Executive Board

The Executive Board of Aurubis AG consists of three members: Roland Harings (Chairman), Dr. Thomas Bünger and Rainer Verhoeven.

Members:

 


Roland Harings

Chairman of the
Executive Board
Dr. Thomas Bünger

Chief Operations Officer
Rainer Verhoeven

Chief Financial Officer
Curriculum Vitae Curriculum Vitae

Curriculum Vitae

You can find an overview of the contract periods of the members of the Executive Board of Aurubis AG here.

 

Name

Initially appointed

Appointed until

Roland Harings May 20, 2019 June 30, 2022
Dr. Thomas Bünger October 1, 2018 September 1, 2021
Rainer Verhoeven January 1, 2018 December 31, 2020

 

Compensation for the Executive Board is oriented toward long-term corporate development and is aligned with shareholder interests. In addition, it is designed in such a way that it is appropriate in comparison to our competitors.
 

Compensation for the Executive Board

The Supervisory Board defines the total compensation of the individual Executive Board members on the basis of proposals from the Personnel Committee and decides on and reviews the compensation system for the Executive Board at regular intervals. In fiscal year 2016/17, the Supervisory Board fundamentally revised the compensation system. The participants of the Annual General Meeting approved the new compensation system pursuant to Section 120 (4) of the German Stock Corporation Act on March 1, 2018.

The new compensation system applies to Chief Financial Officer Mr. Rainer Verhoeven and to Chief Operating Officer Dr. Thomas Bünger, the latter of whom was appointed on October 1, 2018. For the Executive Board members Mr. Jürgen Schachler (Executive Board member until June 30, 2019) and Dr. Stefan Boel (Executive Board member until July 31, 2018), the old compensation system applied and will initially continue to apply.

Old compensation system

The compensation is defined in the employment contracts and consists of a series of coordinated compensation components. Specifically, these components are fixed compensation, variable compensation, fringe benefits, and pension plans.
Additional information on the structure of Executive Board compensation, as well as the compensation of individual Executive Board members, can be found in the Compensation Report of our Annual Report.


New compensation system

The new compensation system complies with the requirements of the German Stock Corporation Act and the German Corporate Governance Code, particularly 4.2.3 of the German Corporate Governance Code, and builds on established components of the old system. In particular, the new system includes multiannual, forward-looking variable compensation. The new compensation system also consists of fixed and variable components.

Additional information on the new structure of Executive Board compensation, as well as the compensation of individual Executive Board members, can be found in the Compensation Report of our Annual Report.


Compensation Report

 

You can find the notifications currently subject to disclosure requirements here.

In accordance with Art. 19(1) subparagraph 2 MAR,  members of the Executive and Supervisory Boards of a public company as well as closely related persons must notify the company and the Federal Authority for Financial Services Supervision (BaFin) about the purchase and sale of shares in the company or related financial instruments. The companies are obligated to publish this information. Insignificant purchase and sales transactions (under € 5,000 per calendar year, from 01 January 2020 below € 20,000.00 ) are exempt from this disclosure obligation.

Notifications pursuant to Section Art. 19(1) subparagraph 2 MAR

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