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Annual Report 2025
Annual Report 2025
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7. Board and Executive compensation

The compensation and the number of shares held by the Board of Directors are composed as follows:


in thousand CHF		   Fix in cash   Mandate   Committee   Total   Number of
registered
voting shares		   Number of
registered
preferred shares
For the year 2025                        
Markus Brütsch   90   –   –   90   228 220   4 240
Robert Hunink 1   15   –   –   15   32 500   –
Werner Fleischmann   30   –   –   30   1 874 749   135 554
Bernhard Pauli   30   –   –   30       848
Olivier Kobel   30   15   –   45   –   848
Martin Tobler 2   18   –   –   18   1 980   –
Total   213   15   –   228   2 137 449   141 490
1 This Board member resigned in May of the respective year
2 This Board member was elected for the first time in May 2025.
3 For further information on the committees, please refer to the chapter on Corporate Governance, under the heading committees.

in thousand CHF		   Fix in cash   Mandate   Committee   Total   Number of
registered
voting shares		   Number of
registered
preferred shares
For the year 2024                        
Markus Brütsch   90   –   –   90   228 220   4 240
Jürgen Blaser 1   13   –   –   13   3 500   –
Robert Hunink   45   –   5 3   50   32 500   –
Werner Fleischmann   30   –   –   30   1 833 284   135 554
Bernhard Pauli   30   –   5 3   35   –   848
Olivier Kobel   30   53   –   84   –   848
Total   238   53   10   302   2 097 504   141 490
1 This Board member resigned in May of the respective year

As of the balance sheet date, there are no loans between the company and the Group Management. The compensation and the number of shares held by the Group Management are composed as follows:


in thousand CHF		   Salary Fix in cash   Variable in cash 1   Employer social
contributions 2		   Total   Number of
registered
voting shares		  
For the year 2025                      
Fabian Leu, Markus Pfannkuch, co-CEOs   440   44   60   544   6 600  
Group Manage-ment Total   620   59   84   763   6 600  

in thousand CHF		   Salary Fix in cash   Variable in cash 1   Employer social
contributions 2		   Total   Number of
registered
voting shares		  
For the year 2024                      
Fabian Leu, Markus Pfannkuch, co-CEOs   400   33   54   487   6 600  
Group Manage-ment Total   801   33   164   998   242 320  
1 During 2025 and 2024 no share-based compensation was made to the Group Management. The bonus payments are based on the last financial year (2024) and are only paid out in the following year.
2 These amounts comprise payments to pension plans (mandatory and non-mandatory), ESPPs and other social contributions.

No compensation was made to former members of the Board of Directors or Group Management. Furthermore, no payments at more favorable conditions were made to active or former members of the Board of Directors or Group Management.