Management and Supervision

In compliance with the German Stock Corporation Act (AktG), Wacker Chemie AG has a two-tier 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).

There were no changes to either the composition or responsibilities of the Executive Board members during 2011. A new workers’ representative took office on Wacker Chemie AG’s Supervisory Board in 2011. Uwe Fritz resigned his office as of May 31, 2011. His successor, Harald Sikorski, assumed his responsibilities as of June 1, 2011. As of December 31, 2011, the middle management representative Dr. Konrad Bachhuber resigned his Supervisory Board position. Konrad Kammergruber was elected to replace him with effect from January 1, 2012.

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Executive Board Responsibilities


Dr. Rudolf Staudigl


President & CEO



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


Dr. Joachim Rauhut


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


Dr. Wilhelm Sittenthaler


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


Auguste Willems


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. It contains the Executive and Supervisory Boards’ work procedures, the declaration of conformity pursuant to Section 161 of the German Stock Corporation Act (AktG), and information on key corporate management practices.

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 corporate governance report. The compensation report is also part of the combined management report.