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Walldorf (dpa) - SAP boss Christian Klein does not come close to his predecessor Bill McDermott in terms of salary.
In his first full year at the top, the CEO of Europe's largest software company secured extrapolated remuneration claims of around 7.3 million euros, according to the annual report published on Thursday.
The figure includes fixed salary components for 2020 in the amount of 2.2 million euros plus variable long-term remuneration components, which the company put at 5.1 million euros at the end of the year.
However, depending on the development of the group, this number could fall or rise to 14.7 million euros.
The US-American McDermott had brought it to a total remuneration of projected 12.8 million euros in the previous year.
McDermott was CEO until mid-October 2019, before Klein initially moved to the top of the Walldorf group together with Jennifer Morgan.
Morgan did not stay there long - 40-year-old Klein has been the sole boss since May 2020.
He had announced that in view of the Corona crisis he wanted to donate around 220,000 euros of his salary to charity.
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The total remuneration of all SAP board members - including variable long-term components - was extrapolated to 32.2 million euros at the end of the year.
Excluded from this number and from Klein's remuneration claims are variable bonus payments for 2020: These still appear in the annual report with hypothetical key figures - however, according to company information, it is now clear that these funds will not flow at all due to missed goals.
The remuneration of the Executive Board was well below the 2019 mark of 54.6 million euros.
SAP had lost its financial and profitability targets in the fall, as a result of which the share price collapsed massively.
This was also reflected in the Executive Board's salary claims.
© dpa-infocom, dpa: 210304-99-688127 / 2
Annual report with executive board remuneration