior, he was an EBRD (European Bank for Reconstruction and Development) banker. Over the last decade, Mr Gilauri’s leadership has been instrumental in creating major players in a number of Georgian industries, including banking, healthcare, utilities and energy, real estate, insurance and beverages. Mr Gilauri received his undergraduate degree in Business Studies, Economics and Finance from the University of Limerick, Ireland, in 1998. He was later awarded the Chevening Scholarship, granted by the British Council, to study at Cass Business School of City University, London, where he obtained his MSc in Banking and International Finance.

David Morrison

Senior Non-Executive Director

David Morrison was appointed as Senior Independent Non-Executive Director of the Company on 24 February 2018. Mr David Morrison also serves as Chairman of the Company’s Audit Committee and as a member of the Company’s Investment and Nomination Committees.

Mr Morrison is a Non-Executive Director of Georgia Healthcare Group PLC and a member of the Supervisory Board of JSC Georgia Healthcare Group. He sits on the Supervisory Board of JSC Georgia Capital. Mr Morrison previously
served as the Senior Independent Non-Executive Director of BGEO Group PLC from October 2011 until May 2018, which included positions as Chairman of Audit Committee and a member of Remuneration and Nomination Committees. Mr Morrison spent most of his career (28 years) at Sullivan & Cromwell LLP where he served as Managing Partner of the firm’s Continental European offices. His practice focused on advising public companies in a transactional context, including capital raisings, IPOs and mergers and acquisitions. Mr Morrison is the author of several publications on securities law-related topics, and was recognised as a leading lawyer in Germany and France. In 2008, Mr Morrison turned his attention to conservation finance as the Founding CEO of the Caucasus Nature Fund (CNF), a charitable trust dedicated to wilderness protection in Georgia, Armenia and Azerbaijan. He now acts as Chair of CNF’s supervisory board, and serves on the boards of two other conservation trusts he helped to create in 2015 and 2016. Mr Morrison received his undergraduate degree from Yale College and his law degree from the University of California, Los Angeles. He was also a Fulbright scholar at the University of Frankfurt.

Kim Bradley

Non-Executive Director

Kim Bradley was appointed as an Independent Non-Executive Director of the Company on 24 February 2018. He also serves on the Remuneration and Nomination Committees, and as Chairman of the Investment Committee.

Mr Bradley previously served as Independent Non-Executive Director of BGEO Group PLC from December 2013 until May 2018. Mr Bradley served as Chairman of BGEO Group PLC’s Risk Committee and as a member of BGEO Group PLC’s Audit and Nomination Committees. Mr Bradley retired from Goldman Sachs in early 2013, following 15 years as a professional in the Real Estate Principal Investments and Realty Management divisions, where he focused on investment in both European real estate and distressed debt. In addition to his investment activities, Mr Bradley led Goldman Sachs’ asset management affiliates in France, Italy and Germany, where he was involved in financial and tax audits as well as the management of internal audit activities. He has also served as President of Societa Gestione Crediti and a member of the Board of Directors of Capitalia Service Joint Venture in Italy and Chairman of the Shareholders Board at Archon Capital Bank Deutschland in Germany. Prior to Goldman Sachs, he served as a Senior Executive at GE Capital for seven years in both the United States and Europe, where his activities included real estate workouts and restructuring, as well as acquisitions. Prior to GE Capital, Mr Bradley held senior executive positions at Manufacturers Hanover Trust (now part of JP Morgan) and Dollar Dry Dock Bank. He has also served as a Peace Corps volunteer and as a consultant with the US Agency for International Development in Cameroon.
Mr. Bradley is also Managing Partner at Sabino Capital Partners LLC, an entity through which he provides real estate advisory. He is a member of the Supervisory Board of JSC Georgia Capital. Mr Bradley holds an MA in International Affairs from the Columbia University School of International and Public Affairs and an undergraduate degree in English Literature from the University of Arizona.

Massimo Gesua’ sive Salvadori

Non-Executive Director

Dr Massimo Gesua’ sive Salvadori was appointed as Independent Non-Executive Director of the Company on 24 February 2018. He also serves as a member of the Company’s Investment, Nomination and Audit Committees.

Dr Gesua’ sive Salvadori is a bank analyst covering banking and other financial stocks globally. He works for Odey Asset Management, a London-based hedge fund, which he joined in 2011. He is responsible for generating investment ideas and understanding broad trends. Dr Gesua’ sive Salvadori worked as a management consultant at the London office of McKinsey & Co. between 2002 and 2011, specialising in financial services and served clients across different geographies in developed and emerging markets as part of the banking strategy practice. He is a member of the Supervisory Board of JSC Georgia Capital. Dr Gesua’ sive Salvadori, a native of Venice, obtained an MPhil and a PhD from Oxford University, where he attended St. Antony’s College. He graduated with a BSc in Economics from Warwick University. He attended the United World College of the Adriatic in Duino. His postgraduate studies were funded through scholarships by the Foreign and Commonwealth Office, the Economic Research Council, the Fondazione Einaudi and the Ente Einaudi.

William Huyett

Non-Executive Director

William Huyett was appointed as Independent Non-Executive Director of the Company on 24 February 2018. He also serves as a member of the Company’s Remuneration, Investment and Nomination Committees.

Mr Huyett was appointed as Non-Executive Chairman of Georgia Healthcare Group PLC on 20 September 2018, having served as an Independent Non-Executive Director since 18 June 2017. He serves as a member of the Clinical Quality and Safety Committee and the Nomination Committee of Georgia Healthcare Group PLC. He is also Chairman of the Supervisory Board of JSC Georgia Healthcare and a member of the Supervisory Board of JSC Georgia Capital. Mr Huyett is Chief Financial Officer of Cyclerion Therapeutics, recently spun out from Ironwood Pharmaceuticals, a NASDAQ-listed biopharmaceutical innovator in Cambridge MA where he was Chief Operating Officer. Prior to that, during a 30-year career at McKinsey & Company in the US and Europe, he served clients in healthcare and other technologyintensive industries. He advised those clients on value creation strategies and their implications for organisation effectiveness and board governance. His areas of expertise include corporate portfolios, growth, mergers and acquisitions, and divestitures. He is co-author of a text on corporate finance: Value: Four Cornerstones of Value Creation. He currently serves on the boards of two not-for-profit institutions, Rockefeller University in New York and Marine Biological Laboratory Woods Hole. Mr Huyett earned a BSc in Electrical Engineering and an MBA from the University of Virginia.

Caroline Brown

Non-Executive Director

Dr Caroline Brown was appointed as Independent Non-Executive Director of the Company on 24 February 2018. She also serves as a member of the Investment, Nomination and Audit Committees.

Dr Brown has managed divisions of FTSE100 groups and AIM businesses with international industrial and technology operations and has worked as a corporate finance adviser to governments and corporations with Merrill Lynch, UBS and HSBC. Dr Brown has chaired audit committees of listed companies for the past 15 years and is a Fellow of the Chartered Institute of Management Accountants. Dr Brown was an advisor to the Board of Georgia Healthcare Group PLC from 24 February 2018 to 31 December 2018. Dr Brown currently serves as the Chair of NAHL Group PLC, and as an independent Non-Executive Director on the boards of London-quoted companies, Luceco plc and Earthport plc. Dr Brown also serves as a Trustee of the Raspberry Pi Foundation. She is a member of the Supervisory Board of JSC Georgia Capital. Dr Brown holds a first-class degree and PhD in Natural Sciences from the University of Cambridge and a Masters of Business Administration from the Cass Business School, University of London.

Jyrki Talvitie

Non-Executive Director

Jyrki Talvitie was appointed as Independent Non-Executive Director of the Company on 24 February 2018. He also serves as Chairman of the Company’s Nomination and Remuneration Committees and as a member of the Company’s Investment Committee.

Mr Talvitie has worked in the financial industry for 28 years inbanks as well as on both the buy and sell side of markets. Prior to joining the Board, Mr Talvitie worked in Moscow for 14 years, his latest position being in charge of Strategic Partners and Investors at Sberbank, the largest bank in Russia and one of the top 15 in the world. He is also a member of the Management Board of Magnit, a Russian publicly quoted retailer. Before Sberbank Mr Talvitie was a Management Board Member at Russian Direct Investment Fund, Head of Investor Relations at VTB Bank and established and ran the Russian operations of East Capital, a Swedish Private Equity and Asset Management company, while also managing a Financials Fund. Prior to moving to Russia in 2003, Mr Talvitie worked for BNP Paribas in Paris, Bank of New York in London and Moscow, as well as several Nordic banks, both in Helsinki and Moscow. Mr Talvitie has extensive board experience, having served on over ten boards of both public and private companies in Georgia, Finland, Russia, Kazakhstan and Ukraine. He is a member of the Supervisory Board of JSC Georgia Capital. Mr Talvitie holds an Executive MBA from London Business School as well as a Masters of Law from Helsinki University. Mr Talvitie also holds a Diploma in Company Direction from the Institute of Directors in London.