Executive Board

The Executive Board of Aurubis AG consists of three members: Jürgen Schachler (Chairman), Dr. Stefan Boel and Rainer Verhoeven

Members:

 

Jürgen Schachler

Chairman of the Executive Board

Dr. Stefan Boel

Member of the Executive Board

Rainer Verhoeven

Chief Financial Officer

Curriculum Vitae Curriculum Vitae Curriculum Vitae

 

You can find an overview of the contract periods of the members of the Executive Board of Aurubis AG here.

 

Name

Initially appointed

Appointed until

Jürgen Schachler

July 1, 2016

June 30, 2019

Dr. Stefan Boel

April 19, 2008

Juli 31, 2018

Rainer Verhoeven January 1, 2018 December 31, 2020

 

Compensation for the Executive Board is oriented toward long-term corporate development and is aligned with shareholder interests. In addition, it is designed in such a way that it is appropriate in comparison to our competitors.
 

Compensation for the Executive Board

The Supervisory Board defines the total compensation for the individual Executive Board members on the basis of proposals from the Personnel Committee and decides on and reviews the compensation system for the Executive Board at regular intervals. In the fiscal year 2016/17, the Supervisory Board fundamentally revised the compensation system. The aim of the new provisions is to orient Executive Board compensation toward long-term corporate development.

The new system applies to the new Chief Financial Officer, Mr. Rainer Verhoeven, who was appointed effective January 1, 2018. The old compensation system applied and initially will continue to apply to Executive Board members Mr. Jürgen Schachler and Dr. Boel as well as to the former Chief Financial Officer Mr. Erwin Faust.
 

Old compensation system

The old compensation system applied and initially will continue to apply to Executive Board members Mr. Jürgen Schachler and Dr. Boel as well as to the former Chief Financial Officer Mr. Erwin Faust.

Additional information on the structure of Executive Board compensation as well as compensation of Executive Board members can be found in the Compensation Report of our Annual Report.

Compensation Report for the Executive Board
 

New compensation system

The new compensation system complies with the requirements of the German Stock Corporation Act and the German Corporate Governance Code, particularly 4.2.3 of the German Corporate Governance Code, and builds upon the proven components of the old system. In particular, the new system includes multi-year, future-oriented variable compensation.

The new compensation system already applies to the Chief Financial Officer, Mr. Rainer Verhoeven, who was appointed effective January 1, 2018.

Additional information on the structure of the new compensation system as well as compensation of Executive Board members can be found in the Compensation Report of our Annual Report.

Explanation of the new compensation system

 

You can find the notifications currently subject to disclosure requirements from the last 180 days here.

In accordance with Art. 19(1) subparagraph 2 MAR,  members of the Executive and Supervisory Boards of a public company as well as closely related persons must notify the company and the Federal Authority for Financial Services Supervision (BaFin) about the purchase and sale of shares in the company or related financial instruments. The companies are obligated to publish this information. Insignificant purchase and sales transactions (under € 5,000 per calendar year) are exempt from this disclosure obligation.

The German Corporate Governance Code has a comparable ruling in the edition dated June 2, 2005.

The members of our Executive and Supervisory Boards have been informed about this.

Notifications pursuant to Section Art. 19(1) subparagraph 2 MAR

Cookies

We only use necessary cookies on this website. Without these cookies, this website wouldn't function. We use no other cookies on this website. Additional information about the necessary cookies is available here. Tracking does not take place on this website.