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03
REPORT OF THE
SUPERVISORY BOARD
———
The members of the Supervisory Board of Sennheiser electronic GmbH & Co. KG have
examined, discussed, acknowledged and approved the Consolidated Management
Report and the Consolidated Financial Statements for financial year 2013, which were
submitted on time by the management.
During the year under review, the members of the Executive Management Board
were: Daniel Sennheiser, CEO, Spokesman of the Executive Management Board,
Dr. Andreas Sennheiser, CEO, Spokesman of the Executive Management Board,
Volker Bartels, Peter Claussen, Dr. Heinrich Esser, Peter Callan and Paul Whiting.
During the financial year under review, the members of the Supervisory Board were: Dr. Frank Heinricht,
Andreas Dornbracht and Johann Soder; Prof. Dr. Jörg Sennheiser again served as Chairman. The Supervisory
Board monitored the development of the Sennheiser Group during regular meetings. Between meetings, the
Supervisory Board was provided with reports by the management, both verbally and in writing, about all
important decisions, projects and business events. In particular, the following topics were discussed in detail
by the Supervisory Board:
– Major marketing projects in the year under review were related to the Sennheiser Shanghai Concert Hall, as
well as a Momentum headphones campaign undertaken together with the Red Bull Formula 1 team. Both
projects were given the go-ahead. At the same time, measurement and evaluation activities of their success
were also commissioned.
– The preliminary work involved with the planned takeover of our sales partner in Australia and New Zealand
was acknowledged and approved. The project was consequently authorized with a corresponding budget.
The acquisition was successfully concluded on September 1, 2013.