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DES - Online Annual Report 2009

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Executive Board

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My Annual Report

Executive Board

  1. Membership of other statutory supervisory boards
  2. Membership of comparable supervisory bodies of business enterprises in Germany or other countries

Claus-Matthias Böge, Hamburg, Executive Board Spokesman

  1. 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.

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