K+S Group, Kassel, announced on Aug. 17 that Alexa Hergenröther, Chairperson of the Board of K+S Minerals and Agriculture GmbH, as well as Head of the Europe+ operating unit, will leave the company at her own request as part of the restructuring of K+S’ organization in Europe and the new sizing of administrative functions.
Dr. Josef Wiebel has been appointed by the Supervisory Board of the company as Vice President Customer Segment Agriculture and as a member of the Board of K+S.
Meanwhile, the members of the Board of Executive Directors of K+S Aktiengesellschaft will waive part of their variable remuneration for the current financial year. If the annual variable remuneration component (STI, or Short Term Incentive) reaches 100 percent, the total amount waived by the board corresponds to €665,000 (approximately $791,846 at current exchange rates), the company said.
“The challenges in times of the corona pandemic continue to be demanding for our company as well. It is important for us to send a clear message with the remuneration waiver,” said K+S Chairman of the Board of Executive Directors Burkhard Lohr.
The members of the company’s Supervisory Board a few weeks ago declared a waiver of remuneration in order to support institutions and projects in the vicinity of the K+S sites that have been disproportionally affected by the negative impact of COVID-19.