Executive Board

The Executive Board of Progress-Werk Oberkirch AG takes sole responsibility for the Company’s operational Management and strategic development. The principles of cooperation are summarized in the Board’s Rules of Procedure, and the assignment of duties within the Board is documented in the Schedule of Responsibilities.

Carlo Lazzarini

Chief Executive Officer (CEO) 

Term of the current Management Board contract: 31/08/2023

Dr. Cornelia Ballwießer

Chief Financial Officer (CFO)

Term of the current Management Board contract: 31/10/2023

Johannes Obrecht

Chief Operating Officer (COO)

Term of the current Management Board contract: 30/06/2024

Remuneration of the Executive Board

Taking into account the Act Implementing the Second Shareholders' Rights Directive from 12 December 2019 and the recommendations of German Corporate Governance Code from 16 December 2019, the Supervisory Board has resolved, in line with the recommendations of the personnel committee, the and submitted the remuneration system to the Annual General Meeting on 19 May 2021 for approval (item 5 of the agenda). The AGM on 19 May 2021 has approved the remuneration system for the members of the Executive Board with a majority of 85.97 %.

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