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💼 '''The DAX''' tracks Germany’s largest and most liquid listed companies and is often reported as a dividend-inclusive performance index. Its constituents anchor key sectors that drive exports, innovation, and employment. CEOs set strategy, run the operating model, and allocate capital, shaping unit economics and risk for investors, employees, customers, and regulators. Reading their career paths highlights how mandates are earned, incentives are managed, and governance constraints shape decisions through cycles.
The CEOs of the DAX companies oversee the industrial and technological vanguard of Europe’s largest economy. As the benchmark stock market index of Germany, the DAX (Deutscher Aktienindex) tracks the performance of the 40 major blue-chip companies trading on the Frankfurt Stock Exchange. These leaders navigate a complex landscape defined by Germany’s historic engineering prowess, a rigorous regulatory environment, and the transition toward a digitized, sustainable global economy. From the stalwarts of the automotive and chemical sectors to emerging giants in software and medical technology, this cohort’s decisions reverberate through international supply chains and financial markets.


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== The list ==
== Communication services ==
{{Vertical thumbnail
|image = timotheus-höttges.jpg
|link = Timotheus Höttges
|text = [[Timotheus Höttges]]<ref>{{cite web |url=https://www.telekom.com/en/company/management-and-corporate-governance/board-of-management |title=Board of Management |website=telekom.com |access-date=2025-12-21}}</ref> <br> '''Deutsche Telekom''' <br> Telecom
|align = center
}}


== Consumer discretionary ==
{| class="wikitable" style="font-size: 0.85em;"
{{Vertical thumbnail
! No. !! Portrait !! Name !! Company
|image = bjørn-gulden.jpg
|-
|link = Bjørn Gulden
| 1 || [[File:bjørn-gulden.jpg|100px]] || [[Bjørn Gulden]] <ref>{{cite web |url=https://www.adidas-group.com/en/about/executive-board |title=Executive Board |website=adidas-group.com |access-date=2025-12-21}}</ref> || Adidas
|text = [[Bjørn Gulden]]<ref>{{cite web |url=https://www.adidas-group.com/en/about/executive-board |title=Executive Board |website=adidas-group.com |access-date=2025-12-21}}</ref> <br> '''Adidas''' <br> Sportswear
|-
|align = center
| 2 || [[File:guillaume-faury.jpg|100px]] || [[Guillaume Faury]] <ref>{{cite web |url=https://www.airbus.com/en/about-us/our-governance/executive-and-operational-committees |title=Executive and Operational Committees |website=airbus.com |access-date=2025-12-21}}</ref> || Airbus
}}
|-
{{Vertical thumbnail
| 3 || [[File:oliver-bäte.jpg|100px]] || [[Oliver Bäte]] <ref>{{cite web |url=https://www.allianz.com/en/about-us/corporate-management/board-of-management.html |title=Board of Management |website=allianz.com |access-date=2025-12-21}}</ref> || Allianz
|image = oliver-zipse.jpg
|-
|link = Oliver Zipse
| 4 || [[File:markus-kamieth.jpg|100px]] || [[Markus Kamieth]] <ref>{{cite web |url=https://www.basf.com/global/en/investors/basf-at-a-glance/corporate-governance/board-of-executive-directors |title=Board of Executive Directors |website=basf.com |access-date=2025-12-21}}</ref> || BASF
|text = [[Oliver Zipse]]<ref>{{cite web |title=Leadership and Governance |url=https://www.bmwgroup.com/en/company/leadership-and-governance.html |website=bmwgroup.com |access-date=2025-12-21}}</ref> <br> '''BMW''' <br> Automotive
|-
|align = center
| 5 || [[File:bill-anderson.jpg|100px]] || [[Bill Anderson]] <ref>{{cite web |url=https://www.bayer.com/en/board-of-management/bill-anderson |title=Board of Management: Bill Anderson |website=bayer.com |access-date=2025-12-21}}</ref> || Bayer
}}
|-
{{Vertical thumbnail
| 6 || [[File:vincent-warnery.jpg|100px]] || [[Vincent Warnery]] <ref>{{cite web |url=https://www.beiersdorf.com/about-us/our-profile/our-leadership-team |title=Our Leadership Team |website=beiersdorf.com |access-date=2025-12-21}}</ref> || Beiersdorf
|image = nikolai-setzer.jpg
|-
|link = Nikolai Setzer
| 7 || [[File:oliver-zipse.jpg|100px]] || [[Oliver Zipse]] <ref>{{cite web |url=https://www.bmwgroup.com/en/company/leadership-and-governance.html |title=Leadership and Governance |website=bmwgroup.com |access-date=2025-12-21}}</ref> || BMW
|text = [[Nikolai Setzer]]<ref>{{cite web |url=https://www.continental.com/en/company/corporate-governance/executive-board/ |title=Executive Board |website=continental.com |access-date=2025-12-21}}</ref> <br> '''Continental''' <br> Automotive
|-
|align = center
| 8 || [[File:jens-birgersson.jpg|100px]] || [[Jens Birgersson]] <ref>{{cite web |url=https://corporate.brenntag.com/en/about/corporate-governance/board-of-management/ |title=Board of Management |website=brenntag.com |access-date=2025-12-21}}</ref> || Brenntag
}}
|-
{{Vertical thumbnail
| 9 || [[File:bettina-orlopp.jpg|100px]] || [[Bettina Orlopp]] <ref>{{cite web |url=https://www.commerzbank.de/group/who-we-are/management/ |title=Board of Managing Directors |website=commerzbank.de |access-date=2025-12-21}}</ref> || Commerzbank
|image = karin-rådström.jpg
|-
|link = Karin Rådström
| 10 || [[File:nikolai-setzer.jpg|100px]] || [[Nikolai Setzer]] <ref>{{cite web |url=https://www.continental.com/en/company/corporate-governance/executive-board/ |title=Executive Board |website=continental.com |access-date=2025-12-21}}</ref> || Continental
|text = [[Karin Rådström]]<ref>{{cite web |url=https://www.daimlertruck.com/en/company/corporate-governance/board-of-management |title=Board of Management |website=daimlertruck.com |access-date=2025-12-21}}</ref> <br> '''Daimler Truck''' <br> Automotive
|-
|align = center
| 11 || [[File:karin-rådström.jpg|100px]] || [[Karin Rådström]] <ref>{{cite web |url=https://www.daimlertruck.com/en/company/corporate-governance/board-of-management |title=Board of Management |website=daimlertruck.com |access-date=2025-12-21}}</ref> || Daimler Truck
}}
|-
{{Vertical thumbnail
| 12 || [[File:christian-sewing.jpg|100px]] || [[Christian Sewing]] <ref>{{cite web |url=https://www.db.com/who-we-are/boards-and-committees/management-board |title=Management Board |website=db.com |access-date=2025-12-21}}</ref> || Deutsche Bank
|image = ola-källenius.jpg
|-
|link = Ola Källenius
| 13 || [[File:stephan-leithner.jpg|100px]] || [[Stephan Leithner]] <ref>{{cite web |url=https://www.deutsche-boerse.com/dbg-en/investor-relations/corporate-governance/executive-board-overview |title=Executive Board Overview |website=deutsche-boerse.com |access-date=2025-12-21}}</ref> || Deutsche Börse
|text = [[Ola Källenius]]<ref>{{cite web |url=https://group.mercedes-benz.com/company/corporate-governance/board-of-management/ |title=Board of Management |website=mercedes-benz.com |access-date=2025-12-21}}</ref> <br> '''Mercedes-Benz Group''' <br> Automotive
|-
|align = center
| 14 || [[File:tobias-meyer.jpg|100px]] || [[Tobias Meyer]] <ref>{{cite web |url=https://group.dhl.com/en/about-us/corporate-governance/board-of-management.html |title=Board of Management |website=dhl.com |access-date=2025-12-21}}</ref> || DHL Group
}}
|-
{{Vertical thumbnail
| 15 || [[File:timotheus-höttges.jpg|100px]] || [[Timotheus Höttges]] <ref>{{cite web |url=https://www.telekom.com/en/company/management-and-corporate-governance/board-of-management |title=Board of Management |website=telekom.com |access-date=2025-12-21}}</ref> || Deutsche Telekom
|image = michael-leiters.jpg
|-
|link = Michael Leiters
| 16 || [[File:leonhard-birnbaum.jpg|100px]] || [[Leonhard Birnbaum]] <ref>{{cite web |url=https://www.eon.com/en/about-us/management.html |title=Management |website=eon.com |access-date=2025-12-21}}</ref> || E.ON
|text = [[Michael Leiters]]<ref>{{cite web |title=Dr. Michael Leiters will become CEO of Porsche AG on January 1, 2026 |url=https://newsroom.porsche.com/en/2025/company/porsche-dr-michael-leiters-becomes-ceo-on-1-january-2026-40864.html |website=Porsche Newsroom |access-date=2025-12-21}}</ref> <br> '''Porsche''' <br> Luxury automotive
|-
|align = center
| 17 || [[File:helen-giza.jpg|100px]] || [[Helen Giza]] <ref>{{cite web |url=https://freseniusmedicalcare.com/en/about-us/management-board/ |title=Management Board |website=freseniusmedicalcare.com |access-date=2025-12-21}}</ref> || Fresenius Medical Care
}}
|-
{{Vertical thumbnail
| 18 || [[File:michael-sen.jpg|100px]] || [[Michael Sen]] <ref>{{cite web |url=https://www.fresenius.com/management-board |title=Management Board |website=fresenius.com |access-date=2025-12-21}}</ref> || Fresenius
|image = oliver-blume.jpg
|-
|link = Oliver Blume
| 19 || [[File:stefan-klebert.jpg|100px]] || [[Stefan Klebert]] <ref>{{cite web |url=https://www.gea.com/en/company/about-us/our-organization/executive-board/ |title=Executive Board |website=gea.com |access-date=2025-12-21}}</ref> || GEA Group
|text = [[Oliver Blume]]<ref>{{cite web |url=https://www.volkswagen-group.com/en/executive-bodies-15790 |title=Executive Bodies |website=volkswagen-group.com |access-date=2025-12-21}}</ref> <br> '''Volkswagen Group''' <br> Automotive
|-
|align = center
| 20 || [[File:clemens-jungsthöfel.jpg|100px]] || [[Clemens Jungsthöfel]] <ref>{{cite web |url=https://www.hannover-re.com/en/group/executive-board/ |title=Executive Board |website=hannover-re.com |access-date=2025-12-21}}</ref> || Hannover Re
}}
|-
{{Vertical thumbnail
| 21 || [[File:dominik-von-achten.jpg|100px]] || [[Dominik von Achten]] <ref>{{cite web |url=https://www.heidelbergmaterials.com/en/managing-board |title=Managing Board |website=heidelbergmaterials.com |access-date=2025-12-21}}</ref> || Heidelberg Materials
|image = robert-gentz.jpg
|-
|link = Robert Gentz
| 22 || [[File:carsten-knobel.jpg|100px]] || [[Carsten Knobel]] <ref>{{cite web |url=https://www.henkel.com/company/management-corporate-boards/management-board |title=Management Board |website=henkel.com |access-date=2025-12-21}}</ref> || Henkel
|text = [[Robert Gentz]]<ref>{{cite web |url=https://corporate.zalando.com/en/investor-relations/our-management-board |title=Our Management Board |website=zalando.com |access-date=2025-12-21}}</ref> <br> '''Zalando''' <br> E-commerce
|-
|align = center
| 23 || [[File:jochen-hanebeck.jpg|100px]] || [[Jochen Hanebeck]] <ref>{{cite web |url=https://www.infineon.com/cms/en/about-infineon/company/management-board/ |title=Management Board |website=infineon.com |access-date=2025-12-21}}</ref> || Infineon Technologies
}}
|-

| 24 || [[File:ola-källenius.jpg|100px]] || [[Ola Källenius]] <ref>{{cite web |url=https://group.mercedes-benz.com/company/corporate-governance/board-of-management/ |title=Board of Management |website=mercedes-benz.com |access-date=2025-12-21}}</ref> || Mercedes-Benz Group
== Consumer staples ==
|-
{{Vertical thumbnail
| 25 || [[File:belén-garijo.jpg|100px]] || [[Belén Garijo]] <ref>{{cite web |url=https://www.merckgroup.com/en/company/management/executive-board.html |title=Executive Board |website=merckgroup.com |access-date=2025-12-21}}</ref> || Merck
|image = vincent-warnery.jpg
|-
|link = Vincent Warnery
| 26 || [[File:johannes-bussmann.jpg|100px]] || [[Johannes Bussmann]] <ref>{{cite web |url=https://www.mtu.de/about-us/corporate-governance/executive-board/ |title=Executive Board |website=mtu.de |access-date=2025-12-21}}</ref> || MTU Aero Engines
|text = [[Vincent Warnery]]<ref>{{cite web |url=https://www.beiersdorf.com/about-us/our-profile/our-leadership-team |title=Our Leadership Team |website=beiersdorf.com |access-date=2025-12-21}}</ref> <br> '''Beiersdorf''' <br> Personal care
|-
|align = center
| 27 || [[File:joachim-wenning.jpg|100px]] || [[Joachim Wenning]] <ref>{{cite web |url=https://www.munichre.com/en/company/about-us/management.html |title=Management |website=munichre.com |access-date=2025-12-21}}</ref> || Munich Re
}}
|-
{{Vertical thumbnail
| 28 || [[File:michael-leiters.jpg|100px]] || [[Michael Leiters]] <ref>{{cite web |title=Dr. Michael Leiters will become CEO of Porsche AG on January 1, 2026 |url=https://newsroom.porsche.com/en/2025/company/porsche-dr-michael-leiters-becomes-ceo-on-1-january-2026-40864.html |website=Porsche Newsroom |access-date=2025-12-21}}</ref> || Porsche
|image = carsten-knobel.jpg
|-
|link = Carsten Knobel
| 29 || [[File:thierry-bernard.jpg|100px]] || [[Thierry Bernard]] <ref>{{cite web |url=https://www.qiagen.com/us/leadership/executive-committee |title=Executive Committee |website=qiagen.com |access-date=2025-12-21}}</ref> || Qiagen
|text = [[Carsten Knobel]]<ref>{{cite web |url=https://www.henkel.com/company/management-corporate-boards/management-board |title=Management Board |website=henkel.com |access-date=2025-12-21}}</ref> <br> '''Henkel''' <br> Consumer goods
|-
|align = center
| 30 || [[File:armin-papperger.jpg|100px]] || [[Armin Papperger]] <ref>{{cite web |url=https://www.rheinmetall.com/en/company/management/executive-board/executive-board-overview |title=Executive Board Overview |website=rheinmetall.com |access-date=2025-12-21}}</ref> || Rheinmetall
}}
|-

| 31 || [[File:markus-krebber.jpg|100px]] || [[Markus Krebber]] <ref>{{cite web |url=https://www.rwe.com/en/investor-relations/corporate-governance/management-board-and-supervisory-board/ |title=Management Board and Supervisory Board |website=rwe.com |access-date=2025-12-21}}</ref> || RWE
== Financials ==
|-
{{Vertical thumbnail
| 32 || [[File:christian-klein.jpg|100px]] || [[Christian Klein]] <ref>{{cite web |url=https://www.sap.com/about/company/leadership.html |title=SAP SE Executive Board |website=sap.com |access-date=2025-12-21}}</ref> || SAP
|image = oliver-bäte.jpg
|-
|link = Oliver Bäte
| 33 || [[File:ralf-weitz.jpg|100px]] || [[Ralf Weitz]] <ref>{{cite web |url=https://www.scout24.com/en/company/management-board-and-leadership-team |title=Management Board and Leadership Team |website=scout24.com |access-date=2025-12-21}}</ref> || Scout24
|text = [[Oliver Bäte]]<ref>{{cite web |title=Board of Management |url=https://www.allianz.com/en/about-us/corporate-management/board-of-management.html |website=allianz.com |access-date=2025-12-21}}</ref> <br> '''Allianz''' <br> Insurance
|-
|align = center
| 34 || [[File:roland-busch.jpg|100px]] || [[Roland Busch]] <ref>{{cite web |url=https://www.siemens.com/global/en/company/about/leadership/management.html |title=Management Board |website=siemens.com |access-date=2025-12-21}}</ref> || Siemens
}}
|-
{{Vertical thumbnail
| 35 || [[File:christian-bruch.jpg|100px]] || [[Christian Bruch]] <ref>{{cite web |url=https://www.siemens-energy.com/global/en/home/company/executive-board.html |title=Executive Board |website=siemens-energy.com |access-date=2025-12-21}}</ref> || Siemens Energy
|image = bettina-orlopp.jpg
|-
|link = Bettina Orlopp
| 36 || [[File:bernd-montag.jpg|100px]] || [[Bernd Montag]] <ref>{{cite web |url=https://www.siemens-healthineers.com/company/management |title=Management Board |website=siemens-healthineers.com |access-date=2025-12-21}}</ref> || Siemens Healthineers
|text = [[Bettina Orlopp]]<ref>{{cite web |url=https://www.commerzbank.de/group/who-we-are/management/ |title=Board of Managing Directors |website=commerzbank.de |access-date=2025-12-21}}</ref> <br> '''Commerzbank''' <br> Banking
|-
|align = center
| 37 || [[File:jean-yves-parisot.jpg|100px]] || [[Jean-Yves Parisot]] <ref>{{cite web |url=https://www.symrise.com/our-company/management-and-supervisory-board/ |title=Management and Supervisory Board |website=symrise.com |access-date=2025-12-21}}</ref> || Symrise
}}
|-
{{Vertical thumbnail
| 38 || [[File:oliver-blume.jpg|100px]] || [[Oliver Blume]] <ref>{{cite web |url=https://www.volkswagen-group.com/en/executive-bodies-15790 |title=Executive Bodies |website=volkswagen-group.com |access-date=2025-12-21}}</ref> || Volkswagen Group
|image = christian-sewing.jpg
|-
|link = Christian Sewing
| 39 || [[File:rolf-buch.jpg|100px]] || [[Rolf Buch]] <ref>{{cite web |url=https://investoren.vonovia.de/en/corporate-governance/management-board/ |title=Management Board |website=vonovia.de |access-date=2025-12-21}}</ref> || Vonovia
|text = [[Christian Sewing]]<ref>{{cite web |url=https://www.db.com/who-we-are/boards-and-committees/management-board |title=Management Board |website=db.com |access-date=2025-12-21}}</ref> <br> '''Deutsche Bank''' <br> Banking
|-
|align = center
| 40 || [[File:robert-gentz.jpg|100px]] || [[Robert Gentz]] <ref>{{cite web |url=https://corporate.zalando.com/en/investor-relations/our-management-board |title=Our Management Board |website=zalando.com |access-date=2025-12-21}}</ref> || Zalando
|}
}}
{{Vertical thumbnail
|image = stephan-leithner.jpg
|link = Stephan Leithner
|text = [[Stephan Leithner]]<ref>{{cite web |url=https://www.deutsche-boerse.com/dbg-en/investor-relations/corporate-governance/executive-board-overview |title=Executive Board Overview |website=deutsche-boerse.com |access-date=2025-12-21}}</ref> <br> '''Deutsche Börse''' <br> Financial infrastructure
|align = center
}}
{{Vertical thumbnail
|image = clemens-jungsthöfel.jpg
|link = Clemens Jungsthöfel
|text = [[Clemens Jungsthöfel]]<ref>{{cite web |url=https://www.hannover-re.com/en/group/executive-board/ |title=Executive Board |website=hannover-re.com |access-date=2025-12-21}}</ref> <br> '''Hannover Re''' <br> Reinsurance
|align = center
}}
{{Vertical thumbnail
|image = joachim-wenning.jpg
|link = Joachim Wenning
|text = [[Joachim Wenning]]<ref>{{cite web |url=https://www.munichre.com/en/company/about-us/management.html |title=Management |website=munichre.com |access-date=2025-12-21}}</ref> <br> '''Munich Re''' <br> Reinsurance
|align = center
}}

== Health care ==
{{Vertical thumbnail
|image = bill-anderson.jpg
|link = Bill Anderson
|text = [[Bill Anderson]]<ref>{{cite web |title=Board of Management: Bill Anderson |url=https://www.bayer.com/en/board-of-management/bill-anderson |website=bayer.com |access-date=2025-12-21}}</ref> <br> '''Bayer''' <br> Life sciences
|align = center
}}
{{Vertical thumbnail
|image = helen-giza.jpg
|link = Helen Giza
|text = [[Helen Giza]]<ref>{{cite web |url=https://freseniusmedicalcare.com/en/about-us/management-board/ |title=Management Board |website=freseniusmedicalcare.com |access-date=2025-12-21}}</ref> <br> '''Fresenius Medical Care''' <br> Healthcare
|align = center
}}
{{Vertical thumbnail
|image = michael-sen.jpg
|link = Michael Sen
|text = [[Michael Sen]]<ref>{{cite web |url=https://www.fresenius.com/management-board |title=Management Board |website=fresenius.com |access-date=2025-12-21}}</ref> <br> '''Fresenius''' <br> Healthcare
|align = center
}}
{{Vertical thumbnail
|image = belén-garijo.jpg
|link = Belén Garijo
|text = [[Belén Garijo]]<ref>{{cite web |url=https://www.merckgroup.com/en/company/management/executive-board.html |title=Executive Board |website=merckgroup.com |access-date=2025-12-21}}</ref> <br> '''Merck''' <br> Life sciences
|align = center
}}
{{Vertical thumbnail
|image = thierry-bernard.jpg
|link = Thierry Bernard
|text = [[Thierry Bernard]]<ref>{{cite web |url=https://www.qiagen.com/us/leadership/executive-committee |title=Executive Committee |website=qiagen.com |access-date=2025-12-21}}</ref> <br> '''Qiagen''' <br> Life sciences
|align = center
}}
{{Vertical thumbnail
|image = bernd-montag.jpg
|link = Bernd Montag
|text = [[Bernd Montag]]<ref>{{cite web |url=https://www.siemens-healthineers.com/company/management |title=Management Board |website=siemens-healthineers.com |access-date=2025-12-21}}</ref> <br> '''Siemens Healthineers''' <br> Healthcare technology
|align = center
}}

== Industrials ==
{{Vertical thumbnail
|image = guillaume-faury.jpg
|link = Guillaume Faury
|text = [[Guillaume Faury]]<ref>{{cite web |title=Executive and Operational Committees |url=https://www.airbus.com/en/about-us/our-governance/executive-and-operational-committees |website=airbus.com |access-date=2025-12-21}}</ref> <br> '''Airbus''' <br> Aerospace defense
|align = center
}}
{{Vertical thumbnail
|image = tobias-meyer.jpg
|link = Tobias Meyer
|text = [[Tobias Meyer]]<ref>{{cite web |url=https://group.dhl.com/en/about-us/corporate-governance/board-of-management.html |title=Board of Management |website=dhl.com |access-date=2025-12-21}}</ref> <br> '''DHL Group''' <br> Logistics
|align = center
}}
{{Vertical thumbnail
|image = stefan-klebert.jpg
|link = Stefan Klebert
|text = [[Stefan Klebert]]<ref>{{cite web |url=https://www.gea.com/en/company/about-us/our-organization/executive-board/ |title=Executive Board |website=gea.com |access-date=2025-12-21}}</ref> <br> '''GEA Group''' <br> Industrial engineering
|align = center
}}
{{Vertical thumbnail
|image = johannes-bussmann.jpg
|link = Johannes Bussmann
|text = [[Johannes Bussmann]]<ref>{{cite web |url=https://www.mtu.de/about-us/corporate-governance/executive-board/ |title=Executive Board |website=mtu.de |access-date=2025-12-21}}</ref> <br> '''MTU Aero Engines''' <br> Aerospace
|align = center
}}
{{Vertical thumbnail
|image = armin-papperger.jpg
|link = Armin Papperger
|text = [[Armin Papperger]]<ref>{{cite web |url=https://www.rheinmetall.com/en/company/management/executive-board/executive-board-overview |title=Executive Board Overview |website=rheinmetall.com |access-date=2025-12-21}}</ref> <br> '''Rheinmetall''' <br> Defense
|align = center
}}
{{Vertical thumbnail
|image = roland-busch.jpg
|link = Roland Busch
|text = [[Roland Busch]]<ref>{{cite web |url=https://www.siemens.com/global/en/company/about/leadership/management.html |title=Management Board |website=siemens.com |access-date=2025-12-21}}</ref> <br> '''Siemens''' <br> Industrial technology
|align = center
}}

== Information technology ==
{{Vertical thumbnail
|image = jochen-hanebeck.jpg
|link = Jochen Hanebeck
|text = [[Jochen Hanebeck]]<ref>{{cite web |url=https://www.infineon.com/cms/en/about-infineon/company/management-board/ |title=Management Board |website=infineon.com |access-date=2025-12-21}}</ref> <br> '''Infineon Technologies''' <br> Semiconductors
|align = center
}}
{{Vertical thumbnail
|image = christian-klein.jpg
|link = Christian Klein
|text = [[Christian Klein]]<ref>{{cite web |url=https://www.sap.com/about/company/leadership.html |title=SAP SE Executive Board |website=sap.com |access-date=2025-12-21}}</ref> <br> '''SAP''' <br> Enterprise software
|align = center
}}

== Materials ==
{{Vertical thumbnail
|image = markus-kamieth.jpg
|link = Markus Kamieth
|text = [[Markus Kamieth]]<ref>{{cite web |title=Board of Executive Directors |url=https://www.basf.com/global/en/investors/basf-at-a-glance/corporate-governance/board-of-executive-directors |website=basf.com |access-date=2025-12-21}}</ref> <br> '''BASF''' <br> Chemicals
|align = center
}}
{{Vertical thumbnail
|image = jens-birgersson.jpg
|link = Jens Birgersson
|text = [[Jens Birgersson]]<ref>{{cite web |url=https://corporate.brenntag.com/en/about/corporate-governance/board-of-management/ |title=Board of Management |website=brenntag.com |access-date=2025-12-21}}</ref> <br> '''Brenntag''' <br> Chemicals distribution
|align = center
}}
{{Vertical thumbnail
|image = dominik-von-achten.jpg
|link = Dominik von Achten
|text = [[Dominik von Achten]]<ref>{{cite web |url=https://www.heidelbergmaterials.com/en/managing-board |title=Managing Board |website=heidelbergmaterials.com |access-date=2025-12-21}}</ref> <br> '''Heidelberg Materials''' <br> Building materials
|align = center
}}
{{Vertical thumbnail
|image = jean-yves-parisot.jpg
|link = Jean-Yves Parisot
|text = [[Jean-Yves Parisot]]<ref>{{cite web |url=https://www.symrise.com/our-company/management-and-supervisory-board/ |title=Management and Supervisory Board |website=symrise.com |access-date=2025-12-21}}</ref> <br> '''Symrise''' <br> Specialty chemicals
|align = center
}}

== Real estate ==
{{Vertical thumbnail
|image = rolf-buch.jpg
|link = Rolf Buch
|text = [[Rolf Buch]]<ref>{{cite web |url=https://investoren.vonovia.de/en/corporate-governance/management-board/ |title=Management Board |website=vonovia.de |access-date=2025-12-21}}</ref> <br> '''Vonovia''' <br> Real estate
|align = center
}}

== Utilities ==
{{Vertical thumbnail
|image = leonhard-birnbaum.jpg
|link = Leonhard Birnbaum
|text = [[Leonhard Birnbaum]]<ref>{{cite web |url=https://www.eon.com/en/about-us/management.html |title=Management |website=eon.com |access-date=2025-12-21}}</ref> <br> '''E.ON''' <br> Utilities
|align = center
}}
{{Vertical thumbnail
|image = markus-krebber.jpg
|link = Markus Krebber
|text = [[Markus Krebber]]<ref>{{cite web |url=https://www.rwe.com/en/investor-relations/corporate-governance/management-board-and-supervisory-board/ |title=Management Board and Supervisory Board |website=rwe.com |access-date=2025-12-21}}</ref> <br> '''RWE''' <br> Utilities
|align = center
}}
{{Vertical thumbnail
|image = christian-bruch.jpg
|link = Christian Bruch
|text = [[Christian Bruch]]<ref>{{cite web |url=https://www.siemens-energy.com/global/en/home/company/executive-board.html |title=Executive Board |website=siemens-energy.com |access-date=2025-12-21}}</ref> <br> '''Siemens Energy''' <br> Energy technology
|align = center
}}


{{section separator}}
{{section separator}}

Latest revision as of 11:41, 17 January 2026

💼 The DAX tracks Germany’s largest and most liquid listed companies and is often reported as a dividend-inclusive performance index. Its constituents anchor key sectors that drive exports, innovation, and employment. CEOs set strategy, run the operating model, and allocate capital, shaping unit economics and risk for investors, employees, customers, and regulators. Reading their career paths highlights how mandates are earned, incentives are managed, and governance constraints shape decisions through cycles.

~*~

Communication services

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Timotheus Höttges[1]
Deutsche Telekom
Telecom

Consumer discretionary

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Bjørn Gulden[2]
Adidas
Sportswear
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Oliver Zipse[3]
BMW
Automotive
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Nikolai Setzer[4]
Continental
Automotive
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Karin Rådström[5]
Daimler Truck
Automotive
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Ola Källenius[6]
Mercedes-Benz Group
Automotive
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Michael Leiters[7]
Porsche
Luxury automotive
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Oliver Blume[8]
Volkswagen Group
Automotive
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Robert Gentz[9]
Zalando
E-commerce

Consumer staples

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Vincent Warnery[10]
Beiersdorf
Personal care
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Carsten Knobel[11]
Henkel
Consumer goods

Financials

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Oliver Bäte[12]
Allianz
Insurance
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Bettina Orlopp[13]
Commerzbank
Banking
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Christian Sewing[14]
Deutsche Bank
Banking
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Stephan Leithner[15]
Deutsche Börse
Financial infrastructure
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Clemens Jungsthöfel[16]
Hannover Re
Reinsurance
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Joachim Wenning[17]
Munich Re
Reinsurance

Health care

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Bill Anderson[18]
Bayer
Life sciences
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Helen Giza[19]
Fresenius Medical Care
Healthcare
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Michael Sen[20]
Fresenius
Healthcare
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Belén Garijo[21]
Merck
Life sciences
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Thierry Bernard[22]
Qiagen
Life sciences
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Bernd Montag[23]
Siemens Healthineers
Healthcare technology

Industrials

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Guillaume Faury[24]
Airbus
Aerospace defense
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Tobias Meyer[25]
DHL Group
Logistics
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Stefan Klebert[26]
GEA Group
Industrial engineering
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Johannes Bussmann[27]
MTU Aero Engines
Aerospace
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Armin Papperger[28]
Rheinmetall
Defense
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Roland Busch[29]
Siemens
Industrial technology

Information technology

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Jochen Hanebeck[30]
Infineon Technologies
Semiconductors
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Christian Klein[31]
SAP
Enterprise software

Materials

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Markus Kamieth[32]
BASF
Chemicals
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Jens Birgersson[33]
Brenntag
Chemicals distribution
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Dominik von Achten[34]
Heidelberg Materials
Building materials
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Jean-Yves Parisot[35]
Symrise
Specialty chemicals

Real estate

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Rolf Buch[36]
Vonovia
Real estate

Utilities

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Leonhard Birnbaum[37]
E.ON
Utilities
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Markus Krebber[38]
RWE
Utilities
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Christian Bruch[39]
Siemens Energy
Energy technology
~*~

References

  1. ↑ "Board of Management". telekom.com. Retrieved 2025-12-21.
  2. ↑ "Executive Board". adidas-group.com. Retrieved 2025-12-21.
  3. ↑ "Leadership and Governance". bmwgroup.com. Retrieved 2025-12-21.
  4. ↑ "Executive Board". continental.com. Retrieved 2025-12-21.
  5. ↑ "Board of Management". daimlertruck.com. Retrieved 2025-12-21.
  6. ↑ "Board of Management". mercedes-benz.com. Retrieved 2025-12-21.
  7. ↑ "Dr. Michael Leiters will become CEO of Porsche AG on January 1, 2026". Porsche Newsroom. Retrieved 2025-12-21.
  8. ↑ "Executive Bodies". volkswagen-group.com. Retrieved 2025-12-21.
  9. ↑ "Our Management Board". zalando.com. Retrieved 2025-12-21.
  10. ↑ "Our Leadership Team". beiersdorf.com. Retrieved 2025-12-21.
  11. ↑ "Management Board". henkel.com. Retrieved 2025-12-21.
  12. ↑ "Board of Management". allianz.com. Retrieved 2025-12-21.
  13. ↑ "Board of Managing Directors". commerzbank.de. Retrieved 2025-12-21.
  14. ↑ "Management Board". db.com. Retrieved 2025-12-21.
  15. ↑ "Executive Board Overview". deutsche-boerse.com. Retrieved 2025-12-21.
  16. ↑ "Executive Board". hannover-re.com. Retrieved 2025-12-21.
  17. ↑ "Management". munichre.com. Retrieved 2025-12-21.
  18. ↑ "Board of Management: Bill Anderson". bayer.com. Retrieved 2025-12-21.
  19. ↑ "Management Board". freseniusmedicalcare.com. Retrieved 2025-12-21.
  20. ↑ "Management Board". fresenius.com. Retrieved 2025-12-21.
  21. ↑ "Executive Board". merckgroup.com. Retrieved 2025-12-21.
  22. ↑ "Executive Committee". qiagen.com. Retrieved 2025-12-21.
  23. ↑ "Management Board". siemens-healthineers.com. Retrieved 2025-12-21.
  24. ↑ "Executive and Operational Committees". airbus.com. Retrieved 2025-12-21.
  25. ↑ "Board of Management". dhl.com. Retrieved 2025-12-21.
  26. ↑ "Executive Board". gea.com. Retrieved 2025-12-21.
  27. ↑ "Executive Board". mtu.de. Retrieved 2025-12-21.
  28. ↑ "Executive Board Overview". rheinmetall.com. Retrieved 2025-12-21.
  29. ↑ "Management Board". siemens.com. Retrieved 2025-12-21.
  30. ↑ "Management Board". infineon.com. Retrieved 2025-12-21.
  31. ↑ "SAP SE Executive Board". sap.com. Retrieved 2025-12-21.
  32. ↑ "Board of Executive Directors". basf.com. Retrieved 2025-12-21.
  33. ↑ "Board of Management". brenntag.com. Retrieved 2025-12-21.
  34. ↑ "Managing Board". heidelbergmaterials.com. Retrieved 2025-12-21.
  35. ↑ "Management and Supervisory Board". symrise.com. Retrieved 2025-12-21.
  36. ↑ "Management Board". vonovia.de. Retrieved 2025-12-21.
  37. ↑ "Management". eon.com. Retrieved 2025-12-21.
  38. ↑ "Management Board and Supervisory Board". rwe.com. Retrieved 2025-12-21.
  39. ↑ "Executive Board". siemens-energy.com. Retrieved 2025-12-21.
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