Quotas for the number of women
The law on the equal entitlement of women and men to hold management positions in the private sector and in public service, which was passed by the German Bundestag on 6 March 2015, regulates the stipulation of targets for quotas for the number of women on governing bodies and at senior levels of management.
Rheinmetall Automotive regards the employment of women, particularly in management positions, as a natural and important component of its diversity and an opportunity for further development. The employment of women in management and in other leadership roles will in future be promoted more strongly and any existing restrictions will be removed. This will lead to a lasting change in the corporate culture. This process will have to take into account better ways of balancing work and family life. Nevertheless, vacant positions will continue to be filled with the most suitable candidate in terms of professional qualifications and personal qualities, irrespective of their gender. In addition, continuity in terms of the individuals occupying key positions in senior management must be ensured in the company's interests. It is therefore not possible to change the people holding these positions on the basis of gender alone.
For Rheinmetall Automotive AG as well as for the subsidiaries that are subject to codetermination, the following quotas for the number of women in supervisory boards, management bodies and the two levels of management below the management body have been stipulated on the basis of the status quo on 1 July 2017 until 30 June 2022:
Objective percentage of women in management levels till 30 June 2022
1st management level
|2nd management level|
|Rheinmetall Automotive AG||0%||14.3%||0%|
|KS Kolbenschmidt GmbH||0%||8.3%||14.3%|
|KS Gleitlager GmbH||0%||0%||0%|
|KS HUAYU AluTech|
For the aforementioned companies, the quotas for the number of women in the Executive Board / Management Board and the two subsequent management levels set by 30 June 2017 were at least reached, with the exception of the 1st and 2nd management level at KS Kolbenschmidt GmbH and the second management level at Pierburg Pump Technology GmbH. The above-mentioned underruns of the set quotas result from changed organizational structures and adjustments to the management levels.
Objective percentage of women in Supervisory Boards till 30 June 2022
|Rheinmetall Automotive AG||8.33%|
|KS Kolbenschmidt GmbH||16.67%|
|KS Gleitlager GmbH||16.67%|
|KS HUAYU AluTech GmbH||11.11%|
|Pierburg Pump Technology GmbH||30%|
For the aforementioned companies, the quotas for the number of women in the Supervisory Board by 30 June 2017 were at least reached, with the exception of the Supervisory Board of KS HUAYU AluTech GmbH. The co-shareholder of this joint venture has replaced a female member of the Supervisory Board by a male member of the Supervisory Board as part of his right of appointment and assignment.