The Executive Board is made up of one or more individuals. Deputy members can be appointed. With regard to representing the company to the public, these have the same rights as the regular members of the Executive Board.
The Supervisory Board is responsible for determining the number of regular and deputy Executive Board members, appointing regular and deputy members, concluding the employment contracts, revoking the appointment of members, nominating a member of the Executive Board as Chairman, and nominating other Executive Board members as deputy members.
The Executive Board is responsible for managing the company's business in accordance with applicable law, the company's Articles of Association, and the company's standing orders. Irrespective of its joint responsibility for company management, the Executive Board decides on the distribution of responsibility for individual business areas. It draws up standing orders to be approved by the Supervisory Board.
Each member of the Executive Board is exempt of the restrictions in § 181 the German Civil Code. As the Executive Board is made up of several members, it is represented either by two Executive Board members or by one Executive Board member together with an authorized signatory.
The Executive Board has the following members:
