Borealis Hotel Group appoints new CFO

After serving as CFO at Borealis for 6 years, Jehoeda Schächter has decided to go for a new challenge and to continue his career as partner in an audit firm. Jehoeda will still be around
parttime for the coming period to facilitate a smooth handover. We are grateful to Jehoeda for his dedication and commitment over all these years.

We take pride in announcing that as from 1 February 2024, Siger Spaans has been appointed CFO. Siger’s experience and expertise will be instrumental in realizing the growth ambition
of Borealis and to further strengthen the group.

Siger comes to Borealis from Ahold Delhaize, a leading food retailer, where he worked for 23 years. He most recently served as CFO of Albert Heijn, Etos and Gall & Gall. Before that,
Siger also served as CFO for Delhaize in Belgium and Luxemburg and as CFO of Albert in the Czech Republic. Siger holds a master’s degree in business economics from the Erasmus
University in Rotterdam and a post-master’s degree in Finance and Control from the Neyenrode University.

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