Hudson Ltd. announced that upon consummation of this offering, board of directors will have nine directors, three of whom will be independent directors. Each class of directors is elected for a three-year term of office, but the terms are staggered so that the term of only one class of directors expires at each annual general meeting. Board of directors will establish an audit committee and a nomination and remuneration committee prior to the consummation of this offering. The persons who agreed to serve on board of directors upon completion of this offering will be: James Cohen, Director, Class II (term expires in 2019); Mary J. Steele Guilfoile, Director, Class II (term expires in 2019); Heekyung (Jo) Min, Director, Class I (term expires in 2020); Joaquín Moya-Angeler Cabrera, Director, Class I (term expires in 2020); James E. Skinner, Director, Class II (term expires in 2019); and Eugenia M. Ulasewicz, Director, Class I (term expires in 2020). The audit committee, which is expected to consist of Ms. Ulasewicz, Mr. Skinner and Ms. Guilfoile, will assist the board in overseeing accounting and financial reporting processes and the audits of financial statements. Ms. Ulasewicz will be appointed to act as chairman of audit committee. The nomination and remuneration committee, which is expected to consist of Mr. Torres Carretero, Mr. Diaz Gonzalez and Mr. Cohen, will assist the board in overseeing the long-term planning of appropriate appointments to the position of Chief Executive Officer, as well as establishing criteria for the selection of candidates for executive officer positions, including the position of Chief Executive Officer, and reviewing candidates to fill vacancies for executive officer positions.