Evonik Industries Management

Management criteria checks 3/4

We currently do not have sufficient information about the CEO.

Key information

Christian Kullmann

Chief executive officer

€4.0m

Total compensation

CEO salary percentage	34.7%
CEO tenure	10.3yrs
CEO ownership	n/a
Management average tenure	8.5yrs
Board average tenure	6.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Christian Kullmann's remuneration changed compared to Evonik Industries's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	€229m
Jun 30 2024	n/a	n/a	-€90m
Mar 31 2024	n/a	n/a	-€356m
Dec 31 2023	€4m	€1m	-€465m
Sep 30 2023	n/a	n/a	-€604m
Jun 30 2023	n/a	n/a	-€295m
Mar 31 2023	n/a	n/a	€272m
Dec 31 2022	€4m	€1m	€539m
Sep 30 2022	n/a	n/a	€926m
Jun 30 2022	n/a	n/a	€944m
Mar 31 2022	n/a	n/a	€869m
Dec 31 2021	€5m	€1m	€748m
Sep 30 2021	n/a	n/a	€724m
Jun 30 2021	n/a	n/a	€642m
Mar 31 2021	n/a	n/a	€546m
Dec 31 2020	€5m	€1m	€489m
Sep 30 2020	n/a	n/a	€614m
Jun 30 2020	n/a	n/a	€617m
Mar 31 2020	n/a	n/a	€679m
Dec 31 2019	€5m	€1m	€753m
Sep 30 2019	n/a	n/a	€506m
Jun 30 2019	n/a	n/a	€624m
Mar 31 2019	n/a	n/a	€673m
Dec 31 2018	€4m	€1m	€686m
Sep 30 2018	n/a	n/a	€841m
Jun 30 2018	n/a	n/a	€797m
Mar 31 2018	n/a	n/a	€788m
Dec 31 2017	€4m	€1m	€713m

Compensation vs Market: Christian's total compensation ($USD4.25M) is above average for companies of similar size in the Italian market ($USD2.49M).

Compensation vs Earnings: Christian's compensation has been consistent with company performance over the past year.

CEO

Christian Kullmann (55 yo)

10.3yrs

Tenure

€4,035,000

Compensation

Mr. Christian Kullmann has been Chairman of Executive Board and Chief Executive Officer of Evonik Industries AG since May 24, 2017 and May 23, 2017 respectively. He served as Deputy Chairman of the Supervi...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christian Kullmann	CEO & Chairman of the Executive Board	10.3yrs	€4.04m	no data
Harald Schwager	Deputy Chairman of the Executive Board	7.2yrs	€3.26m	no data
Maike Schuh	CFO & Member of Executive Board	1.6yrs	€1.04m	no data
Thomas Wessel	Chief Human Resources Officer	13.2yrs	€2.22m	no data
Wilfried Ostendorf	Head of Production and Technology	no data	no data	no data
Tim Lange	Head of Investor Relations	no data	no data	no data
Thomas Mahlstedt	Vice President M&A	no data	no data	no data
Christian Schmid	Head of Corporate Communications	8.5yrs	no data	no data
Stefan Mack	Head of the Methionine & Derivatives Product Line	no data	no data	no data
Matthias Ruch	Head of External Communications & Corporate Press Officer	no data	no data	no data
Gaetano Blanda	Head of Business Line Coating Additives	no data	no data	no data
Lauren Kjeldsen	Head of the Smart Materials Division	no data	no data	no data

8.5yrs

Average Tenure

58yo

Average Age

Experienced Management: 1EVK's management team is seasoned and experienced (8.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Bernd Tönjes	Independent Chairman of the Supervisory Board	6.5yrs	€398.00k	no data
Aldo Belloni	Independent Member of Supervisory Board	7.5yrs	€180.00k	no data
Werner Fuhrmann	Independent Member of Supervisory Board	3.4yrs	€147.00k	no data
Michael Rudiger	Independent Member of Supervisory Board	11.7yrs	€237.00k	no data
Alexandra Krieger	Employee Representative Member of Supervisory Board	2.5yrs	€169.00k	no data
Angela Titzrath	Independent Member of Supervisory Board	8.5yrs	€158.00k	no data
Barbara Albert	Independent Member of Supervisory Board	10.3yrs	€137.00k	no data
Martin Albers	Employee Representative Member of Supervisory Board	9.1yrs	€179.00k	no data
Martin Kubessa	Employee Representative Member of the Supervisory Board	6.5yrs	€105.00k	no data
Martina Reisch	Employee Representative Member of Supervisory Board	5.5yrs	€122.00k	no data
Hussin El Moussaoui	Employee Representative Member of Supervisory Board	4.9yrs	€122.00k	no data
Alexander Bercht	Employee Representative Deputy Chairman of the Supervisory Board	1.2yrs	€92.00k	no data

6.5yrs

Average Tenure

58yo

Average Age

Experienced Board: 1EVK's board of directors are considered experienced (6.5 years average tenure).

Evonik Industries Management

Management criteria checks 3/4

Key information

Recent management updates

Evonik Industries AG, Annual General Meeting, May 28, 2025

Evonik Industries AG, Annual General Meeting, May 31, 2023

Recent updates

Third quarter 2024 earnings released: EPS: €0.48 (vs €0.21 loss in 3Q 2023)

Evonik Industries AG to Report Q1, 2025 Results on May 12, 2025

Evonik Industries AG to Report Q2, 2025 Results on Aug 01, 2025

Second quarter 2024 earnings released: €0.01 loss per share (vs €0.58 loss in 2Q 2023)

Upcoming dividend of €1.17 per share

First quarter 2024 earnings released: EPS: €0.33 (vs €0.10 in 1Q 2023)

Evonik Industries AG, Annual General Meeting, May 28, 2025

Full year 2023 earnings released: €1.00 loss per share (vs €1.16 profit in FY 2022)

International Chemical Investors S.E. agreed to acquire Superabsorbents business of Evonik.

Lanxess Reportedly Seeks to Sell Polyurethane Ops

Third quarter 2023 earnings released: €0.21 loss per share (vs €0.46 profit in 3Q 2022)

New minor risk - Share price stability

Second quarter 2023 earnings released: €0.58 loss per share (vs €0.64 profit in 2Q 2022)

Evonik Industries AG to Report Q1, 2024 Results on May 08, 2024

Evonik Industries AG Revises Financial Guidance for the Full Year 2023

RAG Stiftung Not in Hurry to Cut Evonik Stake

Upcoming dividend of €1.17 per share at 5.9% yield

First quarter 2023 earnings released: EPS: €0.10 (vs €0.67 in 1Q 2022)

Full year 2022 earnings released: EPS: €1.16 (vs €1.61 in FY 2021)

SABO S.p.A. acquired TAA derivatives business from Evonik Industries AG (XTRA:EVK).

Kensing, LLC completed the acquisition of Amphoteric Surfactants and Specialty Esters Manufacturing Operations in Hopewell, Virginia from Evonik Industries AG (XTRA:EVK).

Evonik Industries AG to Report Q2, 2023 Results on Aug 04, 2023

Second quarter 2022 earnings released: EPS: €0.64 (vs €0.48 in 2Q 2021)

Kensing, LLC entered into an agreement to acquire Amphoteric Surfactants and Specialty Esters Manufacturing Operations in Hopewell, Virginia from Evonik Industries AG (XTRA:EVK)

Kensing, LLC entered into an agreement to acquire Amphoteric Surfactants and Specialty Esters Manufacturing Operations in Hopewell, Virginia from Evonik Industries AG (XTRA:EVK)

Investor sentiment deteriorated over the past week

Evonik Industries AG, Annual General Meeting, May 31, 2023

Upcoming dividend of €1.17 per share

First quarter 2022 earnings released: EPS: €0.67 (vs €0.41 in 1Q 2021)

Evonik Industries AG Provides Earnings Guidance for the Full Year 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment deteriorated over the past week

Evonik Industries AG to Report Q4, 2022 Results on Mar 02, 2023

Third quarter 2021 earnings released: EPS €0.49 (vs €0.32 in 3Q 2020)

Second quarter 2021 earnings released: EPS €0.48 (vs €0.26 in 2Q 2020)

Evonik Industries AG (XTRA:EVK) acquired JeNaCell GmbH.

Orion Engineered Carbons S.A. Settles Dispute with Evonik Industries AG

Upcoming dividend of €1.15 per share

First quarter 2021 earnings released: EPS €0.41 (vs €0.29 in 1Q 2020)

Cassava Sciences Announces Pharmaceutical Supply Agreement for Simufilam

Full year 2020 earnings released

Revenue beats expectations

New 90-day high: €28.15

Evonik Industries AG to Report Q4, 2020 Results on Mar 04, 2021

New 90-day high: €27.68

Evonik Industries AG (XTRA:EVK) completed the acquisition of LACTEL Absorbable Polymer Product Line of DURECT Corporation (NasdaqCM:DRRX) for $15 million.

New 90-day high: €27.34

New 90-day high: €26.75

Evonik Industries AG to Report Q2, 2021 Results on Aug 05, 2021

New 90-day high: €24.64

Evonik Industries AG to Report Q3, 2021 Results on Nov 04, 2021

Revenue beats expectations

Third quarter 2020 earnings released: EPS €0.32

New 90-day low: €21.62

New 90-day low: €22.63

CVC Capital Partners Ltd. completed the acquisition of 25.01% stake in Evonik Industries AG from RAG Foundation.

Evonik Industries AG (XTRA:EVK) entered into a definitive agreement to acquire Porocel Corporation for $210 million.

First half earnings released

Evonik Industries AG (XTRA:EVK) completed the acquisition of Innovativehealth Group,s.l

United Initiators GmbH completed the acquisition of Hydrogen Peroxide (H2O2) plant of Evonik Industries AG (XTRA:EVK).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age