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 /  /  / Management and Control

Management and Control

The Executive Board

The members of the Executive Board of Salzgitter AG (SZAG) are appointed by the Supervisory Board. The Supervisory Board can rescind the appointment for an important reason. The Executive Board represents, heads up the company and manages the company's business under its own responsibility. A restriction that certain transactions may only be concluded subject to the approval of the Supervisory Board has been imposed. The General Meeting of Shareholders can only decide matters affecting the management of the Group if this has been requested by the Executive Board.

In the financial year 2016, the following members belonged to the Executive Board of SZAG:

Prof. Dr.-Ing. Heinz Jörg Fuhrmann CEO
Chairman

a)

  • Aurubis AG, Hamburg (Chairman)
  • Hüttenwerke Krupp Mannesmann GmbH, Duisburg (Chairman)
  • Ilsenburger Grobblech GmbH, Ilsenburg (Chairman)
  • KHS GmbH, Dortmund (Chairman)
  • Mannesmannröhren-Werke GmbH, Mülheim an der Ruhr (Chairman)
  • Öffentliche Lebensversicherung Braunschweig, Braunschweig
  • Öffentliche Sachversicherung Braunschweig, Braunschweig
  • Peiner Träger GmbH, Peine (Chairman)
  • Salzgitter Flachstahl GmbH, Salzgitter (Chairman)
  • Salzgitter Mannesmann Grobblech GmbH, Mülheim an der Ruhr (Chairman)
  • Salzgitter Mannesmann Handel GmbH, Düsseldorf (Chairman)
  • Salzgitter Mannesmann Precision GmbH, Mülheim an der Ruhr (Chairman), since March 1, 2016
  • TÜV Nord AG, Hanover

b)

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

Burkhard Becker
Finance

a)

  • Aurubis AG, Hamburg
  • EUROPIPE GmbH, Mülheim an der Ruhr
  • Ilsenburger Grobblech GmbH, Ilsenburg, until June 2, 2016
  • KHS GmbH, Dortmund, since July 1, 2016
  • Mannesmannröhren-Werke GmbH, Mülheim an der Ruhr
  • Nord/LB Asset Management AG, Hanover
  • Peiner Träger GmbH, Peine
  • Salzgitter Flachstahl GmbH, Salzgitter, until September 30, 2016
  • Salzgitter Mannesmann Grobblech GmbH, Mülheim an der Ruhr
  • Salzgitter Mannesmann Handel GmbH, Düsseldorf, since July 1, 2016
  • Salzgitter Mannesmann Precision GmbH, Mülheim an der Ruhr

b)

 

  • Ilsenburger Grobblech GmbH, Ilsenburg, and Salzgitter Mannesmann Grobblech GmbH, Mülheim an der Ruhr (Joint Advisory Council)
  • KHS Industria de Márquineas Ltda., São Paulo, Brazil (Advisory Council)
  • KHS Mexico S.A. de C.V., Zinacantepec, Mexico (Board of Directors), until June 27, 2016
  • KHS USA, Inc., Waukasha, USA (Board of Directors)

Michael Kieckbusch
Personnel

a)

  • KHS GmbH, Dortmund
  • Ilsenburger Grobblech GmbH, Ilsenburg until June 2, 2016
  • Mannesmannröhren-Werke 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)

  • Allianz für die Region GmbH, Braunschweig (Supervisory Board)
  • Hansaport Hafenbetriebsgesellschaft mbH, Hamburg (Supervisory Board, Chairman)
  • Ilsenburger Grobblech GmbH, Ilsenburg, and Salzgitter Mannesmann Grobblech GmbH, Mülheim/Ruhr (Joint Advisory Council)
  • Industriepark Salzgitter-Watenstedt Entwicklungs-GmbH, Salzgitter (Supervisory Board, Vice Chairman)
  • Wohnungsbaugesellschaft mbH Salzgitter, Salzgitter (Supervisory Board)

a) Membership in other supervisory boards formed subject to the definition of Section 125 German Stock Corporation Act (AktG)
b) Membership in comparable domestic and foreign controlling bodies of commercial enterprises

Group Management Board

Prof. Dr.-Ing. Heinz Jörg Fuhrmann CEO
Chairman

Burkhard Becker
Finance

Ulrich Grethe
Strip Steel Business Unit

Michael Kieckbusch
Personnel

Prof. Dr.-Ing. Matthias Niemeyer
Technology Business Unit

Dr.-Ing. Roger Schlim
Plate / Section Steel Business Unit

Prof. Dr. jur. Gerd Schöler
Trading Business Unit until September 30, 2016

Volker Schult
Trading Business Unit since October 1, 2016

Dr. Clemens Stewing
Mannesmann Business Unit

Supervisory Board

Rainer Thieme
Chairman until March 30, 2016 Chairman of the Management Board of Wilhelm Karmann GmbH, retired, Osnabrück

a)

  • Köster Holding AG, Osnabrück

Heinz-Gerhard Wente
Chairman since April 1, 2016 Member of the Management Board of Continental AG, retired, Hanover
Vice President of the Hanover Chamber of Industry and Commerce (IHK) until January 31, 2016

  • No membership in other governing bodies

Dr. Hans-Jürgen Urban
Vice Chairman
Chairman Member of the Management Board of Industriegewerkschaft Metall, Frankfurt am Main

a)

  • Salzgitter Flachstahl GmbH, Salzgitter (Vice Chairman)

Konrad Ackermann
Chairman of the General Works Council of KHS GmbH, Dortmund

a)

  • KHS GmbH, Dortmund

Bernhard Breemann
until August 31, 2016
Chairman of the General Works Council of Salzgitter Mannesmann Stahlhandel GmbH Chairman of the Works Council of Salzgitter Mannesmann Stahlhandel GmbH, Gladbeck

a)

  • Salzgitter Mannesmann Handel GmbH, until December 31, 2016

Ulrike Brouzi
Member of the Management Board of Norddeutsche Landesbank Girozentrale, Hanover

a)

  • NORD/LB Asset Management AG, Hanover (Vice Chairwoman of the Supervisory Board)

b)

  • NORD/LB Luxembourg S. A., Luxembourg (Supervisory Board)
  • NORD/LB Covered Finance Bank S.A., Luxembourg (Supervisory Board)

Annelie Buntenbach
Managing Member of the National Executive Board of the German Trade Union Federation (DGB), Berlin

  • No membership in other governing bodies

Hasan Cakir
Chairman of the Group Works Council of Salzgitter AG, Salzgitter
Chairman of the Works Council of Salzgitter Flachstahl GmbH, Salzgitter

a)

  • Salzgitter Flachstahl GmbH, Salzgitter

Ulrich Dickert
Chairman of the Works Council of Salzgitter Mannesmann Stainless Tubes Deutschland GmbH, Remscheid

a)

  • Mannesmannröhren-Werke GmbH, Mülheim an der Ruhr

Tina Dreßen
since September 1, 2016
Vice Chairwoman of the Works Council of Salzgitter Mannesmann Handel GmbH, Düsseldorf

  • No membership in other governing bodies

Dr. Thea Dückert
Member of the Bundestag, retired Member of the German national council for impact assessment (NKR) of the German Federal Government, Berlin

b)

  • Norddeutscher Rundfunk, Hamburg (Board of Administration)

Karl Ehlerding
Managing Director of KG Erste "Hohe Brücke 1" Verwaltungs-GmbH & Co., Hamburg

a)

  • Elbstein AG, Hamburg (Chairman)
  • KHS GmbH, Dortmund
  • MATERNUS-Kliniken AG, Berlin
  • WCM Beteiligungs- und Grundbesitz-AG, Frankfurt am Main

b)

  • German Dry Docks GmbH & Co. KG, Bremerhaven (Board of Administration)
    until May 24, 2016

Roland Flach
Chairman of the Executive Board of Klöckner-Werke AG, retired, Duisburg Chairman of the Management Board of KHS AG, retired, Dortmund

a)

  • KHS GmbH, Dortmund

Gabriele Handke
Vice Chairwoman of the Works Council of Peiner Träger GmbH, Peine

a)

  • Peiner Träger GmbH, Peine, since June 2, 2016

Prof. Dr.-Ing. Dr. h. c. Jürgen Hesselbach
President of the Technische Universität Carolo-Wilhelmina zu Braunschweig, Braunschweig

a)

  • Öffentliche Lebensversicherung Braunschweig, Braunschweig
  • Öffentliche Sachversicherung Braunschweig, Braunschweig

Ulrich Kimpel
Chairman of the Works Council of Hüttenwerke Krupp Mannesmann GmbH, Duisburg

a)

  • Mannesmannröhren-Werke GmbH, Mülheim an der Ruhr

Dr. Dieter Köster
Managing Shareholder of HomeStead GmbH & Co. KG, Osnabrück Chairman of the Executive Board Board of Köster Holding AG, retired, Osnabrück

a)

  • Köster Holding AG, Osnabrück (Chairman)
  • Klinikum Osnabrück GmbH, Osnabrück

Bernd Lauenroth
Secretary of the Management Board of Industriegewerkschaft Metall, Branch Office Düsseldorf

a)

  • Georgsmarienhütte Holding GmbH, Georgsmarienhütte
  • Aluminium Norf GmbH, Neuss
  • Hydro Aluminium Rolled Products GmbH, Grevenbroich, since April 27, 2016

b)

  • Norsk Hydro Deutschland Verwaltungs GmbH, Grevenbroich (Supervisory Board), April 27, 2016 until October 25, 2016
  • Hydro Aluminium Deutschland GmbH Grevenbroich (Supervisory Board), since April 27, 2016

Volker Mittelstädt
Chairman of the Works Council of Ilsenburger Grobblech GmbH, Ilsenburg

a)

  • Ilsenburger Grobblech GmbH, Ilsenburg, (Vice Chairman) since June 2, 2016

b)

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

Prof. Dr. Hannes Rehm
Chairman of the Executive Board of Norddeutsche Landesbank Girozentrale, retired, Hanover
President of the Hanover Chamber of Industry and Commerce (IHK), Hanover, until January 31, 2016
General Manager of Nord-Ostdeutsche Bankbeteiligungs GmbH, Hanover

  • No membership in other governing bodies

Peter-Jürgen Schneider
Minister of Finance of the Federal State of Lower Saxony

a)

  • Bremer Landesbank, Bremen (Vice Chairman)
  • Deutsche Messe AG, Hanover
  • Norddeutsche Landesbank Girozentrale,Hanover (Chairman)

b)

  • Kreditanstalt für Wiederaufbau, Frankfurt am Main, (Board of Administration)

Univ.-Prof. Dr. Dr.-Ing. Birgit Spanner-Ulmer
Director of Production and Technology Bayerischer Rundfunk, Munich

b)

  • Bavaria Studios & Production und Services GmbH, Geiselgasteig (Supervisory Board)
  • Bayerische Medien Technik GmbH, Munich (General Meeting of Shareholders)
  • Bayern Digital Radio GmbH, Munich (Supervisory Board)

Dr. Werner Tegtmeier
State Secretary, retired, of the Federal Ministry of Labor and Social Affairs

a)

  • Mannesmannröhren-Werke GmbH, Mülheim an der Ruhr until June 30, 2016
  • Salzgitter Mannesmann Precision GmbH, Mülheim an der Ruhr until June 30, 2016

a) Membership in other supervisory boards formed subject to the definition of Section 125 German Stock Corporation Act (AktG)
b) Membership in comparable domestic and foreign controlling bodies of commercial enterprises

Committees of the Supervisory Board

Presiding Committee:
Rainer Thieme, Chairman, until March 31, 2016
Heinz-Gerhard Wente, Chairman, since April 1, 2016
Hasan Cakir Peter-Jürgen Schneider
Dr. Hans-Jürgen Urban

Audit Committee:
Prof. Dr. Hannes Rehm, Chairman
Konrad Ackermann
Bernd Lauenroth
Rainer Thieme until March 31, 2016
Heinz-Gerhard Wente since April 1, 2016

Strategy Committee:
Rainer Thieme, Chairman, until March 31, 2016
Heinz-Gerhard Wente, Chairman, since April 1, 2016
Hasan Cakir
Ulrich Kimpel
Prof. Dr. Hannes Rehm
Peter-Jürgen Schneider
Dr. Hans-Jürgen Urban

Nomination Committee:
Peter-Jürgen Schneider
Rainer Thieme until March 31, 2016
Heinz-Gerhard Wente since April 1, 2016

Remuneration of the Executive Board and of the Supervisory Board

Remuneration of the Executive Board
The remuneration of the members of the Executive Board is determined by their tasks and their own individual performance as well as by the success of the company. The amount of remuneration is based overall on the level customary in the comparable business environment.

Under the current remuneration system, remuneration consists of the following components: an annual fixed basic salary (to be paid out in equal monthly installments), supplementary benefits (consisting mainly of making a company car available for private use), variable annual remuneration, and a pension commitment. Variable remuneration depends partly on the personal performance of the individual Board member in the respective financial year and partly on the success of the company, measured by the return on capital employed (ROCE) calculated as an average of the past five years. The multi-year assessment basis has an incentive effect that promotes the sustainable development of the company. Both components of the variable remuneration are capped.

The amount of pension commitment depends on the length of service to the Group and is a maximum 60 % of the fixed salary. The variable remuneration components are not relevant for pension commitments. Pension entitlement is valid when an Executive Board member reaches the age of 65. If Prof. Dr.-Ing. Fuhrmann retires from the company at its request at the age of 59 or at his own wish after having reached the age of 61, he will be deemed eligible for payments as if he had already reached the age of 65. In the event that the company does not offer Mr. Becker and Mr. Kieckbusch further terms of office when their employment contracts expire, they will upon reaching the age of 61 (Mr. Becker) or 60 (Mr. Kieckbusch) be deemed eligible for payments as if they had reached the age of 65. In the event of premature termination of Executive Board member activities due to a change of control, the Board members are entitled to settlement in the amount of overall remuneration for the remaining term of their contracts of employment. This settlement is, however, capped to the value of three years of remuneration. Should Executive Board activities be terminated without an important reason, the Executive Board members are entitled to the remuneration agreed until expiry of the contract. However, this entitlement is restricted to the amount of two years' remuneration (fixed and variable components). No benefits were granted or pledged by external parties to the individual members of the Executive Board in the financial year 2016 or in 2015 for their activities as Executive Board members.

Remuneration received by the individual members of the Executive Board (benefits accorded for the year)

Prof. Dr.-Ing.
Heinz Jörg Fuhrmann
CEO
Burkhard Becker
CFO
In k€ 2015 2016 2016 (min.) 2016 (max.) 2015 2016 2016 (min.) 2016 (max.)
Fixed remuneration 984 1,020 1,020 1,020 535 540 540 540
Benefits 21 18 18 18 24 24 24 24
Total 1,005 1,038 1,038 1,038 559 564 564 564
One-year variable remuneration1)2) 590 523 0 595 345 315 0 315
Multi-year variable remuneration 0 0 0 850 0 0 0 450
Total1)2) 1,595 1,561 1,038 2,483 904 879 564 1,329
Pension expenses3) 314 324 324 324 154 166 166 166
Total remuneration1)2) 1,909 1,885 1,362 2,807 1,058 1,045 730 1,495
Michael Kieckbusch
Personnel
In k€ 2015 2016 2016 (min.) 2016 (max.)
Fixed remuneration 520 540 540 540
Benefits 44 41 41 41
Total 564 581 581 581
One-year variable remuneration1)2) 315 315 0 315
Multi-year variable remuneration 0 0 0 450
Total1)2) 879 896 581 1,346
Pension expenses3) 170 208 208 208
Total remuneration1)2) 1,049 1,104 789 1,554

Remuneration received by the individual members of the Executive Board members (income for the year)

Prof. Dr.-Ing.
Heinz Jörg Fuhrmann
CEO
Burkhard Becker
CFO
Michael Kieckbusch
Personnel
In k€ 2015 2016 2015 2016 2015 2016
Fixed remuneration 984 1,020 535 540 520 540
Benefits 21 18 24 24 44 41
Total 1,005 1,038 559 564 564 581
One-year variable remuneration1)2) 590 523 345 315 315 315
Multi-year variable remuneration 0 0 0 0 0 0
Total1)2) 1,595 1,561 904 879 879 896
Pension expenses3) 314 324 154 166 170 208
Total remuneration1)2) 1,909 1,885 1,058 1,045 1,049 1,104

Overall remuneration received by the active members of the Executive Board for their activities in the financial year amounted to k€ 4,034 in total (previous year: k€ 4,016).

Pensions

Annual payment Allocation to pension provision Present value of the
obligation
In € upon pension eligibility according to HGB according to IFRS according to HGB according to IFRS
Prof. Dr.-Ing.
Heinz Jörg Fuhrmann
Chairman
2016
2015
612,0001)
612,0001)
323,260
1,747,609
1,599,143
693,012
8,373,707
8,050,447
12,454,561
10,855,418
Burkhard Becker 2016
2015
324,0001)
324,0001)
137,394
972,821
846,386
520,687
3,801,905
3,664,511
6,011,661
5,165,275
Michael Kieckbusch 2016
2015
324,0001)
324,0001)
190,631
1,115,337
892,951
959,854
3,179,154
2,988,523
5,222,518
4,329,567

Remuneration of the Supervisory Board

Since the start of the current Supervisory Board's term of office on May 23, 2013, each member of the Supervisory Board has received a fixed amount of € 60,000 in accordance with a resolution passed by the 2013 Annual General Meeting of Shareholders. The fixed remuneration is double the amount for the Vice Chairman and three times the amount for the Chairman. In addition, each member receives € 5,000 for committee activities, the respective committee chairmen and members of the Audit Committee € 10,000, and the chairman of the Audit Committee € 30,000. The Chairman of the Supervisory Board and the Vice Chairman are not remunerated for membership in the committees. An attendance fee of € 500 is paid for participation in each Supervisory Board meeting; participation and decision making by way of telephone do not count as participating in a meeting.

Remuneration received by the individual members of the Supervisory Board

In € Annual remuneration
Fixed remuneration Committee remuneration Attendance fees Total
Heinz-Gerhard Wente, since 2015/09/16
Chairman since 2016/04/01
2016
2015
150,000
20,000
0
0
5,000
1,000
155,000
21,000
Rainer Thieme, Chairman
until 2016/03/31
2016
2015
45,000
180,000
0
0
2,000
7,000
47,000
187,000
Dr. Hans-Jürgen Urban,
Vice Chairman
2016
2015
120,000
120,000
0
0
4,500
4,500
124,500
124,500
Konrad Ackermann 2016
2015
60,000
60,000
10,000
10,000
4,000
4,000
74,000
74,000
Bernhard Breemann
until 2016/08/31
2016
2015
40.000
60,000
0
0
1,000
2,000
41,000
62,000
Ulrike Brouzi 2016
2015
60,000
60,000
0
0
2,000
1,500
62,000
61,500
Annelie Buntenbauch 2016
2015
60,000
60,000
0
0
1,500
2,000
61,500
62,000
Hasan Cakir 2016
2015
60,000
60,000
10,000
10,000
4,500
4,500
74,500
74,500
Ulrich Dickert 2016
2015
60,000
60,000
0
0
2,000
1,500
62,000
61,500
Tina Dreßen
since 2016/09/01
2016
2015
20,000
0
0
1,000
21,000
0
Dr. Thea Dückert 2016
2015
60,000
60,000
0
0
2,000
2,000
62,000
62,000
Karl Ehlerding 2016
2015
60,000
60,000
0
0
2,000
1,000
62,000
61,000
Roland Flach 2016
2015
60,000
60,000
0
0
2,000
2,000
62,000
62,000
Gabriele Handke
since 2015/03/01
2016
2015
60,000
50,000
0
0
2,000
2,000
62,000
52,000
Prof. Dr.-Ing. Dr. h.c.
Jürgen Hesselbach
2016
2015
60,000
60,000
0
0
2,000
2,000
62,000
62,000
Ulrich Kimpel 2016
2015
60,000
60,000
5,000
5,000
2,000
2,500
67,000
67,500
Dr. Dieter Köster 2016
2015
60,000
60,000
0
0
2,000
2,000
62,000
62,000
Bernd Lauenroth 2016
2015
60,000
60,000
10,000
10,000
4,000
4,000
74,000
74,000
Thomas Lehne
until 2015/02/28
2016
2015
0
10,000
0
0
0
0
0
10,000
Volker Mittelstädt 2016
2015
60,000
60,000
0
0
1,500
2,000
61,500
62,000
Prof. Dr. Hannes Rehm 2016
2015
60,000
60,000
35,000
35,000
4,500
4,500
99,500
99,500
Peter-Jürgen Schneider 2016
2015
60,000
60,000
10,000
10,000
5,000
6,000
75,000
76,000
Prof. Dr. Dr.-Ing.
Birgit Spanner-Ulmer
since 2016/04/27
2016
2015
45,000 0
0
1,500
46,500
0
Dr. Werner Tegtmeier 2016
2015
60,000
60,000
0
0
2,000
2,000
62,000
62,000
Dr. Johannes Teyssen
until 2015/09/15
2016
2015
0
45,000
0
0
0
500
0
45,500
Total 2016
2015
1,440,000
1,445,000
80,000
80,000
60,000
60,500
1,580,000
1,585,500

In addition, the following Supervisory Board members received remuneration for Supervisory Board mandates of subsidiaries

In € Annual remuneration
Fixed remuneration Committee remuneration Attendance fees Total
Konrad Ackermann
(KHS)
2016
2015
10,000
10,000
0
0
750
750
10,750
10,750
Bernhard Breemann
(SMHD)
2016
2015
10,000
10,000
0
0
300
300
10,300
10,300
Hasan Cakir
(SZFG)
2016
2015
8,000
8,000
0
0
400
400
8,400
8,400
Ulrich Dickert
(MRW)
2016
2015
10,000
10,000
0
0
200
300
10,200
10,300
Karl Ehlerding
(KHS)
2016
2015
10,000
10,000
0
0
750
250
10,750
10,250
Roland Flach
(KHS)
2016
2015
10,000
10,000
0
0
750
750
10,750
10,750
Gabriele Handke
(PTG)
2016
2015
2,917
0
0
0
300
0
3,217
0
Ulrich Kimpel
(MRW)
2016
2015
10,000
10,000
0
0
300
300
10,300
10,300
Thomas Lehne
(SZFG)
2016
2015
0
8,000
0
0
0
400
0
8,400
Volker Mittelstädt
(ILG/MGB)
2016
2015
5,625
3,000
0
0
400
400
6,025
3,400
Dr. Werner Tegtmeier
(MRW)
2016
2015
5,000
10,000
0
0
200
300
5,200
10,300
(SMP) 2016
2015
2,500
5,000
0
0
200
200
2,700
5,200
Dr. Hans-Jürgen Urban
(SZFG)
2016
2015
12,000
12,000
0
0
400
400
12,400
12,400
Total 2016
2015
96,042
106,000
0
0
4,950
4,750
100,992
110,750
Sum total 2016
2015
1,536,042
1,551,000
80,000
80,000
64,950
65,250
1,680,992
1,696,250
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