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Target rate according to FüPoG II
Responsibility

Target rate according to FüPoG II

Act for the Equal Participation of Women and Men in Leadership Positions in the Private Sector and the Public Sector, as amended by the Second Leadership Positions Act.

The Second Leadership Positions Act (German: Zweites Führungspositionen-Gesetz, FüPoG II) came into force in August 2021. The following information relates to the executive board and supervisory board of Verwaltungsgesellschaft Otto mbH and the two management levels below the Executive Board of Otto (GmbH & Co KGaA).

The supervisory board has set the following target for the women's quota on the supervisory board: By no later than 28 February 2030, the Otto (GmbH & Co. KGaA) supervisory board aims to have at least five women, achieving a minimum female representation of 25%. 

For the management of Otto Verwaltungsgesellschaft mbH, the shareholder council of Otto (GmbH & Co. KGaA) has established a target of at least two women and a minimum female representation of one third by 28 February 2030. 

The management has set the following targets for the women's quota in the two leadership levels below the management: A target of 25% female representation has been set for both the first and second leadership levels below the management of Otto (GmbH & Co. KGaA), to be achieved by 31 December 2025.