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Supervisory Board Remuneration

Under Article 17 of Volkswagen AG’s Articles of Association, the remuneration of Volkswagen AG’s Supervisory Board is composed of a fixed component (plus attendance fees) and a variable component that depends on the amount of the dividend paid. The duties performed by the respective member on the Supervisory Board are also taken into account. Several members of the Supervisory Board are also members of the supervisory boards of subsidiaries. The remuneration received there is based on the provisions of the relevant Articles of Association and also comprises a fixed component and a variable component that is linked to the amount of the dividend paid. This remuneration is contained in the following figures. In fiscal year 2015, the members of the Supervisory Board received €696,953 (€12,149,450). Of this figure, €660,976 (€808,500) related to the fixed remuneration components (including attendance fees) and €35,977 (€11,340,950) to the variable remuneration components.

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REMUNERATION OF THE MEMBERS OF THE SUPERVISORY BOARD1

 

  

FIXED

  

VARIABLE

  

TOTAL

  

TOTAL

€

  

 

  

 

  

2015

  

2014

 

  

 

  

 

  

 

  

 

1

All figures shown are rounded, so minor discrepancies may arise from addition of these amounts.

2

These employee representatives have stated that they will transfer their Supervisory Board remuneration to the Hans Böckler Foundation in accordance with the guidelines issued by the German Confederation of Trade Unions (DGB).

3

Under section 5(3) of the Niedersächsisches Ministergesetz (Act Governing Ministers of the State of Lower Saxony), these members of the Supervisory Board are obliged to transfer their Supervisory Board remuneration to the State of Lower Saxony as soon as and to the extent that it exceeds €6,200 per annum. Remuneration is defined for this purpose as Supervisory Board remuneration and attendance fees exceeding the amount of €200.

Hans Dieter Pötsch (since October 7, 2015)

  

13,400

  

–

  

13,400

  

–

Jörg Hofmann2 (since November 20, 2015)

  

3,367

  

–

  

3,367

  

–

Hussain Ali Al-Abdulla

  

11,000

  

–

  

11,000

  

398,500

Akbar Al Baker (since May 5, 2015)

  

5,925

  

–

  

5,925

  

–

Ahmad Al-Sayed (until May 5, 2015)

  

4,075

  

–

  

4,075

  

397,500

Jürgen Dorn2 (until June 30, 2015)

  

20,778

  

18,103

  

38,881

  

482,150

Annika Falkengren

  

17,000

  

–

  

17,000

  

596,250

Hans-Peter Fischer2

  

14,000

  

–

  

14,000

  

399,500

Uwe Fritsch2

  

14,000

  

–

  

14,000

  

399,250

Babette Fröhlich2

  

17,000

  

–

  

17,000

  

596,250

Berthold Huber2 (until November 19, 2015)

  

37,133

  

–

  

37,133

  

937,000

Uwe Hück2 (since July 1, 2015)

  

44,750

  

–

  

44,750

  

–

Johan Järvklo (since November 22, 2015)

  

1,650

  

–

  

1,650

  

–

Louise Kiesling (since April 30, 2015)

  

11,017

  

–

  

11,017

  

–

Julia Kuhn-Piëch (April 30, 2015 – October 1, 2015)

  

14,197

  

1,663

  

15,860

  

–

Olaf Lies3

  

14,700

  

–

  

14,700

  

399,500

Hartmut Meine2 (until November 21, 2015)

  

12,350

  

–

  

12,350

  

399,500

Peter Mosch2

  

33,000

  

–

  

33,000

  

704,750

Bernd Osterloh2

  

17,000

  

–

  

17,000

  

596,250

Ferdinand K. Piëch (until April 25, 2015)

  

44,801

  

16,212

  

61,013

  

1,475,300

Hans Michel Piëch

  

80,500

  

–

  

80,500

  

546,500

Ursula Piëch (until April 25, 2015)

  

6,292

  

–

  

6,292

  

472,500

Ferdinand Oliver Porsche

  

65,500

  

–

  

65,500

  

963,500

Wolfgang Porsche

  

109,200

  

–

  

109,200

  

793,250

Stephan Weil3

  

17,000

  

–

  

17,000

  

596,250

Stephan Wolf2

  

17,000

  

–

  

17,000

  

596,250

Thomas Zwiebler2

  

14,342

  

–

  

14,342

  

399,500

Total

  

660,976

  

35,977

  

696,953

  

12,149,450