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The aggregate compensation for the members of the Board of Management of the Board of Management in 2021 totaled €29,174 thousand, comprising €9,260 thousand in non-performance-related components and €10,568 thousand in performance-related components. The pension service cost amounted to €11,789 thousand.
Sarena Lin was appointed to the Board of Management by the Supervisory Board. Effective February 1, 2021, she became Chief Transformation and Talent Officer, assuming responsibility for Human Resources, Strategy and Business Consulting. Lin also began her role as Labor Director on the same date.
In addition, the Supervisory Board of Bayer AG appointed Rodrigo Santos to the company’s Board of Management and the position of President of the Crop Science division, effective January 1, 2022. Santos succeeded Liam Condon, who informed the Supervisory Board that he wished to bring forward the end date of his contract with the company from December 31, 2023, to December 31, 2021.
Compensation of the Board of Management of Bayer AG
Further information on the compensation of the Board of Management is provided in the Compensation Report.