Supervisory Board Remuneration


Under Article 17 of the Volkswagen AG Articles of Association, the remuneration of Volkswagen AG’s Supervisory Board is composed of a fixed component (plus attendance fees) and a variable component that depends on the amount of the dividend paid. The duties performed by the respective member on the Supervisory Board are also taken into account. In fiscal year 2009, the members of the Supervisory Board received €3,840,514 (previous year: €4,574,665). €365,550 of this figure (previous year: €273,000) related to the fixed remuneration components (including attendance fees) and €3,474,964 (previous year: €4,301,665) to the variable remuneration components.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD

 

 

Fixed

 

Variable

 

Total

 

Total

 

 

 

 

 

2009

 

2008

1

These employee representatives have stated that they will transfer their Supervisory Board remuneration to the Hans Böckler Foundation in accordance with the guidelines issued by the German Confederation of Trade Unions (DGB).

2

Under section 5(3) of the Niedersächsisches Ministergesetz (Act Governing Ministers of the State of Lower Saxony), these members of the Supervisory Board are obliged to transfer their Supervisory Board remuneration to the State of Lower Saxony as soon as and to the extent that it exceeds €5,500 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

Ferdinand K. Piëch

 

28,000

 

362,500

 

390,500

 

467,000

Jürgen Peters1

 

22,000

 

241,667

 

263,667

 

313,667

Jörg Bode2 (since November 4, 2009)

 

5,950

 

19,132

 

25,082

 

Michael Frenzel

 

18,000

 

181,250

 

199,250

 

236,500

Babette Fröhlich1

 

19,000

 

181,250

 

200,250

 

236,500

Hans Michael Gaul

 

19,000

 

181,250

 

200,250

 

236,500

Jürgen Großmann

 

14,000

 

120,833

 

134,833

 

159,333

Holger P. Härter (until July 23, 2009)

 

8,767

 

136,273

 

145,040

 

313,667

Walter Hirche2 (until April 23, 2009)

 

3,875

 

37,760

 

41,635

 

159,333

Peter Jacobs1

 

16,000

 

120,833

 

136,833

 

159,333

Hartmut Meine1 (since December 30, 2008)

 

16,000

 

120,833

 

136,833

 

428

Peter Mosch1

 

16,000

 

120,833

 

136,833

 

159,333

Roland Oetker

 

22,000

 

241,667

 

263,667

 

313,667

Bernd Osterloh1

 

19,000

 

181,250

 

200,250

 

236,500

Hans Michel Piëch (since August 7, 2009)

 

9,400

 

48,333

 

57,733

 

Ferdinand Oliver Porsche
(since August 7, 2009)

 

11,233

 

85,255

 

96,488

 

Wolfgang Porsche (since April 24, 2008)

 

17,158

 

144,161

 

161,319

 

108,675

Wolfgang Ritmeier

 

19,000

 

181,250

 

200,250

 

236,500

Philipp Rösler2
(April 23 – October 28, 2009)

 

6,092

 

62,263

 

68,355

 

Heinrich Söfjer1

 

16,000

 

120,833

 

136,833

 

159,333

Jürgen Stumpf1

 

14,000

 

120,833

 

134,833

 

159,333

Bernd Wehlauer1

 

19,000

 

181,250

 

200,250

 

236,500

Wendelin Wiedeking (until July 23, 2009)

 

7,075

 

102,205

 

109,280

 

236,500

Christian Wulff2

 

19,000

 

181,250

 

200,250

 

236,500

 

 

 

 

 

 

 

 

 

Supervisory Board members who retired in the prior year

 

 

 

 

209,563

Total

 

365,550

 

3,474,964

 

3,840,514

 

4,574,665

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