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 2020/21, 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 1 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 2020/21 are as follows:
€ |
Financial year |
Multiplier |
Fixed remuneration |
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|---|---|---|---|---|---|---|---|
Jürgen Steinemann, Chairman |
2019/20 |
|
240,000 |
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2020/21 |
|
240,000 |
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Xaver Schiller (Vice Chairman) |
2019/20 |
|
130,000 |
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2020/21 |
|
160,000 |
|||||
Marco Arcelli |
2019/20 |
|
70,000 |
||||
2020/21 |
|
120,000 |
|||||
Stefanie Blaser |
2019/20 |
|
90,000 |
||||
2020/21 |
|
120,000 |
|||||
Herbert Bolliger (until 19 February 2021) |
2019/20 |
|
90,000 |
||||
2020/21 |
|
50,000 |
|||||
Gwyn Burr |
2019/20 |
|
120,000 |
||||
2020/21 |
|
120,000 |
|||||
Thomas Dommel |
2019/20 |
|
120,000 |
||||
2020/21 |
|
120,000 |
|||||
Prof. Dr Edgar Ernst |
2019/20 |
|
160,000 |
||||
2020/21 |
|
160,000 |
|||||
Michael Heider |
2019/20 |
|
90,000 |
||||
2020/21 |
|
120,000 |
|||||
Udo Höfer |
2019/20 |
|
20,000 |
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2020/21 |
|
80,000 |
|||||
Peter Küpfer (until 19 February 2021) |
2019/20 |
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80,000 |
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2020/21 |
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33,333 |
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Rosalinde Lax |
2019/20 |
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20,000 |
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2020/21 |
|
80,000 |
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Dr Fredy Raas |
2019/20 |
|
120,000 |
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2020/21 |
|
120,000 |
|||||
Roman Šilha (since 19 February 2021) |
2019/20 |
|
0 |
||||
2020/21 |
|
80,000 |
|||||
Eva-Lotta Sjöstedt |
2019/20 |
|
80,000 |
||||
2020/21 |
|
80,000 |
|||||
Dr Liliana Solomon |
2019/20 |
|
113,333 |
||||
2020/21 |
|
80,000 |
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Alexandra Soto |
2019/20 |
|
80,000 |
||||
2020/21 |
|
120,000 |
|||||
Stefan Tieben (since 19 February 2021) |
2019/20 |
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0 |
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2020/21 |
|
53,333 |
|||||
Manuela Wetzko |
2019/20 |
|
20,000 |
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2020/21 |
|
106,666 |
|||||
Angelika Will |
2019/20 |
|
80,000 |
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2020/21 |
|
80,000 |
|||||
Manfred Wirsch |
2019/20 |
|
80,000 |
||||
2020/21 |
|
80,000 |
|||||
Silke Zimmer |
2019/20 |
|
80,000 |
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2020/21 |
|
80,000 |
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Total2 |
2019/20 |
|
1,883,333 |
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2020/21 |
|
2,283,332 |
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In financial year 2020/21, 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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|---|---|---|---|---|---|---|
Xaver Schiller |
2019/20 |
9,000 |
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2020/21 |
9,000 |
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Thomas Dommel |
2019/20 |
4,500 |
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2020/21 |
4,500 |
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Michael Heider |
2019/20 |
6,000 |
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2020/21 |
6,000 |
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Rosalinde Lax |
2019/20 |
6,000 |
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2020/21 |
6,000 |
|||||
Manuela Wetzko |
2019/20 |
6,000 |
||||
2020/21 |
6,000 |
|||||
Manfred Wirsch |
2019/20 |
6,000 |
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2020/21 |
6,000 |
|||||
Total |
2019/20 |
37,500 |
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2020/21 |
37,500 |
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Outside their committee activities , 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.
Outlook
On 19 February 2021, the Annual General Meeting passed a resolution on the remuneration of the members of the Supervisory Board and the associated amendment to § 13 of the Articles of Association with a majority of 99.72%, in accordance with § 113 Section 3 of the German Stock Corporation Act. According to this resolution, the fixed remuneration of the ordinary members of the Supervisory Board remains unchanged. However, from financial year 2021/22 onwards, it will be further differentiated with regard to the time spent and the intensity of work associated with various functions on the Supervisory Board. The regulations of the revised version of § 13 of the Articles of Association will be applicable as of 1 October 2021 and will then replace the previous regulation of the Articles of Association regarding the remuneration of the Supervisory Board.