Und ich bin sehr froh und auch stolz, dass die BASF-Mannschaft mit Überzeugung dabei ist. The maximum performance factor of 1.5 applies for a target achievement rate of 125% and over; a target achievement rate of 50% or less represents a performance factor of 0. They have also lived in Waterford, CA and Modesto, CA. But this task can only be achieved by effective cooperation between businesses, international organizations, governments and civil society," said Martin Brudermüller, Chairman of the Board of Executive Directors of BASF and Co-Chair of the Global Battery Alliance. He married Bessie Elizabeth Sysney on 25 June 1935, in Oklahoma, United States. The amendments also meet the changed requirements from the 2020 fiscal year onward arising from the German Act Implementing the Second E.U. A vote to confirm Brudermueller's appointment will take place after the 2024 shareholders meeting, said the company. senior executives of the ICIS hatte ich die Gelegenheit zu erläutern, wie dieser Weg aussehen könnte. APIC – Presentation Slides – Sustainability, APIC – Presentation Slides – Chemicals (Topic 2), BASF CEO Martin Brudermuller to receive 2021 ICIS CEO of the trends such as sustainability and Have a look and enjoy the discussion! LyondellBasell CEO Bob Patel (2019, By 2050, we want to become climate-neutral worldwide. Around 111,000 employees in the BASF Group contribute to the success of our customers in nearly all sectors and almost every country in the world. From May 2015 until January 2021 he was Chief Technology Officer (CTO) of BASF SE. Priorisierung und stringentes Projektmanagement sind für mich dabei die entscheidenden Stichworte für die Politik. Nach der Promotion, die er 1987 in Karlsruhe abschloss, absolvierte er einen Postdoc-Aufenthalt an der University of California, Berkeley, USA. The following applies to end of service due to a change of control event: A change of control event, in terms of this provision, occurs when a shareholder informs BASF of a shareholding of at least 25%, or the increase of such a holding. Joining AIChE gives you access to an amazing network of top professionals in chemical engineering and related fields. Cabin Air Filters Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. Don't miss the latest The Conference Board survey of CEO Confidence for Europe, which confirms what I've been highlighting for some time now: Europe's #competitiveness as an industrial base is weakening. We know what needs to be done and where the problems lie. The fair value of the option rights is based primarily on the development of the BASF share price and its relative performance compared with the benchmark index, the MSCI World Chemicals Index. The target ROCE for 2019 was 11%, with the average cost of capital unchanged at 10%. Plastics News Staff. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Brudermüller has been Chairman of the Board of Executive Directors of BASF SE since 2018 and a Board member since 2006. Martin Brudermüller）总结了这一扩展方法的优点。 他表示："通过 TripleS，我们对所有产品在可持续方面的概况进行了系统而完整的编制，并考虑了包括社会问题等较难用数字表示的因素。 The ROCE factor will increase at a slower rate if the ROCE is two percentage points or more above the target ROCE. See here for a complete list of exchanges and delays. Copyright © 2023 LexisNexis Risk Solutions. Discover more about the opportunities and challenges ahead, as well as the progress we're already making in this field through the insights of BASF experts and case studies. He would succeed Bernd Pischetsrieder, who will not be standing for another term after his current one ends in 2024. Martin Brudermüller is Chairman of the Board of Executive Directors of BASF SE. It is also offered to all other senior executives of the BASF Group, with a small number of modifications. . ROCE is the ratio of income from operations (EBIT) of the segments in relation to the average operating assets of the segments, plus the customer and supplier financing not included there. As part of the pension benefits granted to the Board of Executive Directors (Board Performance Pension), company pension benefits are intended to accrue annual pension units, the amount of which depends on the company’s success and the performance of the Board of Executive Directors as a whole in the business year concerned. In 1980 he started studying Chemistry at the University of Karlsruhe, Germany, and received his degree in 1985. Germany needs a new business model. Martin Brudermüller is Chairman of the Board of Executive Directors of BASF SE. At least one of the two conditions must be met in order for the option to be exercised: In total, the maximum exercise gain (cap) is limited to five times the individual investment and can amount to a maximum of €3,750,000 for an ordinary member of the Board of Executive Directors. . Markus Bold | Jennifer Kürner | Gati Kalim | Tobias Seeger | Ricarda Schulte | Jerome Haag | Julia Jakob | Viola Isele | Nathalie Amend | Tanja Bogumil | Christoph Raethke | Thomas v. Hake | Tobias Grab | Robin Titus | Jorg Riesmeier | Benedikt Scholz | Vasco Sommer-Nunes | Klaus Schollmeier | Tom Kirschbaum | Udo Eberlein | Dr. Arndt Schwaiger | Sven Soltau | Vanessa Hensel | Joachim Roesch | Florian Wilken | Sebastian Werner. Understand market developments and complex data and what they mean to you. To take part in the program, each participant must prove an individual investment in BASF shares and hold the shares for this purpose for a defined period of time (holding period). I think there will certainly be a lot of questions for the next time. From May 2011, he was Vice Chairman of the Board of Executive Directors of BASF SE. Sanjeev Gandhi stepped down from the Board of Executive Directors effective the end of December 31, 2019. Falling Walls . The industry leader for online information for tax, accounting and finance professionals. 6a HGB in connection with GAS 17, Less granted 2018 performance bonus (2018–2021), (one-year component and deferral component), Less granted 2019 performance bonus (2019–2022), (one-year component and deferral component), Plus allocated actual annual variable compensation (performance bonus, part 1), (Member of the Board of Executive Directors untilDecember 31, 2019). Brudermüller started his career with BASF in 1988 in the Ammonia Laboratory. Total survivor benefits may not exceed 75% of the Board member’s pension entitlement. include a fireside chat with ICIS on BASF’s Click here to read the full release and reaction from Dr. Martin Brudermüller [CEO of BASF SE) , Chair of our Committee on Competitiveness & Innovation: The “Compensation allocated in accordance with the German Corporate Governance Code (GCGC)” presented comprises the fixed and variable compensation components actually allocated, plus the service cost calculated for each member of the Board of Executive Directors in the reporting years even though this does not actually represent payment in the narrower sense. The pension units also include survivor benefits. journalists in 50+ countries covering politics, business, innovation, trends and more. Das Berliner Büro der BASF schaut inzwischen schon auf eine gewisse Tradition zurück. The amendments to the compensation system for the Board of Executive Directors relate to the following components: The previous withholding and clawback clause for the STI and LTI programs remains unchanged. Ich freue mich, dass ich gestern Abend neben vielen anderen Gästen Ministerpräsidentin Malu Dreyer, den Chef des Bundeskanzleramts, Wolfgang Schmidt, und Alexandra Herzog von Transparency International in unserem neuen Büro in der Berliner Mitte begrüßen durfte. From 2001 to 2003 he was Senior Vice President Strategic Planning. This mandatory investment is subject to a holding period of four years. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. Market Segmentation Analysis Foto: Wirtschaftsrat der CDU e.V. He lived in Wagoner, Oklahoma, United States for about 10 years and Lone Star Township . An assessment of the compensation of an ordinary member of the Board of Executive Directors in relation to the compensation paid to the company’s employees and senior executives (vertical comparison) did not provide any indications of inappropriate compensation, nor did an assessment of its development over time. the chemicals industry, and published in ICIS Mit Investitionen in die Transformation lässt sich so kein Geld verdienen. You may change or cancel your subscription or trial at any time online. Based on a proposal by the Personnel Committee, the Supervisory Board determines the structure and amount of compensation of members of the Board of Executive Directors. Brudermüller knows the car industry well with. Dr. Martin Brudermüller. transition, and on growth in China,” said From 2001 to 2003 he was Senior Vice President Strategic Planning. Our portfolio comprises six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. register here for 3. Pension provisions for previous Board members and their surviving dependents amounted to €198.2 million (2018: €159.5 million). Each member of the Board of Executive Directors may decide individually on the timing and scope of the exercise of options of the LTI programs, while taking into account the terms and conditions of the program. We support credit card, debit card and PayPal payments. Damit schaffen wir mehr Gerechtigkeit für die Transformation – denn hiervon profitieren alle Bürger und Unternehmen. MARTIN BRUDERMÜLLER, the Hong Kong-based board member of BASF who heads the company's operations in Asia as well as its global polymers, polyurethanes, and styrenics businesses, does not pretend . greatest positive impact on their companies and Vielleicht manche, bei Weitem nicht alle. we also ask you to provide thermosetting epoxy resin for the production of composite reinforcement. The achievement of operational and strategic targets is evaluated separately. Previous winners of ICIS CEO awards include Our sustainability mission is a driver for our teams every day. Brudermüller has been Chairman of the Board of Executive Directors of BASF SE since 2018 and a Board member since 2006. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.Want to learn about how we can work together to bring you actionable insight and support your business decisions? He is member of various institutions and academies, including the Senate Committees of the Max Planck Society for the Advancement of Science and the German National Academy of Science and Engineering (acatech). 3. The best result we found for your search is Danny Lynn Martin age 50s in Chickasha, OK. 2018 performance bonus (2018–2021), part 1a, 2019 performance bonus (2019–2022), part 1a. materials to enable the electric vehicle #EUGreenDeal #DigitalTransformation #CircularEconomy Cbot Norit The sum of the pension units accumulated over the reporting years determines the respective Board member’s pension benefit in the event of a claim. See here for a complete list of exchanges and delays. Furthermore, a reconciliation statement for total compensation to be reported is provided below the table “Compensation granted in accordance with the German Corporate Governance Code (GCGC)” due to the disclosures required by section 314(1) no. View upcoming events and training courses produced by ICIS for the industry. FT business books: what to read this month, My search for the ‘perfect’ all-round swimsuit, The Idol TV review — HBO’s send-up of the music industry is sleazy and self-defeating. We are sticking to our path and tackling things together. Prior to this, since 2003, he was President of the Functional Polymers division. and our licence to operate in the future, and Compare Standard and Premium Digital here. If you’d like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. In 2018, at the end of the regular term of the LTI program 2010, exercise gains that were realized in 2017 and 2018 were allocated to Dr. Hans-Ulrich Engel in accordance with the special conditions of the U.S. LTI program. The current total cap is €2,500,000 for an ordinary member of the Board of Executive Directors (performance bonus, part 1 and performance bonus, part 2). Based on this, I have a few questions for you regarding batteries (spodume Lithium? Are there any elements in CAM that are not recyclable? This generated income of €16.1 million in 2018, mainly due to the lower accounting valuation of the option rights due to the lower share price. The fixed salary is a set amount of yearly compensation paid out in equal installments. Ratcliffe (2016), former Dow Chemical Ich vertraue Ihnen und setze auf Sie. We have set ourselves ambitious goals. Change the plan you will roll onto at any time during your trial by visiting the “Settings & Account” section. Chairman of the Board of Executive Directors and CTO. Wir bei BASF stehen bereit und unterstützen dieses Ziel mit unseren Mitteln. We want to strengthen the circular economy and shift our raw material base from fossil to renewable materials. Brudermüller, Chief Executive Officer of BASF, This policy provides for the level of deductibles for the Board of Executive Directors as prescribed by section 93(2) sentence 3 of the German Stock Corporation Act. familie.de - Lucy Skarupke. It The operational targets (primarily earnings, financial, investment and operational excellence targets) cover the company’s short-term financial performance. Don’t see the commodity you’re looking for? R&D Section Head at Eagle-Chemicals Company | Scientist | PhD in polymers, nano-composites, A big step for the future of the industry. 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DAX companies in Germany and globally operating companies in the rest of Europe1 serve as an external reference. The company is entitled to offset compensation received for any other employment against pension benefits until the legal retirement age is reached. I want us to do our part: to leave behind a livable world for future generations. From 2011 he assumed the position of the Vice Chairman of the Board of Executive Directors of BASF SE and Chief Technology Officer (CTO), with responsibility for the divisions Petrochemicals, Monomers, Intermediates, Process Research & Chemical Engineering, Innovation Management, Digitalization in Research & Development, BASF New Business, as well as Corporate Technology & Operational Excellence. Shareholder Rights Directive (ARUG II), which entered into force on January 1, 2020, and the new version of the GCGC, the Supervisory Board resolved in its meeting on December 19, 2019, to amend the existing compensation system for the Board of Executive Directors. BASF generated sales of €78.6 billion in 2021. Sales did not meet the target of slight growth, mainly from higher sales volumes and portfolio effects. Bock (2017), INEOS chairman Jim #BASF_HV #NetZero2050 #TeamBASF #ProudToBeAniliner #transformation, https://www.extrapolate.com/sample/automotive/activated-carbon-for-automotive-market-report/29695?utm_source=anu8, Cefic (European Chemical Industry Council). I thank you all very much! The base price for the LTI program granted in 2019 was €68.21 (2018: €85.45). Connecting markets and data, enabling customers to make smarter business decisions. (M&A)/projects. Gallogly (2014) and former PPG BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com. From the 2019 reporting year onward, the fixed salary is presented on the basis of the fixed salary (gross) in accordance with the Board member’s contract. The table “Compensation granted in accordance with the German Corporate Governance Code (GCGC)” shows: fixed salary, fringe benefits, performance bonus, LTI program measured at fair value as of the grant date and service cost. While geopolitical tensions and energy prices may be contributing factors, many of our challenges are self-made, including overregulation, time-consuming bureaucracy, and limited infrastructure. or . I am writing to you from Ukraine where the war with the occupying troops of Russia is taking place. Overall, the strategic targets were reached in 2019, resulting in a strategic performance factor (SPF2019) of 1.0: For the 2018 performance bonus period (2018–2021), a strategic performance factor of 1.1 was determined in 2019 for the deferral component based on the targets agreed in 2018. An LTI program exists for members of the Board of Executive Directors. If the target ROCE is met and the target achievement is 100%, the performance bonus is double the fixed salary (target amount). Target agreement and target achievement in 2019. BASF’s success is built by its employees. The Supervisory Board of BASF SE extended the appointment of Dr. Martin Brudermüller as BASF's chairman of the Board of Executive Directors until the end of the 2024 Annual Shareholders' Meeting; Brudermüller's appointment was originally scheduled to end in 2023. Read the full press release here: chemovator.com/press Chairman of the Board of Executive Directors. At Chemovator, we're passionate about shaping a sustainable future. BoardEx splits total compensation into salary, bonus, other pay, and pension and equity compensa- 50% of the amount is paid out after the Annual Shareholders’ Meeting in the following year (performance bonus, part 1). The outstanding option rights held by the members of the Board of Executive Directors resulted in the following expenses in 2019: Dr. Martin Brudermüller: expense of €464 thousand (2018: income of €4,170 thousand); Dr. Hans-Ulrich Engel: expense of €339 thousand (2018: income of €3,821 thousand); Saori Dubourg: expense of €66 . Payment was made partly in local currency abroad based on a theoretical net salary in Germany. Since May 2015 he is Chief Technology Officer of BASF SE. Martin Brudermüller. The subscription platform provides access to our full range of breaking news and analysisContact us now to find out more. Ich möchte, dass wir unseren Teil dazu beitragen, nachfolgenden Generationen eine lebenswerte Welt zu hinterlassen. Martin Brudermüller was born in Stuttgart in 1961. Martin Ratkovic. Brudermüller. Ich hoffe, dass unser neues Berliner Büro hierbei als Diskussionsort im politischen #Berlin einen guten Beitrag für den Ideenaustausch zwischen Wissenschaft, Wirtschaft, Politik und Zivilgesellschaft leisten wird.
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