Management and Supervision

In compliance with the German Stock Corporation Act (AktG), Wacker Chemie AG has a dual management system, comprising the Executive Board and Supervisory Board. The Executive Board has four members. Wacker Chemie AG is the parent company and thus determines the Group’s strategy, overall management, resource allocation, funding, and communications with key target groups (especially with the capital market and shareholders).

In 2010, the Executive Board’s composition remained unchanged. There were, however, changes to members’ responsibilities. Effective October 1, 2010, Dr. Rudolf Staudigl (president and CEO), who had previously headed WACKER SILICONES, instead assumed responsibility for Siltronic, and ceded R&D and Intellectual Property to Dr. Wilhelm Sittenthaler. Dr. Sittenthaler, who had been in charge of Siltronic, assumed responsibility for WACKER SILICONES. The other Executive Board members’ responsibilities remained the same.

There were no changes to Wacker Chemie AG’s Supervisory Board in 2010.

  download table

Executive Board Responsibilities

 

 

 

 

 

Dr. Rudolf Staudigl

 

President & CEO

 

 

SILTRONIC
Executive Personnel, Corporate Development, Corporate Communications, Investor Relations, Corporate Auditing, Legal & Insurance, Compliance

 

 

 

Dr. Joachim Rauhut

 

WACKER POLYSILICON
Corporate Accounting, Corporate Controlling, Corporate Finance, Information Technology, Raw Materials Procurement, Technical Procurement & Logistics, Tax
Region: The Americas

 

 

 

Dr. Wilhelm Sittenthaler

 

WACKER SILICONES
Human Resources (Personnel Director), Corporate Research & Development, Intellectual Property
Regions: India, Asia/Pacific

 

 

 

Auguste Willems

 

WACKER POLYMERS
WACKER BIOSOLUTIONS
Corporate Engineering, Sales & Distribution, Corporate Security, Site Management; Environment, Health, Safety; Product Stewardship
Regions: Europe, Middle East

Declaration on Corporate Management

Submitted as per Section 289a of the German Commercial Code (HGB), the declaration on corporate management forms part of the corporate governance report. This declaration is part of the combined management report and is also available online at www.wacker.com

Executive and Supervisory Board Compensation

Executive Board compensation contains both fixed and variable components. The main features of the compensation system for the Executive and Supervisory Boards are described in the compensation report, itself part of the combined management report.