The Executive Board of Salzgitter AG

The Executive Board manages the company on its own responsibility. In doing so, it is bound to by the interests of the company and obliged to increase the value of the company. It strives to achieve the highest possible return on capital employed within the scope of the corporate purpose. The tasks of the Executive Board comprise the strategy and further development of the company, including the Group companies, in coordination with the Supervisory Board. The Executive Board of Salzgitter AG is made up of six members, in part with functional and in part with divisional competences. The members of the Executive Board are liable to the company for any dereliction of duty.

The Supervisory Board has established rules of procedure for the purpose of regulating cooperation in the Executive Board and involving the Supervisory Board in business transactions. The allocation of duties among the members of the Executive Board is set out under a schedule for the allocation of tasks.