(35) Remuneration paid to the Management and Supervisory Board

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As of 31 December 2014, the Management Board of Telekom Austria Group is composed of Hannes Ametsreiter as Chief Executive Officer (CEO), Siegfried Mayrhofer as Chief Financial Officer (CFO) and Günther Ottendorfer as Chief Technology Officer (CTO). On 1 June 2014, Siegfried Mayrhofer succeeded Hans Tschuden as Chief Financial Officer. Günther Ottendorfer is a member of the Management Board since 1 September 2013.

The following table summarises the remuneration of members of the Management Board and Supervisory Board:

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in TEUR

2014

2013

*

See Note (31).

As the Management Board was extended by the Chief Technology Officer since 1 September 2013, figures can only be compared to a limited extent.

Basic remuneration (fixed salary incl. remuneration in kind)

1,484

1,118

Variable remuneration

1,374

1,349

Share-based compensation (Long Term Incentive Program)*

87

111

Total

2,945

2,578

 

 

 

Compensation Supervisory Board

212

220

On 31 May 2014, Hans Tschuden’s contract, due to expire on 31 March 2015, was terminated prematurely. In 2014, remuneration of the Management Board and Supervisory Board does not include termination expenses of TEUR 737 and the severance of TEUR 850 related to the resignation of Hans Tschuden. Furthermore, TEUR 213 were paid into a pension plan.

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