The Supervisory Board appoints the members of the Executive Board and supervises and advises it in managing the company. The Supervisory Board is directly involved in decisions of material importance to the Company.
The chairman of the Supervisory Board coordinates its work and represents it vis-à-vis third parties. He maintains regular contact between meetings with the Executive Board, and in particular with its chairman, to discuss issues relating to the company’s strategy, business development, risk management and compliance.
The number of Supervisory Board members is based on the German Codetermination Act (MitbestG). Half of the members of the Supervisory Board were elected by the Annual General Meeting on May 5, 2022 (employer representatives). The other half are court-appointed until an election by the employees of Vitesco Technologies Group AG and its German subsidiaries (employee representatives).