Board of Management

Compensation

The aggregate compensation for the members of the Board of Management in 2018 totaled €24,509 thousand, comprising €8,212 thousand in non-performance-related components and €16,297 thousand in performance-related components. The pension service cost amounted to €2,745 thousand.

As of December 31, 2018, the Board of Management of Bayer AG consisted of seven members. The following changes to the membership of the Board of Management took place in 2018, with the new members having been appointed by the Supervisory Board:

  • Heiko Schipper became a member of the Board of Management of Bayer AG effective March 1, 2018. He succeeded Erica Mann as head of the Consumer Health Division on April 1, 2018.
  • Wolfgang Nickl became a member of the Board of Management of Bayer AG effective April 26, 2018. He succeeded Johannes Dietsch as Chief Financial Officer of Bayer AG on June 1, 2018.
  • Stefan Oelrich became a member of the Board of Management of Bayer AG effective November 1, 2018. He succeeded Dieter Weinand as head of the Pharmaceuticals Division on the same date.

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 2018: