Corporate Governance

HENSOLDT AG supports the principles of good corporate governance for the purpose of responsible, transparent management and control focused on the long-term growth of company value.

This is a prerequisite for cultivating the trust of national and international investors and financial markets, business partners, employees, and the general public in HENSOLDT AG. The company positions its activities in this regard around the recommendations and suggestions contained in the German Corporate Governance Code.

Managers’ Transactions

This section contains Managers’ Transaction notifications of HENSOLDT AG.
(LEI: 894500686FYLLZD3M624)

 

Publication date Name Transaction type Financial instrument Date of transaction  
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/10/13 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/10/08 More
2020/09/29 Ingrid Jägering Acquisition Share 2020/09/24 More
2020/09/28 Ingrid Jägering Acquisition Share 2020/09/24 More
2020/09/28 R&H Trust Co. (Guernsey) Limited handelnd als Trustee des Mon Repos (Guernsey) Trust Acquisition Share 2020/09/24 More
2020/09/28 Wolfgang Ischinger Acquisition Share 2020/09/25 More

Compliance Statement

Compliance Statement

The compliance statement of HENSOLDT AG can be viewed here:

Link to Compliance Statement

Code of Conduct and ESG

HENSOLDT is not only dedicated to ESG, but we firmly anchored ESG in our culture and have the full commitment of the entire organization. We launched a holistic sustainability programme in line with multinational guidelines and set ourselves ambitious ESG targets.

As part of our sustainability programme we put in place a comprehensive strategic framework that defines our initiatives within the areas of Environmental, Social and Governance. While we are intensively working on an update of our sustainability webpage, selected matters below will already give an impression on HENSOLDT’s ESG approach.

HENSOLDT’s long-term success as a business is based on the principles of cooperation, excellence, responsibility and innovation. These are values that apply to all our employees globally.

HENSOLDT’s Code of Conduct provides the basic rules for good and respectful cooperation within the company as well as with customers, suppliers and other partners. It also forms the basis of protecting ourselves against corruption and other violations of the law.

The company’s excellence is furthered by the high quality strategy and policy, which are implemented through effective business and quality management as well as efficient configuration and data management.

HENSOLDT also assumes responsibility for risk management and its employees, as well as for the environment and society it operates in.

In addition to competitive working conditions and appropriate remuneration, HENSOLDT offers and promotes diversity and equal opportunities within the company. With the company's strong presence in South Africa, HENSOLDT is also aware of its role as a responsible employer in the country. Local engineers are supported in their training and further education in order to offer them a long-term opportunity in their home country.

The conscious use of resources and proper disposal of hazardous substances to protect the environment and climate is a priority in all areas.

In particular, HENSOLDT focuses on energy reduction and measures to avoid and reduce emissions. The measures taken include reducing waste volumes and the use of paper and dangerous materials as well as comprehensive hazardous substance management, including risk assessments. Compliance with all legal and operational regulations is strictly monitored, and the REACH requirements (Registration, Evaluation, Authorization and Restriction of Chemicals) have been successfully implemented.

As a member of various organisations, forums and seminars, HENSOLDT assumes responsibility for the society it operates in. For example, the company is a member of the Federal Association of the German Security and Defence Industry, the Federal Association of the German Aerospace Industry and the Munich Security Conference – to name just a few.

For further information, please visit our corporate website: Corporate Responsibility

Articles of Association

Here you find the German version of HENSOLDT’s articles of association. A convenient English translation will be added in due course.

Governing Bodies

Learn more about HENSOLDT’s Management Board and its Supervisory Board.

Management Board

Peter Fieser

CHRO

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Member of the Management Board of HENSOLDT AG (CHRO)

Peter Fieser is member of the Management Board of HENSOLDT AG and has been the company’s CHRO since 2020. Prior to the change of the HENSOLDT’s legal form, Mr. Fieser had been managing director and CHRO of HENSOLDT GmbH since March 2017. From 2003 to 2017, Mr. Fieser held various, mainly HR-related positions, at EADS Deutschland, EADS Secure Network, Cassidian and Airbus DS Electronics. Prior to that Mr. Fieser worked at Aircabin for four years and at MTU Friedrichshafen for 14 years. Mr. Fieser holds a degree in business administration from the University of Applied Sciences Augsburg.

Thomas Müller

CEO

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Chairman of the Management Board of HENSOLDT AG (CEO)

Thomas Müller is chairman of the Management Board of HENSOLDT AG and has been the  company’s CEO since 2020. Prior to the change of HENSOLDT’s legal form, Mr. Müller had been managing director and CEO of HENSOLDT GmbH since March 2017. From 2014 to 2015, Mr. Müller held several managing positions at Airbus DS and was appointed managing director of Airbus Defence Electronics in October 2015. Mr. Müller worked for Astrium for eleven years, among others as CFO of Astrium GmbH. Previously, he acted in various management positions at EADS Systems & Defence Electronics and Deutsche Aerospace AG (DASA). Thomas Müller obtained a degree in economics and business administration from the University of the German armed forces in Hamburg.

Axel Salzmann

CFO

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Member of the Management Board of HENSOLDT AG (CFO)

Axel Salzmann is member of the Management Board of HENSOLDT AG and has been the company’s CFO since 2020. Prior to the change of the HENSOLDT’s legal form, Mr. Salzmann had been managing director and CFO of HENSOLDT GmbH since 2017. From 2015 to 2017, Mr. Salzmann worked for Bilfinger SE as CFO. During his tenure as CFO at ProSiebenSat.1 Media AG, Mr. Salzmann was responsible for several large acquisitions. From 2002 until 2007, Mr. Salzmann worked as CFO and deputy CEO at O2 Germany. Previously, he held various positions at Philips. Mr. Salzmann holds a degree in industrial engineering from the University of Hamburg.

Supervisory Board

Johannes P. Huth

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Chairman of the Supervisory Board of HENSOLDT AG

Johannes P. Huth is a Partner at KKR, Head of KKR’s operations in EMEA and member of the firm’s Management Committee. Prior to joining KKR, Mr. Huth was a member of the Management Committee of Investcorp. From 1986 to 1991, he worked at Salomon Brothers as Vice President for M&A in London and New York. Besides his position as Chairman of the Supervisory Board, Mr. Huth is currently a member of the boards of Axel Springer SE and Coty Inc. He completed a BSc with Highest Honors at the London School of Economics and an MBA at the University of Chicago.

Armin Maier-Junker*

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Vice-Chairman of the Supervisory Board of HENSOLDT AG

Mr. Maier-Junker has been vice-chairman of the Supervisory Board of HENSOLDT AG since 2020. Mr. Maier-Junker has been a member of the works council of the company’s Ulm site since 1987 and Chairman of the Ulm committee since 2013. At that time, the company operated under the names AEG-Telefunken, Telefunken Systemtechnik, DASA, EADS, Airbus Defence and Space, among others. During this time, Mr. Maier-Junker was temporarily a member of the supervisory board of Telefunken Systemtechnik GmbH and Airbus Defence and Space GmbH. Since 2016 he has been chairman of the general works council of HENSOLDT Sensors GmbH and since 2017 chairman of the group works council of HENSOLDT Holding GmbH. From 1978 to 1982, Mr. Maier-Junker completed two industrial-technical apprenticeships as a communications equipment mechanic and radio electronics technician at AEG-Telefunken with successful skilled worker examinations. From 2004 to 2005, he studied social policy, labor and social law and economics at the Goethe University in Frankfurt within the framework of the “Akademie der Arbeit”.

*: Employee representative

Jürgen Bühl*

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Jürgen Bühl has been Member of the Supervisory Board of HENSOLDT AG since 2020. Mr. Bühl has been member of both HENSOLDT Sensors GmbH’s and HENSOLDT Holding GmbH’s Supervisory Board since 2017. Since 2012, Mr. Bühl has held different positions at the headquarters of IG Metall; he is currently head of the department Coordination of Industrial Sector Policies. Prior to that, Mr. Bühl served as director for planning processes and communications as well as managing director. Mr. Bühl worked in various positions in the field of public relations and communications, after he started his professional career as an employee of the Social Democratic Party of Germany (SPD) in Munich in 1992. Mr. Bühl holds a Master of Arts in political science, communication science, and sociology from the Ludwig-Maximilians University in Munich.

*: Employee representative

Dr. Frank Döngi*

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Dr. Frank Döngi has been Member of the Supervisory Board of HENSOLDT AG since 2020. In early 2020, Dr. Döngi had been appointed as member of the supervisory board of HENSOLDT Holding GmbH and HENSOLDT Sensors GmbH, respectively, and elected chairman of the spokesman committee for executive employees. Dr. Döngi is Head of the business unit Airborne, Space & ISR Radars at HENSOLDT Sensors GmbH in Immenstaad, Germany, and Head of Eurofighter Radar. Dr. Döngi held various business and engineering management positions at Jena-Optronik GmbH in Jena, EADS Astrium S.A.S. in Toulouse, and EADS Astrium GmbH, later Airbus Defence & Space GmbH, in Friedrichshafen. Dr. Döngi started his professional career at Dornier Satellitensysteme GmbH in Friedrichshafen in 1996. He holds a Ph.D. degree in aerospace engineering from the University of Stuttgart.

*: Employee representative

Winfried Fetzer*

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Winfried Fetzer has been Member of the Supervisory Board of HENSOLDT AG since 2020. Since 2016, Mr. Fetzer had been member of the supervisory board of HENSOLDT Optronics GmbH and, since 2017, of the supervisory board of HENSOLDT Holding GmbH. In 2016, he was elected chairman of the works council of HENSOLDT Holding GmbH in Oberkochen and since 2017, he has been member of the Group works council. Mr. Fetzer has been working at HENSOLDT Optronics GmbH since 1984. He is a technician and technical business economist.

*: Employee representative

Prof. Dr. h.c. Wolfgang Ischinger

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Prof. Dr. h.c. Wolfgang Ischinger is the chairman of the Munich Security Conference. He has been Member of the Supervisory Board of HENSOLDT AG since 2020. He has been member of the Supervisory Board of HENSOLDT Holding GmbH, since 2017. From 2008 to 2014, Prof. Ischinger served as Allianz SE’s Global Head for Government Relations. As a career diplomat, Prof. Ischinger was German ambassador in London and Washington. Prior to that, he served in several senior diplomatic posts. Prof. Ischinger is an adjunct professor at the University of Tübingen and a Senior Professor for Security Policy and Diplomatic Practice at the Hertie School of Governance in Berlin. He holds a law degree from the University of Bonn. Additionally, Prof. Ischinger conducted graduate and post-graduate work at the Fletcher School of Law and Diplomacy and at Harvard Law School.

Ingrid Jägering

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Ingrid Jägering has been Member of the Supervisory Board of HENSOLDT AG since 2020. Since 2017, she has been member of the supervisory board of HENSOLDT Holding GmbH. Ms. Jägering has been member of Leoni’s management board and the company’s CFO and labor director since 2019. Until 2019, she served as executive vice president, CFO, managing director, and labor director at OSRAM Opto Semiconductors. From 2012 until 2016, Ms. Jägering was vice president and CFO for the business units turbo machinery and power plants of MAN Diesel & Turbo SE. Ms. Jägering started her professional career at Siemens in 1988, where she held various management positions in Germany and abroad until 2012, including, among others, executive vice president, CFO, and managing director at Siemens Wind Power AS in Denmark.

Marion Koch*

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Marion Koch has been member of the Supervisory Board of HENSOLDT AG since 2020. Since 2017, she has been member of the works council of HENSOLDT’s Immenstaad site and the group works council. Ms. Koch currently works at HENSOLDT as project manager for airborne, space & ISR radars. From 2006 until 2017, she worked at Airbus/EADS Deutschland. Prior to that, she worked at Dräger Aerospace, ASTRIUM and Junghans Uhren. Ms. Koch studied biomedical engineering in Wilhelmshaven and mechanical engineering in Dundee, United Kingdom.

*: Employee representative

Christian Ollig

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Christian Ollig has been member of the Supervisory Board of HENSOLDT AG since 2020. Since 2017, he has been member of the supervisory board of HENSOLDT Holding GmbH. Christian Ollig is a Partner at KKR and Head of KKR in Germany. Prior to joining KKR in 2008, Mr. Ollig was a vice president at Lehman Brothers in Frankfurt and New York and part of the corporate finance practice at PwC. He graduated with a degree in business administration (Diplom-Kaufmann) with distinction from the University of Cologne.

Prof. Dr. Burkhard Schwenker

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Prof. Dr. Burkhard Schwenker has been member of the Supervisory Board of HENSOLDT AG since 2020. Since 2017, he has been member of the supervisory board of HENSOLDT Holding GmbH. After initial professional positions in the paper industry, Prof. Dr. Schwenker joined Roland Berger in 1989, was appointed to the management board in 1998 and headed the company as CEO and chairman of the Supervisory Board from 2003 to 2015. He was Chairman of the Advisory Board until August 2020 and is now a "Senior Fellow" of Roland Berger. In addition, Prof. Schwenker is Academic Co-Director of HHL's Center for Scenario-Planning and, among others, a member of the Supervisory Boards of HHLA AG, Warburg Bank and Hamburger Sparkasse AG. Prof. Dr. Schwenker studied mathematics and economics and received his doctorate (Dr. rer. pol.) in 1989.

Julia Wahl*

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Julia Wahl has been member of the Supervisory Board of HENSOLDT AG since 2020. Since 2019 she has been member of the supervisory board of HENSOLDT Holding GmbH. Since 2018, Ms. Wahl has been personal assistant to the district manager of IG Metall Baden-Württemberg. She served as personal assistant to the general works council and group works council of Porsche from 2016 until 2018. Ms. Wahl was a campaign assistant for the 2016 state elections in Baden-Württemberg, Germany. Prior to that, she started her professional career at Vodafone Stiftung in 2014. Ms. Wahl holds a BA in German and Slavonic studies from the Humboldt University in Berlin and a MSc in European economic integration from the University of Leipzig.

*: Employee representative

Claire Wellby

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Claire Wellby has been member of the Supervisory Board of HENSOLDT AG since 2020. She has been member of the supervisory board of HENSOLDT Holding GmbH since 2020 as well. Since 2017, Ms. Wellby has been a member of the private equity team of KKR. Prior to that, she worked at Sky for one year and as investment banker at Goldman Sachs for four years. Ms. Wellby holds a triple degree in international management from ESCP Business School in Paris.