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10 million-euro income for five OMV execs in 2009

31.03.2010, 23:02 11

The executives running the OMV petroleum group, the shareholderof the biggest company in Romania collected more than 10 millioneuros as salaries, bonuses and benefits, the company's reportreveals.
Half of this amount (5 million euros) came from variable bonusestied to the financial results of OMV in 2008, when the group posted2.34 billion-euro profit, an increase of 7% on the previousyear.
The fixed salary component of the five people running the OMV boardamounted to 3.2 million euros, while the pension fund contributionsreached 1.7 million euros.
Highest-paid OMV executive is Wolfgang Ruttenstorfer, the company'sCEO, whose income reached 2.6 million euros (220,000 euros/month)last year, almost half of which in form of variable bonuses.Ruttenstorfer's yearly salary alone stood at 780,000 euros (65,000euros/month), while the variable bonuses amounted to 1.2 millioneuros.

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