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Remuneration
Remuneration of the Group’s Board of Management in financial year 2008
The following table presents the total remuneration paid to the active Board of Management members:
Cash Components
€ |
Not linked to performance |
Performance-related |
||
Active board members |
Basic salary |
Fringe benefits |
Variable |
Total |
Dr Frank Appel (chairman since 18 Feb. 2008) |
1,429,205 | 28,387 | 0 | 1,457,592 |
John Allan |
1,046,580 | 593,906 | 0 | 1,640,486 |
Bruce Edwards (since 4 March 2008) |
715,760 | 40,331 | 0 | 756,091 |
Jürgen Gerdes |
715,000 | 37,222 | 0 | 752,222 |
John P. Mullen |
1,139,871 | 767,765 | 0 | 1,907,636 |
Walter Scheurle |
860,000 | 23,891 | 0 | 883,891 |
Hermann Ude (since 4 March 2008) |
590,067 | 12,603 | 0 | 602,670 |
Components with long-term incentive effect (in €)
Active board members |
Number of SAR | Value of SAR on grant date (1 July 2008) |
Change in value of total SAR granted from 2006 to 2008 on 31 Dec. 2008 compared with value on grant date |
Dr Frank Appel (chairman since 18 Feb. 2008) |
345,000 | 955,650 | –1,995,050 |
John Allan |
230,000 | 637,100 | –420,650 |
Bruce Edwards (since 4 March 2008) |
230,000 | 637,100 | –527,064 |
Jürgen Gerdes |
230,000 | 637,100 | –895,664 |
John P. Mullen |
230,000 | 637,100 | –1,895,000 |
Walter Scheurle |
230,000 | 637,100 | –1,895,000 |
Hermann Ude (since 4 March 2008) |
230,000 | 637,100 | –422,076 |
The remuneration of the members of the Board of Management who left in 2008 breaks down as follows:
Dr Wolfgang Klein left the Board of Management of Deutsche Post AG effective 10 November 2008. As in previous years, he only received remuneration in financial year 2008 from Deutsche Postbank AG. His total remuneration breaks down as follows: basic salary of € 751,042; fringe benefits in the amount of € 24,833 and variable remuneration (one-time special payments) of € 2,400,000, which was offered and paid by Postbank. The share attributable to financial year 2007 was € 150,000. Dr Wolfgang Klein’s total proportionate remuneration for financial year 2008 was € 3,175,875. Dr Wolfgang Klein did not receive any stock appreciation rights.
Dr Klaus Zumwinkel left the Board of Management of Deutsche Post AG effective 18 February 2008. His total remuneration breaks down as follows: basic salary of € 207,265, fringe benefits in the amount of € 26,596 and variable remuneration of € 480,184 (€ 272,920 of this is attributable to a bonus share for financial year 2007 that was paid in 2008). Dr Klaus Zumwinkel’s total proportionate remuneration for financial year 2008 was € 714,045.
