Compensation for the Executive and Supervisory Boards
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€ |
|
Fixed compensation |
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Variable compensation |
|
Pension expenses1 |
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Total |
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Executive Board compensation 2016 |
|
2,611,723 |
|
4,866,125 |
|
1,177,876 |
|
8,655,724 |
Executive Board compensation 2015 |
|
2,629,052 |
|
3,681,166 |
|
2,174,835 |
|
8,485,053 |
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|
|
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Pension commitments for active members of the Executive Board 2016 |
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|
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27,587,433 |
Pension commitments for active members of the Executive Board 2015 |
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|
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|
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22,692,191 |
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Compensation for former members of the Executive Board and their surviving dependents 2016 |
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|
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2,383,467 |
Compensation for former members of the Executive Board and their surviving dependents 2015 |
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|
|
|
|
|
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1,922,900 |
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|
|
|
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|
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Pension commitments for former membersof the Executive Board and their surviving dependents 2016 |
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|
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|
|
|
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39,163,469 |
Pension commitments for former membersof the Executive Board and their surviving dependents 2015 |
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|
|
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36,718,229 |
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|
|
|
|
|
|
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|
Supervisory Board compensation 2016 |
|
2,165,000 |
|
– |
|
– |
|
2,165,000 |
Supervisory Board compensation 2015 |
|
1,716,973 |
|
– |
|
– |
|
1,716,973 |
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Dr. Rauhut retired on October 31, 2015 after his employment contract expired as scheduled. Before expiry of his employment contract, Dr. Rauhut had received all compensation due him under the provisions of this contract. He will receive the agreed competitive-restriction compensation, which will total €636,548 for the 12 months following his departure. €106,091 of that total amount was paid to him in 2015 and is included under compensation for former members of the Executive Board and their surviving dependents.
Detailed information about Executive Board compensation is contained in the compensation report, which forms part of the management report. German commercial law (HGB) requires the inclusion of this information in the notes to the consolidated financial statements.
Other business relations with members of the Supervisory and Executive Boards comprise the purchase and sale of shares in Wacker Chemie AG. Such transactions take place on customary market terms and conditions. These transactions were published both in the German register of companies and on the Wacker Chemie AG website. www.wacker.com/directors-dealings
The members of Wacker Chemie AG’s Supervisory Board and Executive Board are listed on the following pages.