Supervisory Board Remuneration

Under Article 17 of Volkswagen AG’s 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. Several members of the Supervisory Board are also members of the supervisory boards of subsidiaries. The remuneration received there is based on the provisions of the relevant Articles of Association and also comprises a fixed component and a variable component that is linked to the amount of the dividend paid. This remuneration is contained in the following figures. In fiscal year 2013, the members of the Supervisory Board received €9,774,530 (€8,777,511). €528,671 of this figure (€651,625) related to the fixed remuneration components (including attendance fees) and €9,245,859 (€8,125,886) to the variable remuneration components.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD1

 

 

FIXED

 

VARIABLE

 

TOTAL

 

TOTAL

 

 

 

 

 

2013

 

2012

 

 

 

 

 

 

 

 

 

1

All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.

2

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).

3

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 €6,200 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

Ferdinand K. Piëch

 

121,000

 

1,068,300

 

1,189,300

 

1,108,100

Berthold Huber2

 

37,500

 

736,067

 

773,567

 

683,133

Hussain Ali Al-Abdulla

 

11,000

 

320,833

 

331,833

 

288,167

Jassim Al Kuwari (until April 25, 2013)

 

2,917

 

102,488

 

105,405

 

289,167

Jörg Bode (until Feb. 19, 2013)3

 

808

 

43,223

 

44,032

 

394,540

Ahmad Al-Sayed (since June 28, 2013)

 

4,050

 

163,090

 

167,140

 

Jürgen Dorn (since Jan. 1, 2013)2

 

53,000

 

355,833

 

408,833

 

Annika Falkengren

 

13,000

 

481,250

 

494,250

 

390,777

Hans-Peter Fischer (since Jan. 1, 2013)2

 

11,000

 

320,833

 

331,833

 

Uwe Fritsch2

 

11,000

 

320,833

 

331,833

 

203,221

Babette Fröhlich2

 

14,000

 

481,250

 

495,250

 

433,750

Olaf Lies (since Feb. 19, 2013)3

 

10,192

 

277,610

 

287,802

 

David McAllister (until Feb. 19, 2013)3

 

1,213

 

64,835

 

66,048

 

433,750

Hartmut Meine2

 

11,000

 

320,833

 

331,833

 

291,167

Peter Mosch2

 

29,800

 

541,356

 

571,156

 

371,267

Bernd Osterloh2

 

14,000

 

481,250

 

495,250

 

433,750

Hans Michel Piëch

 

37,500

 

368,033

 

405,533

 

390,567

Ursula Piëch

 

18,125

 

350,333

 

368,458

 

203,221

Ferdinand Oliver Porsche

 

40,500

 

712,467

 

752,967

 

687,433

Wolfgang Porsche

 

49,500

 

528,450

 

577,950

 

548,015

Stephan Weil (since Feb. 19, 2013)3

 

12,767

 

415,301

 

428,068

 

Stephan Wolf (since Jan. 1, 2013)2

 

13,800

 

470,556

 

484,356

 

Thomas Zwiebler2

 

11,000

 

320,833

 

331,833

 

291,167

Supervisory Board members who retired in the prior year

 

 

 

 

1,336,321

Total

 

528,671

 

9,245,859

 

9,774,530

 

8,777,511