The Executive Board of Salzgitter AG

The Executive Board manages the company under its own responsibility in accordance with the German Stock Corporation Act. It determines the strategic direction and the future development of the company together with the Supervisory Board. In carrying out these activities, the Executive Board is bound by the interests of the company. It strives to achieve the highest possible return on capital employed within the scope of the corporate purpose. The Supervisory Board has determined that certain business transactions may only be carried out with Supervisory Board approval.

The Executive Board currently comprises three members consisting of the Chief Executive Officer, the Chief Financial Officer and the Chief Personnel Officer. The Supervisory Board has assigned each Executive Board member a portfolio of responsibilities for specific organization units and has specified the decisions for which all Executive Board members are jointly responsible. The management of the four business units is the joint responsibility of all the members. A Group Management Board is at hand to assist them. Members of this board are the three Executive Board members and generally one manager from each of the four business units who coordinates the activities of his respective business unit (business unit manager).

The members of the Executive Board are liable to the company for any dereliction of duty. The company’s D&O insurance provides for an appropriate deductible that accords with statutory requirements.

The following members are members of the Executive Board of SZAG and hold memberships in a) supervisory boards required by law and b) comparable domestic and foreign supervisory bodies of commercial enterprises.

Remuneration Report 2021 for the Executive Board and Supervisory Board

According to §120a sect.4 sent. 1 AktG, the remuneration report for the financial year 2021 still is subject to the endorsement by the general assembly of shareholders, which is planned for June 2nd, 2022.

Remuneration system of Salzgitter AG’s Board of Directors

PDF, 542 KB

Resolution of the Shareholders‘ Meeting of 2020/07/08 to the Remune­ration system of Salzgitter AG’s Board of Directors

PDF, 60 KB

Executive Board members

Gunnar Groebler

Chief Executive Officer

Profile

Gunnar Groebler, born 1972, studied mechanical engineering at RWTH Aachen University. He embarked on his career in 1999 in the Corporate Development department of Berlin-based VEAG Vereinigte Energiewerke AG. Over the years from 2001 to 2002, Groebler was part of the Corporate Development project group for the formation of Vattenfall Europe AG, where he subsequently worked in the Corporate Development department. In 2003 Gunnar Groebler moved to the Group Strategies department of Vattenfall AB in Sweden.

In 2005 he returned to Germany as head of Procurement at Vattenfall Europe AG. Between 2007 and 2011, Groebler was initially responsible for corporate development, later for the Mergers & Acquisitions and finally for Vattenfall Europe AG’s Corporate Development/M&A Department before being appointed head of the Business Unit Hydro Germany. In 2014 he became Chairman of the Management Board of Vattenfall Europe Windkraft GmbH and Head of the Business Unit Renewables Europe / United Kingdom. From 2015 onward, Gunnar Groebler was responsible for the Business Area Wind as member of the Executive Group Management of the Vattenfall Group.

Gunnar Groebler has been a member of Salzgitter AG’S Executive Board since May 2021 and Chairman of the Executive Board since July 2021.

Mandates

Non-listed consolidated companies:

a)

  • Ilsenburger Grobblech GmbH (Chairman), Ilsenburg, since July 1, 2021
  • KHS GmbH, Dortmund, since July 1, 2021
  • Mannesmann Precision Tubes GmbH, Mülheim an der Ruhr, since July 1, 2021
  • Peiner Träger GmbH, Peine (Chairman), since July 1, 2021
  • Salzgitter Flachstahl GmbH, Salzgitter  (Chairman), since July 1, 2021
  • Salzgitter Mannesmann Grobblech GmbH, Mülheim an der Ruhr (Chairman),  since July 1, 2021
  • Salzgitter Mannesmann Handel GmbH, Düsseldorf (Chairman), since July 1, 2021

b)

  • Ilsenburger Grobblech GmbH, Ilsenburg, and Salzgitter Mannesmann Grobblech GmbH, Mülheim an der Ruhr (Joint Advisory Council, Chairman), since July 1, 2021


Other non-listed companies:

    b)

    • Semco Maritime A / S, Esbjerg, Denmark

    Listed companies:

    a)

    • Aurubis AG, Hamburg, since October 1, 2021

    Burkhard Becker

    Finance

    Profile

    Burkhard Becker, born in 1960, nationality german, studied Economics at University of Bonn. He began his career in 1983 as an assistant auditor with the auditing firm Arthur Young in Düsseldorf.

    In 1985, Becker joined the Controlling Department of Friedr. Krupp GmbH in Essen, later renamed as Friedr. Krupp AG Hoesch-Krupp. From 1993 onwards, he headed up Controlling at KruppHoesch Verarbeitung GmbH in Dortmund before becoming a member of the Management Board of Krupp Kunststofftechnik GmbH in 1997. Between 1998 and 2007, Becker served as member of the Management Board of ThyssenKrupp VDM GmbH in Werdohl.

    In 2008, Becker was appointed Chief Financial Officer for Klöckner-Werke AG, today Salzgitter Klöckner-Werke GmbH, as well as its main subsidiary KHS AG, now KHS GmbH. In this function he was responsible for Controlling, Accounting, IT and Human Resources.

    Burkhard Becker has been Member of the Executive Board of Salzgitter AG for Finance since February 1, 2011.

    Mandates

    Non-listed consolidated companies:

    a)

    • Hüttenwerke Krupp Mannesmann GmbH, Duisburg (Second Vice Chairman),  since July 16, 2021
    • EUROPIPE GmbH, Mülheim an der Ruhr  
    • KHS GmbH, Dortmund (Chairman since September 23, 2021)
    • Peiner Träger GmbH, Peine
    • Salzgitter Flachstahl GmbH, Salzgitter
    • Salzgitter Mannesmann Handel GmbH, Düsseldorf
    • Mannesmann Precision Tubes GmbH, Mülheim an der Ruhr, since October 1, 2021 (Chairman since November 19, 2021)

    b)

    • Hansaport Hafenbetriebsgesellschaft mbH, Hamburg
    • Ilsenburger Grobblech GmbH, Ilsenburg, and Salzgitter Mannesmann Grobblech GmbH, Mülheim an der Ruhr (Joint Advisory Council)


    Other non-listed companies:

    a)

    • Warburg Invest AG, Hanover

    Michael Kieckbusch

    Personnel

    Profile

    Michael Kieckbusch, born in 1961, nationality german, studied economics in Hanover after completing his military service. He began his career as a Group trainee at Salzgitter AG in 1989.

    From 1991 to 1994, Kieckbusch was in charge of personnel planning at Preussag Stahl AG, the nucleus of today's Salzgitter AG. After a year as head of the Personnel Controlling / Basic Strategy unit within the Central Personnel Department of the Haftpflichtverband der Deutschen Industrie VVaG (liability insurance for German industry), he was appointed Director of Human Resources of Preussag Stahl AG and as a representative of the German steel industry on the Social Committee of the European steel industry in 1995.

    In 1998, Kieckbusch became Managing Director of PPS Personal-, Produktions- und Servicegesellschaft mbH, later SZST Salzgitter Service und Technik GmbH, a company that comprised key service functions for the Salzgitter Group. He was appointed a member of the Management Board and Industrial Relations Director of Salzgitter Stahl GmbH and to the equivalent positions at Salzgitter Flachstahl GmbH, Peiner Träger GmbH and Ilsenburger Grobblech GmbH in 2001. Kieckbusch is a lecturer at the Technical University of Braunschweig and a member of the Board of Trustees of the Hans Böckler Foundation. In addition, he has been Chairman / Vice Chairman of the European Commission's Sectoral Social Dialogue Committee on Steel since 2006.

    Michael Kieckbusch has been a member of Salzgitter AG's Executive Board since 2013 and is responsible for Personnel.

    Mandates

    Non-listed consolidated companies:

    a)

    • KHS GmbH, Dortmund
    • Mannesmann Precision Tubes GmbH, Mülheim an der Ruhr
    • Peiner Träger GmbH, Peine
    • Salzgitter Flachstahl GmbH, Salzgitter 
    • Salzgitter Mannesmann Handel GmbH, Düsseldorf 
    • Verkehrsbetriebe Peine-Salzgitter GmbH, Salzgitter (Chairman)

    b)

    • Hansaport Hafenbetriebsgesellschaft mbH, Hamburg (Supervisory Board, Chairman) 
    • Ilsenburger Grobblech GmbH, Ilsenburg, and Salzgitter Mannesmann Grobblech GmbH,
      Mülheim an der Ruhr (Joint Advisory Council)


    Other non-listed companies:

    b)

    • Allianz für die Region GmbH, Braunschweig (Supervisory Board)
    • Projektgesellschaft Salzgitter-Watenstedt GmbH, Salzgitter (Supervisory Board, Vice Chairman) 
    • Wohnungsbaugesellschaft mbH Salzgitter, Salzgitter (Supervisory Board, Vice Chairman)