With the conclusion of the 2026 Annual General Meeting, four shareholder representatives – Akihiro Eto, Laura Ipsen, Renata Jungo Brüngger, and Martin H. Richenhagen – left the Supervisory Board having not stood for re‑election. Continuity was ensured through the re‑election of Michael Brosnan, Marie Wieck, Harald Wilhelm, and Joe Kaeser, who continues as Chairman of the Supervisory Board. The election of Wayne Eyre, Claudia Nemat, Britta Seeger, and Vipin Sondhi further strengthens the Board’s collective expertise, particularly in the areas of key global growth markets, digital transformation, and global industrial leadership. In addition, Jan Gurander and Kurt Sievers, previously court‑appointed, were elected by the Annual General Meeting for the first time ensuring continued financial and technological expertise. Subsequent to the Annual General Meeting, Kurt Sievers was appointed by the Supervisory Board to the newly created role of Lead Independent Director, providing an additional point of contact for investors and further reinforcing independent oversight. With the implementation of a staggered board approach with differing terms in office, greater flexibility is given while maintaining the right level of stability. 

Shareholders also approved the revised Remuneration System 2027+ for the members of the Board of Management, fully aligned with the company’s “Stronger 2030” strategy initiated last year. The revised framework simplifies the remuneration structure and sharpens the link to financial and strategic targets, thereby strengthening performance-based remuneration and an ownership-oriented culture. Core components include share-based long-term remuneration, an increased focus on relative financial performance measures, and the systematic integration of strategic and ESG-related targets, clearly underpinning the principle of “pay for performance”. The new system will apply from the 2027 fiscal year. 

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