Financial Statements - Geberit

New Human Resources Division
As of 1 August 2000 the human
resources division was reorganised.
Thus the human resources aspect
on Group level will be given a significantly
more important status.
The task of the new head of division
will be to support the progressing
internationalisation by targeted
measures in the human resources
area. Major responsibilities relate to
the expansion of executive training
activities and promotion of junior
staff, the facilitation of transfers
beyond national borders and entities
as well as the creation of a uniform
and binding personnel policy for
the Group.
Performance-related salary
and bonus scheme for Group executives
An attractive remuneration scheme was created for all senior Group managers,
which equally takes into account the interests of management, of the company
and of shareholders. The most important feature of this new scheme is a
higher variable salary share (bonus) calculated on the basis of the relevant
economic key figures. The focus lies in Group results. The new salary and bonus
scheme was introduced as of 1 January 2001. Together with the management
and employee participation programmes, they offer a substantial incentive to
support the achievement of strategic and operative goals.
21
Silent pipes
Architectural acoustics play an increasingly
important role. There is a growing market need
for low-noise sanitary installations.
Expansion of the Silent/db20 system, made
of mineral-reinforced plastic and launched
three years ago, soon became necessary in
order to be able to offer a system with complete
compatibility everywhere in Europe,
also for complex large projects. “We used this
task as an opportunity to optimise the entire
Silent/db20 range, improve production procedures,
extend the ranges of dimensions and
further simplify assembly,” explained Thomas
Kehl, Head of Group Product Management
of piping systems. In addition, documentations
and facilities were also provided to ensure that
planning engineers, architects and plumbers
are well informed in issues related to acoustics.
Thanks to the close co-operation of mechanical
engineers, hydraulic and materials specialists
and sanitary engineers, the range was
expanded with a large number of fittings, new
joining technologies and fastening components
within a very short period of time. Moreover,
the Silent/db20 system is now also offered
for diameter dn 125. As before, almost all
system components are made from the same
easily recyclable plastic.
“
The side effect of our intensive exploration
of acoustics and new joining technologies is
that we now have a large pool of potential
innovative solutions which in the near future
we will convert to marketable products,” declared
Alexander Schuster, a Project Manager
at Geberit Technik ag.