The Group Executive Board, as appointed by the Board of Directors, is composed of the CEO, business division heads and heads of Group Business Steering and Group Human Resources.
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.
|CHF in thousands||Total for GEB
|Total for GEB
|Fixed base salary paid in cash||3,606||3,694||882||882|
|Variable performance-related salary component in cash||1,636||1,874||417||459|
|Variable earnings-related compensation paid in shares 1||757||886||165||182|
|Service-related and non-cash benefits||105||95||15||22|
|Employer contributions to social security 2||539||575||132||137|
|Total remuneration to members of the Group Executive Board||7,516||8,016||1,759||1,829|
|Benefits paid following retirement from the Group Executive Board 3||-||605||-||-|
|Total remuneration paid to members
of the Group Executive Board, including benefits paid following retirement from the Group Executive Board
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. administration costs, and daily sickness benefits and accident insurance) are included in the total remuneration.
3 Contractual compensation payments made during the notice period to a Group Executive Board member who resigned from the Board during the previous year.
|Members of the Group Executive Board||Number of shares as at 31.12.2019||Number of shares as at 31.12.2018|
|Urs Schaeppi (CEO)||4,752||4,380|
|Hans C. Werner||1,440||1,259|
|Christoph Aeschlimann 1||-||-|
|Heinz Herren 2||-||1,856|
|Total shares of members of the Group Executive Board||10,741||11,030|
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.
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