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.
Executive Board Responsibilities
|
Dr. Rudolf Staudigl President & CEO |
President & CEO |
WACKER POLYSILICON |
Executive Personnel, Corporate Development, Corporate Communications, Investor Relations, Corporate Auditing, Legal, Compliance, Retirement Benefits (since July 1, 2016) |
|
Dr. Christian Hartel |
WACKER POLYMERS |
Human Resources (Personnel Director), Corporate Engineering Region: Asia |
|
Dr. Tobias Ohler |
SILTRONIC |
Corporate Accounting and Tax, Corporate Controlling, Corporate Finance and Insurance, Information Technology, Technical Procurement & Logistics, Raw Materials & Energy Region: The Americas |
|
Auguste Willems |
WACKER SILICONES
WACKER BIOSOLUTIONS |
Sales & Distribution, Corporate Research & Development, Intellectual Property, Site Management, Corporate Security, Environment / Health / Safety, Product Stewardship Regions: Europe, Middle East |
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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).
Executive Board and Supervisory Board in Fiscal 2016
Changes occurred on the Supervisory Board in 2016.
The Vice Chairman of the Supervisory Board, Anton Eisenacker, stepped down effective December 31, 2016 upon his retirement. At its meeting of December 6, 2016, the Supervisory Board elected Manfred Köppl, already a board member, as its new Vice Chairman effective January 1, 2017. As a result, Hansgeorg Schuster, already elected an alternate member, became a full member of the Supervisory Board as of January 1, 2017.
Declaration on Corporate Management
The declaration on corporate management required by Sections 289a and 315 (5) of the German Commercial Code (HGB) is included in the corporate governance report. This declaration forms 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.
www.wacker.com /corporate-governance
Executive Board 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, which is included in the corporate governance report. The compensation report is also part of the combined management report.