The remuneration of the Group Executive Board is designed to attract and retain highly qualified and motivated professionals and executive personnel in the long term, and to provide the latter with an incentive for the sustainable enhancement of corporate value. It is systematic, transparent and long-range. The compensation is paid without the issue of share options.
|CHF in thousands||Total
Group Executive Board
Group Executive Board
|Fixed base salary paid in cash||3,165||3,221||882||882|
|Variable performance-related salary component in cash||1,916||1,708||547||477|
|Variable earnings-related compensation paid in shares 1||853||731||217||189|
|Service-related and non-cash benefits||118||109||17||18|
|Employer contributions to social security 2||526||510||146||139|
|Total remuneration to members of the Group Executive Board||7,344||7,075||1,958||1,853|
|Benefits paid following retirement from the Group Executive Board 3||1,026||190||-||-|
|Total remuneration paid to members of the Group Executive Board, including benefits paid following retirement from the Group Executive Board||8,370||7,265||1,958||1,853|
1 The shares are reported at market value and are blocked from sale for three years.
2 Employer contributions to social security (AHV, IV, EO and FAK incl. administrative costs as well as KTG and accident insurance) are included in the total remuneration.
3 Remuneration paid to the members of the Group Executive Board who departed from the Board in the reporting year resp. in 2020 to fulfil contractual obligations during the notice period.
|Group Executive Board members||Number of shares
as at 31.12.2021
|Number of shares
as at 31.12.2020
|Urs Schaeppi (CEO)||5,445
|Eugen Stermetz 1||-||-|
|Mario Rossi 2||-||1,897|
|Klementina Pejic 3||-||-|
|Hans C. Werner 4||-||1’588|
|Total shares of the members of the Board of Directors||8,209||10,642|
All transactions in Swisscom registered securities, stock options or other financing instruments based on Swisscom shares or stock options are published by the SIX Swiss Exchange in compliance with the directive concerning the disclosure of management transactions.