51. Management Board and Supervisory Board

Remuneration of members of the Management Board in financial year 2017/18

The remuneration of the active members of the Management Board essentially consists of a fixed salary, a short-term performance-based remuneration component (short-term incentive and special bonuses), as well as the performance-based remuneration component with a long-term incentive effect (long-term incentive) granted in financial year 2017/18.

The short-term incentive for members of the Management Board is essentially determined by the development of financial performance targets related to that financial year and also considers the attainment of agreed-upon targets.

The remuneration of the active members of the Management Board in financial year 2017/18 amounted to €7.0 million (2016/17: €5.9 million). Of this amount, €3.7 million (2016/17: €1.1 million) were attributable to fixed salaries, €0.4 million (2016/17: €1.1 million) to the short-term performance-based remuneration, €2.7 million (2016/17: €3.7 million) to the share- and performance-based remuneration with long-term incentive effect and €0.2 million (2016/17: €0.02 million) to non-monetary and supplemental benefits.

The share- and performance-based remuneration component with long-term incentive effect granted in financial year 2017/18 (performance share plan) was recognised at as of the date granted. The number of conditionally allocated performance shares for the members of the Management Board amounts to a total of 248,346.

In financial year 2017/18, value adjustments resulted from the current tranches of performance-based payment programmes with a long-term incentive effect. The company’s expenses amounted to €0.12 million for Mr Koch, €0.06 million for Mr Baier, €0.03 million for Mr Boone, €0.09 million for Mr Hutmacher and €0.45 million for Mr Palazzi.

As of 30 September 2018, the provisions for the members of the Management Board totalled €1.79 million. Of this amount, €0.39 million was attributable to Mr Koch, €0.19 million to Mr Baier, €0.29 million to Mr Hutmacher and €0.92 million to Mr Palazzi.

Expenses and provisions were determined by external experts using a recognised financial mathematical procedure.

Total remuneration of former members of the Management Board

Former members of the Management Board of METRO AG received benefits in the amount of €6.2 million.

There are congruent, reinsured liabilities from pension provisions of €1.6 million towards former members of the Management Board.

  • The information released pursuant to § 314 section 1 no. 6a sentences 5 to 8 of the German Commercial Code can be found in chapter 6 remuneration report in the combined management report.

Compensation of members of the Supervisory Board

The total compensation paid to all members of the Supervisory Board in financial year 2017/18 amounts to €2.2 million (2016/17: €0.8 million).

  • For more information about the compensation of the members of the Supervisory Board, see chapter 6 remuneration report in the combined management report.
Fair value
Recognised fair value. Amount that would have been received in return for the disposal of an asset or paid for the assignment of a debt in an ordinary transaction conducted between market participants on the assessment date.
Glossary