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. Wacker Chemie AG’s Executive Board consists of 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).

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(until Dec. 31, 2012)

  

(since January 1, 2013)

 

  

 

  

 

*

Dr. Wilhelm Sittenthaler left the Executive Board on December 31, 2012.

Dr. Rudolf Staudigl

  

President & CEO

  

President & CEO

 

  

 

  

 

 

  

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

  

WACKER POLYSILICON
Executive Personnel, Corporate Development, Corporate Communications, Investor Relations, Corporate Auditing, Legal, Compliance

Dr. Tobias Ohler

  

 

  

WACKER POLYMERS
Human Resources, Technical Procurement & Logistics, Raw Materials Procurement
Region: Asia

Dr. Joachim Rauhut

  

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

  

SILTRONIC
Corporate Accounting and Tax, Corporate Controlling, Corporate Finance and Insurance, Corporate Engineering, Information Technology
Region: The Americas

Dr. Wilhelm Sittenthaler*

  

WACKER SILICONES
Human Resources (Personnel Director), Corporate Research & Development, Intellectual Property
Region: Asia

  

 

Auguste Willems

  

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

  

WACKER SILICONES
WACKER BIOSOLUTIONS
Sales & Distribution, Corporate Research & Development, Intellectual Property, Site Management, Corporate Security; Environment, Health, Safety; Product Stewardship
Regions: Europe, Middle East

Changes in the Executive Board and Supervisory Board in 2013

The Executive Board welcomed a new member in 2013. Dr. Tobias Ohler was appointed as a member of the Executive Board, effective January 1, 2013. He succeeded Dr. Wilhelm Sittenthaler, who resigned on December 31, 2012. The change in the Executive Board also led to a reorganization of responsibilities. At the Annual Shareholders’ Meeting in Munich on May 8, 2013, new elections were held of shareholder representatives to the Wacker Chemie AG Supervisory Board. The Shareholders’ Meeting elected Dr. Gregor Biebl as the new shareholder representative to replace Dr. Werner Biebl. All other Supervisory Board shareholder representatives were re-elected. The Supervisory Board re-appointed Dr. Peter-Alexander Wacker as its chairman at its constituent session, held directly after the Annual Shareholders’ Meeting. The employee representatives had already been determined prior to the Shareholders’ Meeting by the employees and management staff of Wacker Chemie AG. Dagmar Burghart was elected as employee representative for the Supervisory Board, replacing Marko Fartelj.

Declaration on Corporate Management

Submitted as per Section 289a of the German Commercial Code (HGB), the declaration on corporate management is included in the corporate governance report. This declaration is also part of the combined management report and is 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. www.wacker.com/corporate-governance

Executive and Supervisory Board Compensation

Executive Board compensation contains both fixed and variable components. The main features of the compensation system for the Executive Board and Supervisory Board are described in the compensation report contained in the corporate governance report. The compensation report is also part of the combined management report.