Executive Board
- Membership of other statutory supervisory boards
- Membership of comparable supervisory bodies of business enterprises in Germany or other countries
Claus-Matthias Böge, Hamburg, Executive Board Spokesman
- Palladium Praha s.r.o. (since 20 November 2009)
Olaf Borkers, Hamburg
The remuneration of the members of the Supervisory Board totalled €223 thousand in the period under review, which breaks down as follows:
| in € thousands | Total 2009 | Previous year |
|---|---|---|
| Manfred Zaß | 59.50 | 83.30 |
| Dr. Michael Gellen | 44.62 | 62.48 |
| Thomas Armbrust | 29.75 | 41.65 |
| Alexander Otto | 29.75 | 41.65 |
| Dr. Jörn Kreke | 29.75 | 41.65 |
| Dr. Bernd Thiemann | 29.75 | 41.65 |
| Including 19% value added tax | 223.12 | 312.38 |
No advances or loans were granted to the members of the Supervisory Board.
The remuneration of the Executive Board totalled €893 thousand, which breaks down as follows:
| in € thousands | Fixed remuneration | Variable remuneration | Other benefits | Total | Total previous year |
|---|---|---|---|---|---|
| Claus-Matthias Böge | 300 | 250 | 65 | 615 | 615 |
| Olaf G. Borkers | 168 | 100 | 10 | 278 | 278 |
Other benefits include the provision of a car for business and private use and contributions to a pension scheme.
No advances or loans were granted to members of the Executive Board. The Company has not entered into any contingencies or commitments in favour of these persons.
In the event that the Company were to choose not to renew the existing contracts of the members of the Executive Board upon their expiry, Claus-Matthias Böge would receive a one-off severance payment of €150 thousand and Olaf Borkers would receive three months’ salary. For further details, please see the supplementary disclosures on remuneration in the management report.