See here for a complete list of exchanges and delays. Seeing the BASF logo on a turbine of this largest subsidy-free offshore wind farm in the world fills me with pride, as this investment is both a crucial step towards our #NetZero2050 goals and a truly historic moment for BASF. You are a determined, creative and entrepreneurial team. 6a of the German Commercial Code (HGB) in connection with the German Accounting Standard 17 (GAS 17). Falling Walls . Previous winners of ICIS CEO awards include The final amount of the deferral component is determined depending on the degree to which the strategic targets were achieved within the four-year performance period (strategic performance factor, SPF) and is paid out after the Annual Shareholders’ Meeting in the year following the end of this four-year performance period (performance bonus, part 2). “The company continues to divest non-core May 3, 202315:05 UTC BAS MBG BASF BAS Chief Executive Martin Brudermueller has been chosen to take over as head of the supervisory board of Mercedes-Benz MBG next year, the carmaker said on Wednesday. Investitionen in #NetZero müssen Erträge erwirtschaften. This new report by Cefic (European Chemical Industry Council) and Arthur D. Little takes a closer look at how digital technologies can help us achieve sustainability goals in the European chemical industry. The achievement of operational and strategic targets is evaluated separately. university Dr. Power Players. FIPS code. Each member of the Board of Executive Directors may decide individually on the timing and scope of the exercise of options of the LTI programs, while taking into account the terms and conditions of the program. the world’s largest chemicals company through a Leverage the unique opportunity to tell your story on a global scale. In the event that a member of the Board of Executive Directors appointed before 2017 retires from employment before the age of 60, either because their appointment was not extended or was revoked for an important reason, they are entitled to pension benefits if they have served on the Board for at least 10 years or if the period until they reach legal retirement age is less than 10 years. Thanks to Anna Borg, Helene Biström, Catrin Jung and Ian Bremner PMP for the warm welcome, the good discussions we had today during our visit and our great partnership in together with Jochen Eickholt and Marc Becker from Siemens Gamesa. We know what needs to be done and where the problems lie. We combine economic success with environmental protection and social responsibility. Wir haben uns ambitionierte Ziele gesetzt. In 1980 he started studying Chemistry at the University of Karlsruhe, Germany, and received his degree in 1985. along with an investment focus on battery From 2011 he assumed the position of the Vice Chairman of the Board of Executive Directors of BASF SE and Chief Technology Officer (CTO), with responsibility for the divisions Petrochemicals, Monomers, Intermediates, Process Research & Chemical Engineering, Innovation Management, Digitalization in Research & Development, BASF New Business, as well as Corporate Technology & Operational Excellence. Members of the Board of Executive Directors receive various fringe benefits in addition to the abovementioned cash compensation. Have a look and enjoy the discussion! Wir brauchen den direkten, unternehmerischen Weg zur Erreichung der Klimaneutralität! We were fortunate to enjoy perfect weather conditions during our visit to the Hollandse Kust Zuid wind farm today. Brudermüller was born in Stuttgart, Germany, in 1961. The targets on the share of investment in, Absolute performance threshold: BASF share price gains at least 30% compared with the base price for the, Relative performance threshold: BASF shares outperform the, Share ownership obligation: Mandatory individual investment in BASF shares with a holding obligation of 10% of the actual performance bonus (gross), plus up to an additional 20% of the actual performance bonus (gross), Exercise first possible: four years after the grant date (vesting period), Maximum exercise gain (cap): five times the individual investment. Technologies such as artificial intelligence, blockchain, and robotics, among others, can play a significant role in realizing sustainability goals in our industry. The ICIS CEO of the Year Award is unique as the register here for Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. The Supervisory Board of BASF SE extended the appointment of Dr. Martin Brudermüller as BASF's chairman of the Board of Executive Directors until the end of the 2024 Annual Shareholders' Meeting; Brudermüller's appointment was originally scheduled to end in 2023. Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. "We need "A Europe that protects" - according to the motto of the Austrian Presidency of the Council of the European Union - in physical, economic, social and environmental terms", writes Martin Brudermüller, Chairman of the Board of Executive Directors at BASF SE, in his essay to our series of articles 'Europe can do better', which was initiate. BASF’s success is built by its employees. Copyright © 2023 LexisNexis Risk Solutions. Board members are members of the BASF Pensionskasse VVaG, as are generally all employees of BASF SE. We are on track to achieve full operational capacity by fall of this year as planned. For internal comparison, the compensation of senior executives and employees of BASF SE is considered in total as well as over time. Based on the termination agreement, non-compete compensation of €164,583 per month was agreed for a two-year, post-contractual non-compete obligation. Target agreement and target achievement in 2019. The individual compensation components are supplemented by individually attainable minimum and maximum compensation. I wish the Belgian Council Presidency success in advancing these issues. Members of the Board of Executive Directors have the option to choose between payment of their pension entitlements in the form of a lifelong pension or a lump sum. From 2001 to 2003 he was Senior Vice President Strategic Planning. Brussels, 7 October 2022 – Today, Martin Brudermüller, CEO of BASF was re-elected President of Cefic (European Chemical Industry Council) for another 2-year term, effective immediately, at Cefic’s annual General Assembly. He is responsible for the divisions Corporate Legal, Compliance & Insurance, Corporate Development, Corporate Communications & Government Relations, Corporate Human Resources and Corporate Investor Relations. The company is entitled to offset compensation received for any other employment against pension benefits until the legal retirement age is reached. transformation of the chemical industry Click here to read the full release and reaction from Dr. Martin Brudermüller [CEO of BASF SE) , Chair of our Committee on Competitiveness & Innovation: Why can't the roof of the car be equipped with special solar cells that absorb the sun's energy and make the car run? Key Company Fujian Xinsen Carbon The fair value of the option rights is based primarily on the development of the BASF share price and its relative performance compared with the benchmark index, the MSCI World Chemicals Index. Germany needs a new business model. disciplined manner. After earning his doctorate in Karlsruhe in 1987, he did a postdoc at the University of California, Berkeley, United States. I thank you all very much! The fringe benefits granted by the company are subject to specific provisions and thereby also limited in its amount. Zwar stellt die Politik jetzt die Weichen für die Transformation hin zur Klimaneutralität. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Priorisierung und stringentes Projektmanagement sind für mich dabei die entscheidenden Stichworte für die Politik. The fixed salary for the chairman of the Board of Executive Directors is two times the value for an ordinary Board member, and 1.33 times this value for the vice chairman. Since May 2015 he is Chief Technology Officer of BASF SE. This prestigious global chemicals industry MuLinSen Activated Carbon that of your peers,” he added. [2] He earned a bachelor's degree and a doctorate in chemistry from the University of Karlsruhe, Germany, in 1985 and 1987 respectively. The Supervisory Board of BASF SE today extended the appointment of Dr. Martin Brudermüller (61) as BASF’s Chairman of the Board of Executive Directors until the end of the 2024 Annual Shareholders’ Meeting; Brudermüller’s appointment was originally scheduled to end in 2023. Die Zukunft von BASF dabei fest im Blick. If the target ROCE is met and the target achievement is 100%, the performance bonus is double the fixed salary (target amount). To send flowers to the family or plant a tree in memory of Martin Douglas "Doug" Miller, please visit our floral . We help Organizations and Companies to consider the right Technology, Design complete Systems, market various Technologies, set up Marketing Strategies in a Goal-Oriented Manner and Recruitment of Staffs. Foto: Wirtschaftsrat der CDU e.V. Against the background of the new BASF corporate strategy and the changed regulatory requirements under the German Act Implementing the Second E.U. The base price for the LTI program granted in 2019 was €68.21 (2018: €85.45). Chairman of the Board of Executive Directors and CTO. Doch ich spüre immer mehr, dass wir jetzt einen regelrechten Befreiungsschlag brauchen, der endlich wieder die Frage der Wettbewerbsfähigkeit in den Vordergrund stellt. Biography of Martin Brudermüller. All Rights Reserved. Herzlichen Dank an Sie alle! Cabin Air Filters assets as it sharpens its focus, while hatte ich die Gelegenheit zu erläutern, wie dieser Weg aussehen könnte. From May 2015 until . Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. The severance payment cap is to be calculated on the basis of the total compensation for the past business year and, if appropriate, also the expected total compensation for the current business year. Top 40 Power Players, Innovation (technology, product, business Year Award will be presented to Dr. Martin ): Together with other leaders of our industry in Europe, I am pleased that Martin Brudermüller will continue this important work with us at this pivotal time for our sector”, The European Chemical Industry Council, AISBL, I accept to receive the Cefic newsletters. The value of right B is calculated as the base price of the option multiplied by twice the outperformance of BASF shares on the exercise date. The “Compensation allocated in accordance with the German Corporate Governance Code (GCGC)” presented comprises the fixed and variable compensation components actually allocated, plus the service cost calculated for each member of the Board of Executive Directors in the reporting years even though this does not actually represent payment in the narrower sense. I think there will certainly be a lot of questions for the next time. The target agreement contains: An operational performance factor and a strategic performance factor, each with a value between 0 and 1.5, are determined on the basis of the target achievement ascertained by the Supervisory Board. But we can still turn this around – if our institutions and governments take up this challenge. This expense refers to the total of all option rights from the LTI programs 2011 to 2019 and is calculated as the difference in the fair value of the option rights on December 31, 2019, compared with the fair value on December 31, 2018, considering the option rights exercised and granted in 2019. Brudermüller. Upon the death of an active or former member of the Board of Executive Directors, the surviving spouse receives a survivor pension amounting to 60% of the Board member’s pension entitlement. Accordingly, payments made to a Board member upon premature termination of their contract, without serious cause, may not exceed the value of two years’ compensation, including fringe benefits, nor compensate more than the remaining term of the contract.

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