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 as such 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.
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.