Porsche 2012 Annual Report Download - page 65

Remuneration of the executive board in the
fiscal year 2012
Prof. Dr. Winterkorn (CEO), Mr. Pötsch and
Mr. Müller were members of the company’s execu-
tive board for the entire fiscal year 2012. Mr. Edig,
who was still a member of the executive board of
Porsche SE at the beginning of the fiscal year 2012,
left the executive board as of the end of the day on
29 February 2012. His successor, Mr. von Hagen,
was appointed to Porsche SE’s executive board
with effect as of 1 March 2012.
The remuneration for fiscal 2012 presented be-
low for the individual members of Porsche SE’s
executive board comprises only the remuneration
paid for their service on the executive board of
Porsche SE.
Remuneration of the members of the executive board according to
Secs. 285 No. 9a, 314 (1) No. 6a HGB for the fiscal year 2012
1 In accordance with the legal requirements and the provisions of German Accounting Standard No. 17 regarding reporting on the remuneration of members of governing bodies,
the long-term component amounting to 60 percent of the variable remuneration is only taken into account when all conditions precedent are met. We refer to the following
statements.
For the fiscal year 2012, provision is made for
a variable component totaling 3,500,000 euro for
Mr. Müller, and variable remuneration totaling
250,000 euro for Mr. von Hagen. 60 percent of this
variable remuneration is subject to the conditions
precedent described in the subsection on the remu-
neration principles and is therefore not included in
the above table.
Post-employment benefits in the event of
regular or early termination of service
With the exception of Mr. von Hagen, the members
of Porsche SE’s executive board do not have any
pension benefits from the company. In addition to
retirement benefits and surviving dependents’
benefits, Mr. von Hagen’s pension benefits include
benefits in the event of permanent disability. Future
benefits are calculated as a percentage of the
agreed fixed annual remuneration at the time the
benefits fall due. Starting at 25 percent, this
Non-performance- Performance- Total
related components related
components
thereof
in €
long-term
incentive1
Prof. Dr. Dr. h.c. mult. Martin
Winterkorn 765,838 0 0 765,838
Thomas Edig
(until 29 February 2012) 83,333 0 0 83,333
Philipp von Hagen
(since 1 March 2012) 463,472 100,000 0 563,472
Matthias Müller 500,000 1,400,000 0 1,900,000
Hans Dieter Pötsch 520,506 0 0 520,506
Porsche SE group 2,333,149 1,500,000 0 3,833,149
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