24.02.2014 • News • Clariant • Dede Willams • People

Clariant CEO Forfeits a Third of Süd-Cheme Integration Bonus

Hariolf Kottmann, CEO of Swiss specialty chemicals maker Clariant, has made headlines by deciding to forgo half of a €3 million Swiss franc bonus he is due for the integration of Süd Chemie, the German company acquired in 2011.

"A CEO of a listed company must have the sensitivity to follow the wishes of shareholders," Kottmann said in an interview with a Basel newspaper. Major Clariant shareholders, he revealed, were unhappy with plans by the supervisory board to reward the CEO as well as a number of top managers with a special bonus.

The bonus paid to the Clariant CEO for reaching the company's targets in a certain year amounts to 100% of the executive's total salary, in Kottmann's case 6.2 million Swiss francs.

Whitepaper

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)
Setting the Standard

Excellence in Pharmaceutical Distribution and The Critical Role of Good Distribution Practice (GDP)

Are you ready to elevate your pharmaceutical operations? Download our exclusive whitepaper and discover how compliance with Good Distribution Practice (GDP) is essential for the safety and integrity of pharmaceuticals.

Innovation Pitch

The Start-up Platform for Chemistry & Life Sciences
Discover Tomorrow’s Innovators

The Start-up Platform for Chemistry & Life Sciences

CHEManager Innovation Pitch supports innovation in the chemistry and life sciences start-up scene. The platform allows founders, young entrepreneurs, and start-ups to present their companies to the industry.

Top-Feature