palfinger at a glance
palfinger at a glance
palfinger at a glance
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noteS TO THE CONSolid<strong>at</strong>ed FINANCIAL St<strong>at</strong>ementS<br />
conSolid<strong>at</strong>ed FINANCIAL St<strong>at</strong>ementS FOR THE Year ENDED 31 DECEMBER 2011<br />
DIScloSureS CONCERNING GOVERNING BODIES AND EMPLOYeeS<br />
EMPLOYees<br />
The average number of employees in the Group (including the Management Board) during the financial year was<br />
5,600 (previous year: 4,671). At the balance sheet d<strong>at</strong>e there were 6,043 Group employees (previous year: 5,045).<br />
SUPERVisORY BOARD<br />
In the 2011 financial year, the following individuals were either appointed, or deleg<strong>at</strong>ed by the Works Council,<br />
to serve on the Supervisory Board:<br />
• Alexander Doujak, Chairman 1)<br />
• Alexander Exner (up to 30 March 2011) 2)<br />
• Hubert Palfinger jun., Deputy Chairman 3)4)<br />
• Hannes Palfinger (since 30 March 2011)<br />
• Hubert Palfinger (up to 30 March 2011) 3)<br />
• Wolfgang Anzengruber<br />
• Peter Pessenlehner 4)<br />
• Heinrich Dieter Kiener (since 30 March 2011)<br />
• Gerhard Gruber (Works Council)<br />
• Johann Mair (Works Council) 4)<br />
• Alois Weiss (Works Council)<br />
1) Member of the Audit, Nomin<strong>at</strong>ion and Remuner<strong>at</strong>ion Committees, since 13 December 2010.<br />
2) Member of the Audit, Nomin<strong>at</strong>ion and Remuner<strong>at</strong>ion Committees, up to 13 December 2010.<br />
3) Member of the Nomin<strong>at</strong>ion and Remuner<strong>at</strong>ion Committees.<br />
4) Member of the Audit Committee.<br />
The members of the Supervisory Board received no remuner<strong>at</strong>ion for their services.<br />
ManageMent BOARD<br />
• Herbert Ortner, CEO<br />
• Christoph Kaml, CFO<br />
• Wolfgang Pilz, CMO<br />
• Martin Zehnder, COO<br />
Total remuner<strong>at</strong>ion of the Management Board in the 2011 financial year, including ancillary costs, was<br />
EUR 2,352 thousand (previous year: EUR 2,028 thousand) and is broken down as follows:<br />
Fixed salary<br />
Stock option programme<br />
Performance-rel<strong>at</strong>ed<br />
remuner<strong>at</strong>ion<br />
EUR thousand<br />
Jan–Dec<br />
2011<br />
Jan–Dec<br />
2010<br />
Jan–Dec<br />
2011<br />
Jan–Dec<br />
2010<br />
Jan–Dec<br />
2011<br />
Jan–Dec<br />
2010<br />
Herbert Ortner 490 339 15 15 305 325<br />
Christoph Kaml 246 171 18 14 225 238<br />
Wolfgang Pilz 306 237 9 9 225 257<br />
Martin Zehnder 280 174 9 9 224 240<br />
Total 1,322 921 51 47 979 1,060<br />
In addition, a bonus agreement was concluded with the members of the Management Board for achieving a<br />
long-term increase in corpor<strong>at</strong>e value; these bonuses will be paid out in 2016 provided th<strong>at</strong> the agreed benchmarks<br />
are achieved. In the 2011 financial year, provisions of EUR 1,757 thousand were recognized in the income<br />
st<strong>at</strong>ement.<br />
For benefits payable after termin<strong>at</strong>ion of employment, EUR 209 thousand (previous year: EUR 20 thousand) were<br />
reported in the 2011 financial year.<br />
Individual contracts regarding pension commitments were concluded with Alexander Exner and Wolfgang Pilz.<br />
<strong>palfinger</strong> Annual Report 2011<br />
171
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