VERBUND AG (0NR1.IL)

73.28 +2.25 (+3.17%) At close: 05:37PM BST

VERBUND AG

Am Hof 6a
Vienna 1010
Austria
43 50 313 0
https://www.verbund.com

Sector(s): Utilities
Industry: Utilities - Renewable
Full-time employees: 3,696

Key executives

Name	Title	Pay	Exercised	Year born
Dr. Michael Strugl M.B.A.	CEO & Chairman of Exec. Board	1.58M	N/A	1963
Dr. Peter F. Kollmann	CFO & Member of the Exec. Board	1.33M	N/A	1962
Dr. Achim Kaspar	Member of Exec. Board	1.02M	N/A	1965
Mr. Andreas Wollein	Head of Group Fin. & Investor Relations	N/A	N/A	N/A
Ms. Corinna Tinkler	Head of Group Communications	N/A	N/A	N/A

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in EUR.

Description

VERBUND AG, together with its subsidiaries, generates, trades, and sells electricity to energy exchanges, traders, electric utilities and industrial companies, and households and commercial customers. It operates through Hydro, New Renewables, Sales, Grid, and All Other segments. The company operates hydropower plants with a capacity of 8,417 megawatts (MW); wind farms with a capacity of 468 MW; solar power with a capacity of 443 MW; and 1 thermal power plant. It also operates electricity transmission network in Austria, as well as trades and sells gas. The company engages in transmission and gas distribution network activities. VERBUND AG was founded in 1947 and is headquartered in Vienna, Austria.

Corporate governance

VERBUND AG’s ISS governance QualityScore as of 1 October 2023 is 3. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 9; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.