Wien. The sometimes lavish salaries of ATX executives and supervisory boards recorded a slight increase last year. The total remuneration for executives rose by almost four percent or around EUR 10 million to EUR 262 million. But who actually earns the most?
Ranking. The undisputed number 1 in the large ATX salary ranking is BAWAG boss Anas Abuzaakouk. The CEO was able to look forward to a remuneration of 9.03 million euros in 2023. But Abuzaakouk had to accept losses, because in 2022 the BAWAG boss earned 9.4 million euros. His BAWAG colleagues also had to accept losses – while all ATX board members received more money on average. However, with a total of 36.6 million euros (2022: 38 million euros), they were still the top earners.
Andritz came in second place last year, with a total of EUR 20.8 million paid out to the entire management board. The top management level of voestalpine secured third place with EUR 15.4 million.
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SBO. In the salary ranking, which emerged from an analysis by the Investors’ Interest Group (IVA), SBO boss Gerald Grohmann was able to make strong gains. At EUR 5.5 million, he earned significantly more than in 2022 (EUR 3.2 million). After his departure, Grohmann received an additional EUR 4 million in severance pay. Andritz CEO Joachim Schönbeck took third place in the comparison with around EUR 5.4 million.
Variable compensation is gaining importance
Premium. Broken down by individual board members, they earned an average of EUR 1.513 million, which corresponds to an increase of EUR 4,000.
Another trend that can be seen is the increase in variable remuneration. On average, according to the IVA analysis, this accounts for around 40 percent of salary. Individual companies stand out in particular. At Palfinger, for example, a whopping 75 percent of remuneration in 2023 depended on whether the defined goals were achieved. At Andritz, the figure was also 74.5 percent. Only a few companies do without such a control element. These include DO & CO, FACC, UBM and Warimpex.
Supervisory boards. Of course, supervisory boards also want to be paid for their supervisory duties. Here – as with the salaries of the executive board – BAWAG leads the list with 1.515 million euros. The chairman of the supervisory committee was paid an annual salary of over 379,000 euros. EuroTelesites was at the bottom of the list. The young company was only listed on the stock exchange in September of the previous year and did not pay any remuneration at all to supervisory board members.
