Finance
Siemens CEO Busch's annual compensation rises by nearly a third
Published by Global Banking & Finance Review®
Posted on December 3, 2025
2 min readLast updated: January 20, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 3, 2025
2 min readLast updated: January 20, 2026
Siemens CEO Roland Busch's pay rose 32% to €12.33M in fiscal 2024/25, driven by share-based bonuses. Siemens remains Germany's second-most valuable company.
ZURICH, Dec 3 (Reuters) - Siemens CEO Roland Busch has joined the ranks of top earners in Germany's DAX blue-chip index in the past fiscal year, after his total compensation rose 32% to 12.33 million euros ($14.38 million), according to the company's annual report published on Wednesday.
The compensation for fiscal 2024/25, which ended in September, compared with 9.36 million euros a year earlier, when Busch ranked seventh among DAX chief executives despite Siemens being Germany's second-most valuable company after SAP.
The nearly 3 million euro increase was driven by share-based bonuses granted to Busch in 2021 that became payable this year. Siemens shares have surged since then, while his annual bonus rose only slightly.
Human resources chief Judith Wiese ranked second on Siemens' executive board pay list for fiscal 2024/25 with 9.13 million euros, up from 3.17 million euros, ahead of Chief Financial Officer Ralf Thomas, who received 7.80 million euros compared with 7.24 million euros previously.
Wiese's pay jump was also linked to share-based bonuses from 2021.
She had received an additional allocation when she joined in 2020 from Dutch company DSM as compensation for entitlements she would have received had she stayed at DSM.
($1 = 0.8576 euros)
(Reporting by Alexander Hubner; Writing by John Revill; Editing by Joe Bavier)
Executive compensation refers to the financial payment and benefits provided to top executives in a company, which may include salary, bonuses, stock options, and other incentives.
Share-based bonuses are compensation awards given to employees in the form of company shares or stock options, incentivizing them to contribute to the company's success and align their interests with shareholders.
The DAX index is a stock market index consisting of the 30 major German companies traded on the Frankfurt Stock Exchange, serving as a benchmark for the German economy.
A corporate annual report is a comprehensive report on a company's activities and financial performance throughout the preceding year, intended to inform shareholders and other stakeholders.
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