Executive Board
The Executive Board of Deutsche EuroShop AG is the Group’s management body.
The
Executive Board is bound to observe the interests of the Company and
aims to increase its enterprise value in the long term.
Our members of the Executive Board:
- Claus-Matthias Böge (CEO)
- Olaf G. Borkers (CFO)
The Executive Board of Deutsche EuroShop manages the company in accordance with the provisions of German company law. The Executive Board’s duties, responsibilities and business procedures are laid down in its rules of procedure and in its schedule of responsibilities. The chief management duties of the Executive Board are the determination of the group’s strategic orientation and management, planning, and the establishment and implementation of risk management. The Executive Board of Deutsche EuroShop currently comprises two members.
Claus-Matthias Böge
Born 13 February 1959
First appointed: 2001
Appointment ends: 2015
On joining Deutsche EuroShop at the end of 2001, Claus-Matthias Böge became a member of the Executive Board. In 2003 he assumed his current position as spokesman for the Executive Board. He functions simultaneously as Managing Director of Deutsche EuroShop Verwaltungs GmbH, Deutsche EuroShop Management GmbH and of DES Beteiligungs GmbH. Claus-Matthias Böge is also a personally liable partner of a foreign subsidiary.
Olaf G. Borkers
Born 10 December 1964
First appointed: 2005
Appointment ends: 2016
On joining Deutsche EuroShop in October 2005, Olaf G. Borkers became a member of the Executive Board. He also functions simultaneously as Managing Director of Deutsche EuroShop Verwaltungs GmbH , Deutsche EuroShop Management GmbH and of DES Beteiligungs GmbH.
Executive Board Remuneration
In FY 2010 the remuneration of the Executive Board amounted to € 1,154 thousand, and is broken down as follows:
€ thousand |
Fixed |
Variable |
Other |
Total |
|
Claus-Matthias Böge |
300 |
439 |
65 |
804 |
|
Olaf G. Borkers |
168 |
172 | 10 |
350 |
No advances or loans were granted to the members of the Executive Board.
Source: Annual Report 2010, page 85