Content

Language

Close

No search results. Please enter a different search term.

Compensation 2017

(audited by the external auditor)

With regard to the 2017 equity bonus plan, the Board of Directors has determined that the members of the Executive Board may receive 1/3 of their bonus in the form of shares with a vesting period of three years and at a preferential price of +20% of that part of the bonus they are entitled to receive in shares.

The entitlements for employee shares allocated under the equity participation plan are subject to a three-year vesting period.

The disclosed compensation amounts are for the services rendered in the year under review. Thus, the following tables comprise all compensation claims relating to the 2017 financial year. Compensation that has not yet been disbursed is accrued in the financial year concerned, even when the disbursement is made in the subsequent year.

Compensation of the members of the board of directors for the financial year 2017

in CHF                    
  Fixed
compensation
  Variable
compensation
 
Other payments
 
Total 2017
   
in cash
 
in cash
  Special
allowances
  Social security
expenses
   
Dr Anton Bleikolm, Member of the Board of Directors (until 12.05.2017) Chairman (as of 13.05.2017) 1)   126,185       5,885   132,070
Heinrich Fischer, Chairman (until 12.05.2017) Compensation Committee (Member)   62,152           3,531   65,683
Dr Caren Genthner-Kappesz, Member of the Board of Directors   55,000         55,000
Dieter Widmer, Audit Committee (Chairman)   75,000       5,445   80,445
Dr Thomas Moser, Compensation Committee (Chairman)   55,000       3,993   58,993
Peter Stiefenhofer, Audit Committee (Member)   60,000       4,356   64,356
Dr Beat Lüthi, Vice Chairman (as of 13.05.2017) Compensation Committee (Member)   36,667       2,648   39,315
Total   470,004       25,858   495,862
1) Until 12.05.2017 Member of the Board of Directors. Compensation paid against invoice excl. VAT.

Compensation of the members of the board of directors for the financial year 2016

in CHF                    
  Fixed
Compensation
  Variable
compensation
 
Other payments
 
Total 2016
   
in cash
 
in cash
  Special
allowances
  Social security
expenses
   
Heinrich Fischer, Chairman Compensation Committee (Member)   163,336       9,279   172,615
Dr Caren Genthner-Kappesz (as of 29.04.2016) Member of the Board to Directors   36,667       2,691   39,358
Gonpo Tsering, Vice Chairman (until 28.04.2016) Compensation Committee (Chairman)   15,000       1,101   16,101
Dieter Widmer, Audit Committee (Chairman)   70,000       5,137   75,137
Dr Thomas Moser, Compensation Committee (Chairman)   51,667       3,791   55,458
Peter Stiefenhofer, Audit Committee (Member)   55,000       4,036   59,036
Dr Anton Bleikolm, Member of the Board of Directors 1)   51,667         51,667
Total   443,337       26,035   469,372
1) Compensation paid against invoice excl. VAT

The social security expenses include the mandatory employer’s contributions. No pension fund contributions were made.

Compensation of the members of the executive board for the financial year 2017

in CHF                            
 

Fixed
compensation
 

Short term variable compensation
incl. bonus share plan 2)
  Long term
variable
compensation
(vested benefits)
 


Other payments
  Social
security and
penson fund
expenses
 


Total 2017
    in cash (CHF)   in cash (CHF)   in shares (CHF)   in shares (CHF) 3)            
Martin Buyle, CEO Orell Füssli Group 1)   350,000   135,450   -   50,672   29,275   91,621   657,018
Other members of the Executive Board 1)   386,009   71,703   -   -   43,480   99,814   601,006
Total   736,009   207,153   -   50,672   72,755   191,435   1,258,024
1) The Executive Board consisted of four members as of 31 December 2017 (incl. CEO). The fourth Member of the Executive Board started his work on 01.08.2017.
2) The short-term variable compensation component is paid out in the following year. With regard to variable compensation components, the members of the Group Management can choose to receive it entirely in cash or 2/3 in cash and 1/3 in shares. No bonus shares were allocated for the financial year 2017.
3) Valued in accordance with the market price on the day of allocation (01.01.2017) at CHF 124.50.

Compensation of the members of the executive board for the financial year 2016

in CHF                            
 

Fixed
compensation
 

Short term variable compensation
incl. bonus share plan 2)
  Long term
variable
compensation
(vested benefits)
 


Other payments
  Social
security and
pension fund
expenses
 


Total 2016
    in cash (CHF)   in cash (CHF)   in shares (CHF) 3)   in shares (CHF) 4)            
Martin Buyle, CEO Orell Füssli Group 1)   350,000   208,250   -   51,072   29,633   103,539   742,494
Other members of the Executive Board 1)   311,004   110,760   12,667   -   48,976   87,268   570,675
Total   661,004   319,010   12,667   51,072   78,609   190,807   1,313,169
1) The Executive Board consisted of three members as of December 12 2016 (incl. CEO)
2) The short-term variable compensation component is paid out in the following year. With regard to variable componsation components, the members of the Group Management can choose to receive it entirely in cash of 2/3 in cash and 1/3 in shares.
3) 3-year vesting period, valued in accordance with the market price at the time of allocation (December 2016) at CHF 122.98. The transfer took place on 10.04.2017.
4) Valued in accordance with the market price on the day of allocation (1.1.2016) at CHF 114.00.

The social security and pension fund expenses include the mandatory and voluntary employer’s contributions. The pension fund contributions are made jointly by the employer and the employee.

Loans and other payments

The provisions applicable to loans and other payments are set out in article 18i of the articles of incorporation (www.orellfuessli.com/articles_of_incorporation).

In the 2017 and 2016 financial years, no loans were granted to the current or past members of the Board of Directors and the Executive Board. Additionally, no guarantees were given on behalf of the members of these bodies for loans granted by third parties. As of 31 December 2017, no such loan receivables were disclosed on the balance sheet.

Further disclosure

The Orell Füssli Group did not make any other payments to current or previous members of the Board of Directors, the Executive Board or any related parties thereof and did not waive any claims that it had against such persons.