Board of Management

Compensation

The aggregate compensation for the members of the Board of Management in 2017 totaled €24,324 thousand, comprising €6,414 thousand in non-performance-related components and €17,910 thousand in performance-related components. The pension service cost amounted to €2,546 thousand.

As of December 31, 2017, the Board of Management of Bayer AG consisted of seven members. There were no changes in the membership of the Board of Management in 2017.

Effective April 26, 2018, the Supervisory Board has appointed Wolfgang Nickl as member of the Board of Management of Bayer AG. He will succeed Johannes Dietsch as Chief Financial Officer of Bayer AG on June 1, 2018.

Effective March 1, 2018, the Supervisory has appointed Heiko Schipper as a member of the Board of Management of Bayer AG and, from April 1, 2018, head of the Consumer Health Division, succeeding Erica Mann.

The following table shows the aggregate compensation of the individual members of the Board of Management who served in 2016 and / or 2017 according to the German Commercial Code:

Compensation of the Board of Management of Bayer AG
Details regarding the renumeration of the members of the Board of Management can be found in the annual report 2017: