Management Bodies

 

Thomas Richterich (CEO) holds 206,143 shares via a dormant sub-participation (with no voting or selling rights) in the financial investors and is thus exposed to the stock. Carsten Pedersen (COO Sales and Marketing) holds 30,463 shares directly and 2,562,551 million shares indirectly via his 50 percent stake in CJ Holding ApS*.

In addition, Thomas Richterich is entitled to a share of the proceeds from any sale of the shares held in the Company by CMP Capital Management Partners and Goldman Sachs (excess profit participation). The CEO received corresponding prorated income in connection with the sale of a package of shares by the financial investors.

Nordex AG has established a stock option program. On September 30, 2008, the Management Board accepted a total of 524,080 stock options. The general period for acceptance by all Nordex Group employees expired on October 31, 2008. The related expense was recognized for the first time as of October 1, 2008.