Board of Management

Compensation

The aggregate compensation for the members of the Board of Management in 2015 totaled €17,918 thousand (2014: €15,648 thousand), comprising €4,662 thousand (2014: €4,561 thousand) in non-performance-related components and €13,256 thousand (2014: €11,087 thousand) in performance-related components. The pension service cost amounted to €1,847 thousand (2014: €1,385 thousand).

There were no changes in the membership of the Board of Management or the terms of office of the members in 2015.

Effective January 1, 2016, the Board of Management of Bayer AG was enlarged to eight members. In addition to the existing functions, three further functions were created that bear special responsibility for the newly defined operating divisions of the Group. The following new members were appointed to the Board of Management:


  • Dieter Weinand, responsible for the Pharmaceuticals Division
  • Erica Mann, responsible for the Consumer Health Division
  • Liam Condon, responsible for the Crop Science Division


Also effective January 1, 2016, Dr. Hartmut Klusik succeeded Michael König as the member of the Board of Management responsible for Human Resources, Technology and Sustainability.

The following table shows the total compensation of the individual members of the Board of Management who served in 2014 and / or 2015 according to the German Commercial Code:

Board of Management Compensation
Click on the table to enlarge

Details regarding the remuneration of the Board of Management can be found in our compensation report of the annual report 2015.

Last updated: November 21, 2016 Copyright © Bayer AG
http://www.bayer.com