6 Compensation of the Executive Committee for 2020
For the 2020 financial year, the members of the Executive Committee received total compensation of CHF 6.0 million compared with CHF 7.2 million the year before. This complied with the maximum total compensation for the Executive Committee of CHF 8.2 million approved at the AGM in April 2019.
The STI target attainment figure for all members of the Executive Committee was 49% lower than the previous year, due to the financial results. The target figure for reported earnings per share (EPS), which determines the monetary value of the share allocation for the 2020 financial year, was 35%. The EPS achieved was thus less than the threshold required for a share allocation to the Executive Committee. Therefore, members of the Executive Committee did not receive any shares under the LTI scheme in the 2020 reporting year. Information on the shareholdings of members of the Executive Committee can be found in the Notes to the financial statements of Conzzeta AG.
In addition, the Board of Directors approved a retention plan for the members of the Executive Committee of Conzzeta Management AG, the business unit heads of FoamPartner and Mammut and other specialists in connection with the strategic realignment and the associated additional work. Payments are made on an individually predetermined date, but no earlier than 2021.
The total amount payable to the Group CEO under the retention plan is CHF 571,000. He also receives a payment of the same amount as consideration for his non-compete clause. The other members of the Executive Committee receive a total of CHF 1.6 million.
For the year 2020, the Group CEO and the members of the Executive Committee were granted a pro rata amount of CHF 1.6 million, which corresponds to 50% of the total amount (previous year CHF 0.8 million) was awarded to in 2020. The amount is assigned to the 2020 financial year and is reported under the STI.
As of December 31, 2020, there were no current loan or credit contracts between the company and the members of the Executive Committee or related parties.
Compensation of the Executive Committee for financial year 2020
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Base salary |
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STI |
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LTI |
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Pension contribution 1 + 2 pillar |
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Additional benefits |
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Total compensation 2020 |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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Executive Committee |
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Total compensation of the Executive Committee |
2,875.3 |
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2,150.1 1 |
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0.0 |
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824.1 |
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199.7 |
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6,049.2 |
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Highest single amount: Group CEO, M. Willome |
761.1 |
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865.2 2 |
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0.0 |
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208.3 |
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36.0 |
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1,870.7 |
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1 Incl. special allocation from the retention plan in the amount of 1.6 million.
2 Incl. special allocation from the retention plan in the amount of 0.7 million.
Compensation of the Executive Committee for financial year 2019
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Base salary |
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STI |
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LTI |
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Pension contribution 1 + 2 pillar |
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Additional benefits |
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Total compensation 2019 |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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CHF thousand |
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Executive Committee |
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Total compensation of the Executive Committee |
3,170.0 |
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2,012.1 1 |
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853.3 |
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901.1 |
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234.9 |
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7,171.4 |
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Highest single amount: Group CEO, M. Willome |
761.1 |
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502.1 2 |
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290.4 |
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202.2 |
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36.0 |
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1,791.7 |
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1 Incl. special allocation from the retention plan in the amount of 0.8 million.
2 Incl. special allocation from the retention plan in the amount of 0.1 million.