DGAP-News: Wacker Chemie AG / Key word(s): AGM/EGM/Personnel 
Wacker Chemie AG: Christian Hartel Takes Over as WACKER's President & CEO 
2021-05-12 / 12:55 
The issuer is solely responsible for the content of this announcement. 
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  . PREVIOUS PRESIDENT & CEO RUDOLF STAUDIGL RETIRES, HANDING OVER THE REINS TO CHRISTIAN HARTEL 
  . ANGELA WÖRL JOINS THE EXECUTIVE BOARD 
  . 2021 ANNUAL SHAREHOLDERS' MEETING ADOPTS PROPOSALS OF EXECUTIVE AND SUPERVISORY BOARDS BY LARGE MAJORITIES 
  . DIVIDEND OF EUR2.00 FOR FISCAL 2020 
  . WACKER REAFFIRMS POSITIVE OUTLOOK FOR BOTH Q2 AND FULL YEAR 
Munich, May 12, 2021 - As of the end of today's Annual Shareholders' Meeting, Rudolf Staudigl (66), President and CEO 
of Wacker Chemie AG, retired from the company. As already announced, he was succeeded in that position by Christian 
Hartel (50). Also as of the end of the Annual Shareholders' Meeting, Angela Wörl (54) joined the Munich-based chemical 
company's Executive Board. Thus, the passing of the baton in WACKER's Executive Board went ahead as planned. 
Amid the ongoing coronavirus pandemic, this year's Annual Shareholders' Meeting of Wacker Chemie AG was the second to 
be held in an entirely virtual format: for health-protection reasons, no shareholders or shareholder representatives 
were physically present at the event. 
In his speech - published in advance on the WACKER website and broadcast live to shareholders via internet - retiring 
President and CEO Rudolf Staudigl discussed the pandemic's impact in the past fiscal year. "2020 was an exceptionally 
challenging year for all of us," said Staudigl. "WACKER initially got off to a good start in the first quarter of the 
year. In the second quarter, we had to contend with sales slumps of up to 20 percent. First signs of a recovery came in 
the third quarter and the final quarter of 2020 was a strong one, with sales rising substantially across all 
divisions." 
At EUR4.69 billion, total sales in 2020 were down 5 percent year over year. Earnings before interest, taxes, depreciation 
and amortization (EBITDA) decreased 15 percent to EUR666.3 million. This decline was mainly due to the special income of 
EUR112.5 million posted in the previous year. Adjusted for this amount, EBITDA was only 1 percent lower year over year. 
Net income for the year climbed to EUR202.3 million (2019: EUR-629.2 million). At the same time, net cash flow almost 
quadrupled and net financial debt declined substantially. 
WACKER continued on its growth trajectory in Q1 2021. Sales grew 14 percent year over year to EUR1.36 billion - WACKER's 
highest first-quarter sales figure since its IPO in 2006. EBITDA rose 42 percent to EUR246 million. Net income for the 
period came to EUR107 million, up by a substantial 55 percent year over year. "These figures give us confidence as 
regards the further course of business," Staudigl emphasized. 
WACKER had already raised its full-year forecast when it presented its Q1 figures, and it reaffirmed its positive 
outlook at the Annual Shareholders' Meeting. Despite the continued risks connected with the coronavirus pandemic, and 
even higher raw-material prices and currency-exchange effects which are estimated to have a full-year impact of over 
EUR200 million, WACKER expects full-year Group sales to exceed last year's figure (EUR4,692.2 million) by a 
low-double-digit percentage. According to current projections, EBITDA is likely to increase by 15 to 25 percent versus 
last year's figure (EUR666.3 million). 
"Thus far, WACKER has made it through the pandemic better than expected. The best defenses against the pandemic have 
proven to be our strong strategic focus on specialty chemical products that provide high added value for our customers, 
our lead in quality for polysilicon and the expansion of our biotechnology business," said Staudigl. "We want our 
shareholders to participate in this success as well." For 2020, WACKER is distributing a total of EUR99.4 million in 
dividends to its shareholders. The dividend per dividend-bearing share is EUR2.00. The Executive and Supervisory Boards' 
other proposals were also adopted by large majorities. 
At the end of the Annual Shareholders' Meeting, Staudigl retired after 38 years at WACKER, 13 of which he spent at the 
helm. In his speech, he thanked all the company's shareholders, business partners and Supervisory Board members for the 
trust they had placed in him. The retiring CEO reserved special thanks for all the company's employees: "Their skills, 
commitment and performance are the source of WACKER's success." 
Resolutions and Voting Results 
At today's Annual Shareholders' Meeting, 41,175,769 voting shares were represented - 78.95 percent of all eligible 
shares (number of shares outstanding: 49,677,983). The voting results were as follows for agenda items 2 through 7: 
Item 2: Resolution on the Appropriation of Net Retained Profit 
The Executive and Supervisory Boards' proposed that the retained profit for 2020 of EUR1.20 billion be appropriated as 
follows: EUR99.4 million to be distributed to shareholders and EUR1.10 billion to be carried forward to new account. The 
proposal was adopted with the following result: 
- 41,150,140 Yes votes (99.94 percent) 
- 23,082 No votes 
Item 3: Resolution on the Ratification of the Actions of the Executive Board 
The Executive and Supervisory Boards' proposal to ratify the actions of the members of Wacker Chemie AG's Executive 
Board during 2020 was adopted with the following result: 
- 41,046,525 Yes votes (99.93 percent) 
- 27,241 No votes 
Item 4: Resolution on the Ratification of the Actions of the Supervisory Board 
The Executive and Supervisory Boards' proposal to ratify the actions of the members of Wacker Chemie AG's Supervisory 
Board during 2020 was adopted with the following result: 
- 38,702,948 Yes votes (95.78 percent) 
- 1,705,771 No votes 
Item 5a: Appointment of Auditor 
The Supervisory Board's proposal to appoint KPMG AG as the auditor of both the Annual Financial Statements and the 
Consolidated Financial Statements for fiscal 2021, as well as for any reviews of interim financial reports for fiscal 
2021, was adopted with the following result: 
- 39,836,180 Yes votes (96.76 percent) 
- 1,336,030 No votes 
Item 5b: Appointment of Auditor 
The Supervisory Board's proposal to elect KPMG AG as auditor for a potential audit of Interim Financial Reports for 
fiscal 2022 during the period until the next Annual Shareholders' Meeting in 2022 was adopted with the following 
result: 
- 39,835,655 Yes votes (96.75 percent) 
- 1,336,605 No votes 
Item 6: Resolution on the Approval of the Compensation System for Executive Board Members 
The Supervisory Board's proposal to make changes, effective January 1, 2021, to the compensation system for Executive 
Board members, taking account of the terms of Section 87a (1) AktG and on the recommendation of the Executive 
Committee, was adopted with the following result: 
- 39,905,547 Yes votes (96.92 percent) 
- 1,266,332 No votes 
Item 7: Resolution on Compensation of Supervisory Board Members (Simultaneously Approval of the Compensation System for 
Supervisory Board Members) 
The Supervisory and Executive Boards' proposal to confirm the compensation - and consequently the underlying 
compensation system - for members of the Supervisory Board, as provided for in Article 12 of Wacker Chemie AG's 
Articles of Association, was adopted with the following result: 
- 40,102,163 Yes votes (97.40 percent) 
- 1,069,310 No votes 
 
Note to editors: 
All documents relating to Wacker Chemie AG's 2021 Annual Shareholders' Meeting can be downloaded from WACKER's website 
(www.wacker.com) under Investor Relations. 
 
This press release contains statements about the resolutions of the 2021 Annual Shareholders' Meeting. Said statements 
are not binding and serve the sole purpose of providing an overview. They may not always correspond to the exact 
wording and full extent of the resolutions adopted at the Annual Shareholders' Meeting. 
This press release contains forward-looking statements based on assumptions and estimates of WACKER's Executive Board. 
Although we assume the expectations in these forward-looking statements are realistic, we cannot guarantee they will 
prove to be correct. The assumptions may harbor risks and uncertainties that may cause the actual figures to differ 
considerably from the forward-looking statements. Factors that may cause such discrepancies include, among other 
things, changes in the economic and business environment, variations in exchange and interest rates, the introduction 
of competing products, lack of acceptance for new products or services, and changes in corporate strategy. WACKER does 
not plan to update its forward-looking statements, nor does it assume the obligation to do so. 
 
For further information, please contact: 
Wacker Chemie AG 
Media Relations & Information 
Christof Bachmair 
Tel. +49 89 6279-1830 
christof.bachmair@wacker.com 
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2021-05-12 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
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Language:     English 
Company:      Wacker Chemie AG 
              Hanns-Seidel-Platz 4 
              81737 München 
              Germany 
Phone:        0049-89-6279-1633 
Fax:          0049-89-6279-2933 
E-mail:       investor.relations@wacker.com 
Internet:     www.wacker.com 
ISIN:         DE000WCH8881 
WKN:          WCH888 
Indices:      MDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

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May 12, 2021 06:56 ET (10:56 GMT)