Siemens boss Roland Busch earned almost seven million euros in his first year in office.

That is almost two million euros more than last year, as can be seen from the compensation report that was published on Thursday.

The 57-year-old has held the top position at the Munich-based company since the beginning of February and was previously Vice-Boss under Joe Kaeser.

Kaeser, who had led Siemens since 2013, still received 4.6 million euros in remuneration for the fiscal year up to the end of September, in which he held the top position for four months.

That is around half as much as a year ago.

At the same time, the Siemens supervisory board extended the term of office of CFO Ralf Thomas until mid-December 2026. The 60-year-old has been CFO of the group since 2013.