Compensation of the Implenia Executive Committee (IEC)

Compensation paid to the Implenia Executive Committee in 2019

  

Annual base
salary

 

Short-Term
Incentive4,9

 

Long-Term Incentive
PSU 2019‑2021 cycle5

 

Blocked shares
allocated6

 

Other
compensation 20197

 

Social security expenses8

 

Total
compensation
10

 

 

CHF t

 

CHF t

 

Number of PSUs allocated

 

CHF t

 

Number

 

CHF t

 

CHF t

 

CHF t

 

CHF t

André Wyss, CEO1

 

1,200

 

222

 

50,926

 

1,100

 

 

 

 

386

 

2,908

Other members of the IEC2

 

2,440

 

922

 

49,644

 

1,072

 

 

 

75

 

987

 

5,496

Total IEC

 

3,640

 

1,144

 

100,570

 

2,172

 

 

 

75

 

1,373

 

8,404

Members of the Group Executive Board3

 

1,171

 

449

 

 

 

13,754

 

438

 

409

 

561

 

3,028

Grand Total 2019

 

4,811

 

1,593

 

100,570

 

2,172

 

13,754

 

438

 

484

 

1,934

 

11,432

1 This is the highest compensation for an IEC member.
2 The members include René Kotacka for the full year and the new members pro rata on joining the IEC. Amounts in EUR for Matthias Jacob, Head Country Management, were converted at a rate of EUR 1 = CHF 1.11245 which is the same average yearly exchange rate used in Implenia 2019 consolidated financial statements.
3 Included in this table are four members of the Group Executive Board (GEBO), as executive management was called until 28.2.2019. Anton Affentranger, former CEO, left Implenia on 30.9.2018 based on a termination agreement as per 31.01.2019. The compensation paid in January 2019 is included here. André Métral left the Group Executive Board on 28.2.2019, but remained employed with Implenia; his compensation related to his executive position is included for the full year. Christoph Gämperle’s executive management employment contract expired on 30.9.2019, and Beat Fellmann terminated his employment with Implenia on 30.11.2019. Their compensation is included pro rata.
4 Short-term incentive for the performance year 2019, paid in the subsequent year. The CEO has, in agreement with the Board, decided to forfeit a substantial part of his deserved STI in order to personally contribute to the transition year 2019 of Implenia.
5 The number of PSUs is calculated by dividing the LTI award amount by the fair value per PSU. The fair value at time of grant was CHF 21.6. For Matthias Jacob, Head Country Management, the LTI award in EUR was converted at a rate of EUR 1 = CHF 1.1236 (the currency exchange rate on grant date).
6 Amounts based on closing price when shares allocated at year-end 2019.
7 Under other compensation are included perquisites such as mobility allowance, car lease financed by the Company, or accumulated vacation paid to executive members leaving Implenia.
8 Social security expenses include mandatory employer social security expenses and pension contributions as per governmental requirements and market practice.
9 Short-term incentives for former members of the Group Executive Board: one month for Anton Affentranger; for Beat Fellmann, the short-term incentive payment for 2019 is pro-rated until the termination of his employment with Implenia on 30.11.2019 and is capped at 100 %. The short-term incentive payments for André Metral and Christoph Gämperle are included respectively for the entire year or pro-rata until the expiration of the executive management employment contract.
10 No additional fees or compensation were invoiced by members of the IEC for the year under review (last year: also CHF 0).