Remuneration of the supervisory board

The remuneration paid to the Supervisory Board is specified in article 15 of the Company’s Statutes. This stipulates that the members of the Supervisory Board of DEUTZ AG receive fixed annual remuneration of €22,500. They also receive a fee of €2,500 for each Supervisory Board meeting they attend and are reimbursed for their out-of-pocket expenses. The chairman of the Supervisory Board receives double these amounts, and his deputy one-and-a-half times.

In addition, each member of a Supervisory Board committee receives an attendance fee of €2,500 for each committee meeting attended. The chairman of a committee is entitled to twice this sum, his deputy to one-and-a-half times the amount.

In addition, DEUTZ reimburses the members of the Supervisory Board for any VAT they incur in connection with the performance of their mandate.

The following table shows the breakdown of total remuneration paid to members of the Supervisory Board for their work as Supervisory Board members:

  Fixed remuneration Attendance fees Total
     
Hans-Georg Härter
Chairman
45,000 75,000 120,000
Werner Scherer
Deputy Chairman
33,750 60,000 93,750
Sabine Beutert 22,500 25,000 47,500
Hans-Peter Finken 22,500 15,000 37,500
Gisela Füssel 22,500 15,000 37,500
Dr Ing Hermann Garbers 22,500 15,000 37,500
Gerhard Gehweiler
(from 1 June 2017 )
13,192 12,500 25,692
Göran Gummeson 22,500 17,500 40,000
Leif Peter Karlsten 22,500 15,000 37,500
Herbert Kauffmann 22,500 52,500 75,000
Alois Ludwig 22,500 15,000 37,500
Dr Witich Roßmann 22,500 12,500 35,000
Dr Herbert Vossel
(until 31 May 2017 )
9,308 9,308
Total 303,750 330,000 633,750