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Until December 2010, Mr. Demuynck was CEO of Liquavista. Before that, he held various positions within Royal Philips Electronics NV from 1976 until 2002. Amongst others, he was Vice President Marketing Audio in the USA, CEO of Philips in South Korea, General Manager Line of Business Portable Audio in Hong Kong, and CEO Group Audio in Hong Kong. In 2000, he became CEO Product Division Consumer Electronics in Amsterdam and member of the Group Management Committee of Philips. In 2003, Mr. Demuynck joined Royal KPN where he became member of the Board of Management and CEO of the Mobile Division (KPN Mobiel Netherlands; Base Belgium, E-Plus Germany). Until July 2008, he was CEO of Kroymans Corporation BV in the Netherlands. He was a member of the Supervisory Board of TomTom from June 2005 until April 2016. In addition, he has been a Board member of Teleplan International N.V. since May 2011, of Aito BV since January 2012 and of Wizz Air Holding Plc since March 2014. He holds a degree in Applied Economics from the University of Antwerp (UFSIA) and a degree in Marketing from the University of Ghent (R.U.G).