Remuneration of Board of Management.

 Overview Ola Källenius Jörg Burzer Renata Jungo Brüngger Mathias Geisen Sabine Kohleisen Markus Schäfer Britta Seeger Oliver Thöne Hubertus Troska Harald Wilhelm Remuneration

Taking into account the Act Implementing the Second Shareholders’ Rights Directive (“ARUG II”) and the new German Corporate Governance Code, the Supervisory Board has resolved changes to the remuneration system for the members of the Board of Management with effect from January 1, 2023 and submitted the remuneration system to the Annual Meeting on May 3, 2023 for approval (item 8 of the agenda). The Annual Meeting has approved the remuneration system for the members of the Board of Management with a vast majority of 91.00%.

The compensation system has the following components:

  • A fixed base salary.
  • Variable compensation in the form of an annual bonus, which is paid out after the end of the business year.
  • Share-based compensation in the form of a four-year plan in connection with stock ownership guidelines. According to the stock ownership guidelines the members of the Board of Management are required to hold a part of their private assets in the form of Mercedes-Benz shares.
Previous remuneration reports and systems Close