5 Share Ownership of the Members of the Board of Directors and the Executive Committee

Based on information available to Lonza, the members of the Board of Directors and parties closely associated with them held, as of 31 December 2018: 62,245 (2017: 166,736)1 registered shares of Lonza Group Ltd and controlled 0.08% (2017: 0.22%) of the share capital. None of the members of the Board of Directors or Executive Committee owns shares in the Group’s subsidiaries or associates.

1 Spouse, children below 18, any legal entities that they own or otherwise control, or any legal or natural person who is acting as their fiduciary

The Company feels strongly that our Executive Committee and other senior managers should have a defined shareholding in Lonza to strengthen their alignment with our shareholders’ interests. Starting in 2016 Lonza established minimum shareholding requirements for the Executive Committee and other senior managers based on their level in the organization and specified a five-year period to achieve these minimum requirements. Shareholding levels were reviewed annually beginning in January 2016. The NCC may periodically review the minimum shareholding requirements.

As approved during the 2018 AGM, the shareholding requirements for EC members and the CEO were increased.

The members of the Executive Committee and parties closely associated with them held 107,572 (2017: 93,728) shares and controlled 0.14% (2017: 0.13%) of the share capital. The individual control rights are proportional to the holdings shown below.

Board of Directors

Lonza shares (numbers)

 

2018

 

2017

 

 

 

 

 

Albert Baehny
Chairperson from May 2018 on

 

1,149

 

329

Rolf Soiron
Chairperson until May 2018

 

n/a

 

85,649

Patrick Aebischer
Vice-Chairperson

 

5,889

 

11,464

Werner Bauer

 

25,801

 

25,350

Jean-Daniel Gerber

 

n/a

 

17,312

Angelica Kohlmann

 

205

 

n/a

Christoph Mäder

 

2,692

 

2,207

Barbara Richmond

 

3,947

 

3,496

Margot Scheltema

 

9,781

 

9,255

Jürgen Steinemann

 

6,043

 

5,592

Antonio Trius

 

6,533

 

6,082

Olivier Verscheure

 

205

 

n/a

Total

 

62,245

 

166,736

Executive Committee

Lonza shares (numbers)

 

2018

 

2017

 

 

 

 

 

Richard Ridinger, CEO

 

53,351

 

52,446

Sven Abend

 

10,000

 

5,000

Marc Funk

 

36,353

 

35,046

Fridtjof Helemann

 

1,752

 

0

Rodolfo Savitzky

 

6,116

 

1,263

Total

 

107,572

 

93,728

Minimum shareholding requirements from 2018 on:

  • CEO – 3 times base salary (previously 2 times)
  • Other Executive Committee members – 2 times base salary (previously 1 time)
  • Other senior managers– annual LTIP grant value
  • Shareholdings measured at the end of January in each calendar year
  • Five years to achieve minimum requirements