Translation of "Konzernvorstand" in English

During 2017, the following changes also occurred in the Group's Executive Board:

This was decided by the Group Executive Board in its meeting on May 24, 2016.

The outcome is that a problematic package is escalated to group top management.

Significant changes are documented and reported to the Board of Management.

The management measures are defined in close cooperation with the Executive Board.

The measures required are defined in close cooperation with the Group's Executive Board.

The same was true for the directors and the concern management: they all had to achieve the planned profit margins.

Business Area Managers are responsible within their units, for following the strategy set out by the Board of Directors.

The established compliance risk atlas was supplemented with a compact compliance annual report to the Group Management Board during the year under review.

The auditor regularly reports to the Board of Management and the Supervisory Board on the identification of any weaknesses in the internal control system.

The Board of Management and internationally leading experts as independent judges are involved in major funding decisions.

Will Waggott has left the Executive Board of TUI Group on 30 June 2016.

Salastie has worked in the company since 1997 and led the Group Board since 2011.

The colleagues here are in a close exchange with the Group Executive Board and other Otto Group departments.

In the summer of 2010, the supervisory board of ZF Sach’s parent company, ZF Friedrichshafen AG, appointed him to its executive board in Friedrichshafen, where he assumed responsibility for materials management.

In a joint declaration by the Group Executive Board and employee representatives, the Group undertakes to facilitate entry to ThyssenKrupp for people with disabilities, to support them, and to report each year on progress with inclusion.

On the capital side, the general shareholders’ meeting confirmed the six Supervisory Board Members who have been in office until now, as well as the two candidates who put their names on the ballot for the first time: Peter Bauer, presently the Chairman of the Supervisory Board at Osram Licht AG and until 2012, Chairman of the Management Board at Infineon, as well as Dr. Herbert Diess, Member of the Management Board of BMW AG for many years and designated Group Management Board member of Volkswagen AG.

At a turbulent company meeting on 10 December 2012 at Opel/General Motors in Bochum, Germany, Mr. Sedran, member of the board of directors of the company, announced in a cowardly and inhuman manner the decision to shut down the plant in Bochum with more than 3200 employees in 2016.

In addition, Deutsche Post DHL's Supervisory Board in its meeting yesterday appointed Hermann Ude and Bruce Edwards to the Board of Management for another five years starting 2011.

Jürgen Gerdes, Deutsche Post DHL’s MAIL Board Member, described Deutsche Post’s involvement as follows:Â “Our letter and parcel carriers are out on the road every day and are very familiar with the hazards, especially the danger to children.

The same was true for the directors and the concern management: they all had to achieve the planned profit margins.

From 2005 until being appointed to the Group Board of Management, Mr. Höttges headed European operations as member of the Board of Management, T-Mobile International.

On behalf of KOSTAL, Dr Ludger Laufenberg, President & CEO, received the award from VW Group CEO Matthias MÃ1?4ller and Dr Francisco Javier Garcia Sanz, Board Member of the Procurement Division, at a festive event in Berlin.