Compensation of members of the Supervisory Board

Until 21 February 2017, the Supervisory Board of METRO AG (formerly trading under & Food Specialist AG) consisted of 3 members, namely Mr Michael Bouscheljong, Mr Hans-Dieter Hinker and Mr Harald Sachs. They were employees of the former METRO AG (now: CECONOMY AG) and are now employees of today’s METRO AG. In accordance with the formerly valid Articles of Association of the company, these members of the Supervisory Board did not receive any remuneration for their membership on the Supervisory Board.

With effect on 21 February 2017, the Supervisory Board was augmented to 20 members, now consisting of completely new personnel.

In accordance with § 13 of METRO AG’s Articles of Association, the members of the Supervisory Board receive a fixed yearly remuneration amount. It amounts to €80,000 for each individual member.

Against the background of the division of the group, the members of the Supervisory Board, who are or were also members of the Supervisory Board of CECONOMY AG (formerly METRO AG), waived compensation for the period between the effective date of their appointment (21 February 2017) and the effective date of the demerger (12 July 2017).

The value added tax payable to the respective compensation 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 compensation 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 compensation for only 1 office; in the case of different levels of remuneration, the member is compensated for the most highly paid office.

Remuneration factors

 

 

1

With a minimum of 2 meetings/resolutions.

Chairman of the Supervisory Board

 

Vice Chairman

 

Committee chairpersons1

 

Committee members1

 

Members of the Supervisory Board

 

The relevant individual amounts for financial year 2016/17 are as follows:

Remuneration of members of the Supervisory Board for financial year 2016/17 pursuant to § 13 of the Articles of Association1

 

Financial year

 

Multiplier

 

Fixed salary

1

Plus potentially applicable value added tax in accordance with § 13 Section 5 of the Articles of Association.

Jürgen B. Steinemann, Chairman

 

2016/17

 

 

60,000

Werner Klockhaus, Vice Chairman

 

2016/17

 

 

40,000

Gwyn Burr

 

2016/17

 

 

20,000

Thomas Dommel

 

2016/17

 

 

20,000

Prof. Dr Edgar Ernst

 

2016/17

 

 

100,000

Dr Florian Funck

 

2016/17

 

 

30,000

Michael Heider

 

2016/17

 

 

53,333

Andreas Herwarth

 

2016/17

 

 

30,000

Peter Küpfer

 

2016/17

 

 

20,000

Susanne Meister

 

2016/17

 

 

20,000

Dr Angela Pilkmann

 

2016/17

 

 

20,000

Mattheus P. M. (Theo) de Raad

 

2016/17

 

 

20,000

Dr Fredy Raas

 

2016/17

 

 

30,000

Xaver Schiller

 

2016/17

 

 

30,000

Eva-Lotta Sjöstedt

 

2016/17

 

 

53,333

Dr. Liliana Solomon

 

2016/17

 

 

76,667

Alexandra Soto

 

2016/17

 

 

53,333

Angelika Will

 

2016/17

 

 

20,000

Manfred Wirsch

 

2016/17

 

 

53,333

Silke Zimmer

 

2016/17

 

 

53,333

Total

 

2016/17

 

 

 

803,332

In financial year 2016/17, individual members of the Supervisory Board of METRO AG also received compensation from the group companies for Supervisory Board mandates at group companies.

Other intra-group compensation of members of the Supervisory Board for financial year 2016/171

 

Financial year

 

 

1

Plus potentially applicable value added tax.

2

This compensation of the Supervisory Board will be credited against the salary paid by METRO AG.

Werner Klockhaus

 

2016/17

 

9,300

Michael Bouscheljong2

 

2016/17

 

9,200

Thomas Dommel

 

2016/17

 

4,500

Michael Heider

 

2016/17

 

6,000

Harald Sachs2

 

2016/17

 

6,200

Xaver Schiller

 

2016/17

 

9,000

Manfred Wirsch

 

2016/17

 

6,000

Total

 

2016/17

 

50,200

Until the demerger took effect, today’s CECONOMY AG was the parent company of today's METRO AG, which was formerly trading under METRO Wholesale & Food Specialist AG. The following compensation for individual members of the Supervisory Board of METRO AG was granted by CECONOMY AG for members of the Supervisory Board of CECONOMY AG:

Compensation for the members of the Supervisory Board paid by Ceconomy AG for financial year 2016/171

 

Financial year

 

 

1

Plus potentially applicable value added tax.

Gwyn Burr

 

2016/17

 

66,667

Thomas Dommel

 

2016/17

 

66,667

Dr Florian Funck

 

2016/17

 

120,000

Andreas Herwarth

 

2016/17

 

100,000

Werner Klockhaus

 

2016/17

 

133,333

Peter Küpfer

 

2016/17

 

90,000

Susanne Meister

 

2016/17

 

66,667

Dr Angela Pilkmann

 

2016/17

 

66,667

Mattheus P. M. (Theo) de Raad

 

2016/17

 

66,667

Dr Fredy Raas

 

2016/17

 

113,333

Xaver Schiller

 

2016/17

 

100,000

Jürgen B. Steinemann

 

2016/17

 

200,000

Angelika Will

 

2016/17

 

80,000

Total

 

2016/17

 

1,270,001

Beyond this, the members of the Supervisory Board were not granted any remuneration or benefits for work performed, in particular consulting and brokerage services, on behalf of companies of METRO in the sense of Subsection 5.4.6 of the German Corporate Code.

Wholesale, METRO Wholesale
The METRO Wholesale segment comprises the METRO Cash & Carry sales line of METRO AG with more than 750 wholesale markets across 25 countries worldwide. The delivery business (food service distribution) is also part of this segment, with companies like METRO Delivery Service and the delivery specialists Classic Fine Foods, Pro à Pro and Rungis Express.
Glossary
Governance
Principles governing the management and supervision of the different players who have an influence on a company.
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