Remuneration of members of the Supervisory Board
The members of the Supervisory Board receive a fixed yearly remuneration amount in accordance with § 13 of METRO AG’s Articles of Association. In financial year 2019/20, this amounted to €80,000 per ordinary member. The value added tax payable to the respective remuneration is reimbursed to the members of the Supervisory Board in accordance with § 13 Section 5 of METRO AG’s Articles of Association.
The individual amount of Supervisory Board remuneration takes into account the duties and responsibilities of the individual members of the Supervisory Board by considering special assignments. The remuneration of the Chairman of the Supervisory Board is 3 times higher than that of an ordinary member of the Supervisory Board; that of the Vice Chairman and the chairpersons of the committees is twice as high; and that of the other members of the committees is 1.5 times higher. The remuneration for membership or chairmanship of a committee will be paid only if at least 2 meetings or other resolutions took place during the respective financial year. A member of the Supervisory Board who holds several offices at once receives remuneration for only one office; in the case of different levels of remuneration, the member receives remuneration for the most highly paid office.
Remuneration factors |
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|---|---|---|---|
Chairman of the Supervisory Board |
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Vice Chairman |
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Committee chairpersons1 |
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Committee members1 |
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Members of the Supervisory Board |
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The relevant individual amounts for financial year 2019/20 are as follows:
€ |
Financial year |
Multiplier |
Fixed |
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|---|---|---|---|---|---|---|---|
Jürgen Steinemann, Chairman |
2018/19 |
|
240,000 |
||||
2019/20 |
|
240,000 |
|||||
Werner Klockhaus, Vice Chairman (until 25 June 2020) |
2018/19 |
|
160,000 |
||||
2019/20 |
|
120,000 |
|||||
Xaver Schiller, Vice Chairman (since 20 July 2020) |
2018/19 |
|
120,000 |
||||
2019/20 |
|
130,000 |
|||||
Marco Arcelli (since 22 January 2020) |
2018/19 |
- |
0 |
||||
2019/20 |
|
70,000 |
|||||
Stefanie Blaser |
2018/19 |
|
80,000 |
||||
2019/20 |
|
90,000 |
|||||
Herbert Bolliger |
2018/19 |
|
80,000 |
||||
2019/20 |
|
90,000 |
|||||
Gwyn Burr |
2018/19 |
|
120,000 |
||||
2019/20 |
|
120,000 |
|||||
Thomas Dommel |
2018/19 |
|
120,000 |
||||
2019/20 |
|
120,000 |
|||||
Prof. Dr. Edgar Ernst |
2018/19 |
|
160,000 |
||||
2019/20 |
|
160,000 |
|||||
Dr. Florian Funck (until 7 December 2019) |
2018/19 |
|
120,000 |
||||
2019/20 |
|
30,000 |
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Michael Heider |
2018/19 |
|
80,000 |
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2019/20 |
|
90,000 |
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Udo Höfer (since 17 July 2020) |
2018/19 |
|
0 |
||||
2019/20 |
|
20,000 |
|||||
Peter Küpfer |
2018/19 |
|
80,000 |
||||
2019/20 |
|
80,000 |
|||||
Rosalinde Lax (since 17 July 2020) |
2018/19 |
|
0 |
||||
2019/20 |
|
20,000 |
|||||
Susanne Meister (until 25 June 2020) |
2018/19 |
|
80,000 |
||||
2019/20 |
|
60,000 |
|||||
Dr. Angela Pilkmann (until 25 June 2020) |
2018/19 |
|
80,000 |
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2019/20 |
|
60,000 |
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Dr. Fredy Raas |
2018/19 |
|
120,000 |
||||
2019/20 |
|
120,000 |
|||||
Eva-Lotta Sjöstedt |
2018/19 |
|
80,000 |
||||
2019/20 |
|
80,000 |
|||||
Dr. Liliana Solomon |
2018/19 |
|
120,000 |
||||
2019/20 |
|
113,333 |
|||||
Alexandra Soto |
2018/19 |
|
120,000 |
||||
2019/20 |
|
80,000 |
|||||
Manuela Wetzko (since 17 July 2020) |
2018/19 |
|
0 |
||||
2019/20 |
|
20,000 |
|||||
Angelika Will |
2018/19 |
|
80,000 |
||||
2019/20 |
|
80,000 |
|||||
Manfred Wirsch |
2018/19 |
|
80,000 |
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2019/20 |
|
80,000 |
|||||
Silke Zimmer |
2018/19 |
|
80,000 |
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2019/20 |
|
80,000 |
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Total2 |
2018/19 |
|
2,200,000 |
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2019/20 |
|
2,153,333 |
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In financial year 2019/20, individual members of the Supervisory Board of METRO AG also received remuneration from the group companies for Supervisory Board mandates at group companies.
€ |
Financial year |
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|---|---|---|---|---|
Werner Klockhaus |
2018/19 |
10,075 |
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2019/20 |
9,300 |
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Thomas Dommel |
2018/19 |
4,500 |
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2019/20 |
4,500 |
|||
Michael Heider |
2018/19 |
6,000 |
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2019/20 |
6,000 |
|||
Rosalinde Lax |
2018/19 |
6,000 |
||
2019/20 |
6,000 |
|||
Xaver Schiller |
2018/19 |
9,000 |
||
2019/20 |
9,000 |
|||
Manuela Wetzko |
2018/19 |
6,000 |
||
2019/20 |
6,000 |
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Manfred Wirsch |
2018/19 |
6,000 |
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2019/20 |
6,000 |
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Total |
2018/19 |
47,575 |
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2019/20 |
46,800 |
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Beyond this, the members of the Supervisory Board were not granted any remuneration or benefits for work performed, in particular not for consulting and brokerage services, on behalf of companies of METRO in the sense of Subsection 5.4.6 of the German Corporate Governance Code.