Governance & ESG

Find out more about our policies & statutes, our boards, the AGM and our sustainability efforts

Policies & Statutes

Exasol AG’s Corporate Governance

Exasol AG understands a responsible and transparent Corporate Governance as a central challenge and indispensable prerequisite for the creation of sustainable value for all relevant stakeholders (shareholders, customers, employees, business partners and the public).

Corporate Governance Structure

Exasol AG is a German stock corporation and as such has a two-tier management and oversight structure consisting of a Management Board and a Supervisory Board. The third central body of the company is the General Meeting of Shareholders. The areas of responsibility of these three bodies are regulated in the German stock corporation law and by the statutes of Exasol AG.
In addition to the statutory responsibilities and the internal and external control and monitoring mechanisms, the Management Board and the Supervisory Board also believe that effective corporate governance includes upholding and respecting our values, guidelines and corporate principles.

Articles of Association of Exasol AG, version dated 30. June 2021

The basic conditions framing Exasol AG’s set-up in corporation law terms are contained in the Articles of Association, f.ex. definition of the corporate purpose, the amount of capital stock, the share class, the organization of the Management Board and Supervisory Board etc. Only the General Meeting of Shareholders can amend the content of the Articles of Association, and any changes must be carried by a majority of the votes cast as well as a majority of the share capital represented when the resolution is adopted.

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Code of Conduct for Employees

Exasol strives to approach all of its business activities responsibly, ethically and with integrity.
At the heart of good corporate governance are our key corporate principles – maintaining a culture of integrity, transparency and compliance with all applicable laws and regulations, resulting in good corporate governance.
Exasol has developed a Code of Conduct for all employees and managers to turn these principles into action. It describes the basic commitments and expectations that should be reflected in our daily work to keep Exasol compliant and successful.

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Code of Conduct for Supplier and Business Partners

Exasol takes compliance with global standards and best practices very seriously and expects its suppliers and other business partners (e.g. contractors, consultants, partners) to commit to the same high standards and best practices of ethical business conduct as defined in this Code of Conduct for Suppliers and Business Partners.

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Internal Guidelines and Principles to Strengthen Ethical Business Practices, including Whistleblowing Process

Exasol has, as part of its Compliance and Risk Management System and Integrated Management System, established internal guidelines and policies that all employees have been informed about, trained on, and must agree to. These include, among others, anti-corruption and bribery, handling of gifts, benefits and potential conflicts of interest, handling of data, IT security and related topics.
There is also a clearly defined and communicated whistleblowing process that allows employees and externals to report compliance incidents (also) anonymously.
Access to be requested via compliance@exasol.com.

Management Board

Get to know our Management Board

Aaron Auld

Aaron Auld

Chief Executive Officer

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Year of Birth: 1964

Nationality: British and German

Initial Appointment: January 2009

Appointed until: November 2024

Function: Chief Executive Officer

Professional Career: Aaron Auld started his career at Exasol AG in August 2006, initially as General Counsel and Head of HR. In January 2009 he was appointed CFO and COO, and in 2013 he was appointed Chief Executive Officer. Prior to joining Exasol AG, Aaron Auld served as General Counsel at primion Technology AG and was responsible for coordinating the company's IPO on the Frankfurt Stock Exchange. Prior thereto he served as General Counsel for the global software business at Océ, now a Canon company. Previous to that he worked as an independent attorney.

Academic Career: Aaron Auld studied law at the Ludwig-Maximilians-University in Munich, Germany, and graduated with the 1st State Examination and 2nd State Law Examination. He also completed the MBL postgraduate program at the University of St. Gallen, Switzerland, as the best in his class (Allumni Award 2003/2004).

Further Appointments and Mandates: No further appointments or mandates

As of September 1st, 2021.

Jan-Dirk Henrich

Jan-Dirk Henrich

Member of the Management Board and CFO/COO

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Year of Birth: 1977

Nationality: German

Initial Appointment: September 2021

Appointed until: August 2024

Function: Member of the Executive Board and CFO/COO

Professional Career: Jan-Dirk Henrich joined Exasol in September 2021 as Member of the Executive Board and CFO/COO. He leads all finance related departments including Accounting, Controlling, Legal/Compliance and Investor Relations as well as the Human Resource functions. Jan-Dirk brings along 20 years of professional experience in the areas of General Management, Finance and Strategy/M&A, thereof 4 years in deployments in Asia and the US. Prior to joining Exasol, he worked as Vice President Controlling and Business Intelligence at publicly listed NEW WORK SE, a leading provider of HR Tech and Professional Networking services in the DACH region.

Academic Career:

Jan-Dirk Henrich studied Business Administration at Otto-Beisheim Graduate School of Management (WHU) in Vallendar, Germany (German diploma). In addition, he studied at The London School of Economics and Political Science (LSE), London, UK, and was awarded a Master of Science in Economics.

Further Appointments and Mandates: No further appointments or mandates

As of September 1st, 2021.

Mathias Golombek

Mathias Golombek

Member of the Management Board and Chief Technology Officer

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Year of Birth: 1979

Nationality: German

Initial Appointment: January 2014

Appointed until: December 2022

Function: Member of the Executive Board and Chief Technology Officer

Professional Career: Mathias Golombek has been with Exasol since 2004. He initially was Head of Research & Development. In 2014, he was appointed as member of the Management Board and Chief Technology Officer.

Academic Career: Mathias Golombek studied computer science with focus on databases, distributed systems and development processes at the University of Applied Sciences in Wuerzburg, Germany (Diploma in Computer Science).

Further Appointments and Mandates: No further appointments or mandates

As of September 1st, 2021.

Supervisory Board

Get to know our Supervisory Board

Prof. Jochen Tschunke

Chairman of the supervisory board

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Year of Birth: 1945

Nationality: German

Member since: January 2008

Elected until: July 2026

Practised profession: Entrepreneur

Professional Career: Prof Tschunke spent ten years in various management roles at Texas Instruments. In 1983, he established Computer 2000 AG, at the time a pioneer in IT wholesale/distribution and developed the company into the European market leader. He led the company as CEO until 1998 and was responsible for the 1988 IPO. The company was taken over by Tech Data USA in 1998. Since 1999, Jochen Tschunke has been active as a business angel and venture investor. Over the past 20 years, he has also served as chairman and member of various supervisory boards. He advises and assists companies with private equity and venture capital until they are ready for the capital markets and IPO. Jochen Tschunke is currently self-employed in the areas of corporate investments, real estate development and asset management.

Academic Career: Industrial Engineer

Further Appointments and Mandates: No further appointments or mandates

As of September 1st, 2021.

Karl Hopfner

Deputy Chairman of the supervisory board

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Year of Birth: 1952

Nationality: German

Member since: June 2018

Elected until: July 2026

Practised profession: Business economist

Professional Career: Karl Hopfner started his professional career as Commercial Director of a large German construction company before being promoted to the position of Head of Accounting and Human Resources. Mr Hopfner was full-time Managing Director of FC Bayern München e.V. between 1983 and 2002 and member of the Management Board of FC Bayern München AG from 2002 to December 2012, the last two years serving as Vice Chairman. He became a member of the Supervisory Board of FC Bayern München AG in December 2012 and was elected Chairman in September 2014. He held this position until his departure from the Supervisory Board in February 2017. Karl Hopfner was also President of FC Bayern München e.V., a member of the Board of Directors of Deutsche Fußball Liga and Deutscher Fußballbund, as well as serving on UEFA committees. In addition, from 2014 until March 2018 he was member of the supervisory board of Allianz Beratungs- und Vertriebs-AG.

Academic Career: Industrial Clerk / Business Economist

Further Appointments and Mandates:

  • Honorary Managing Director of a non-profit company
  • Member of the Advisory Board of Schmidbauer GmbH & Co KG.

As of September 1st, 2021.

Dr. Knud Klingler

Member of the supervisory board

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Year of Birth: 1941

Nationality: Austrian

Member since: September 2008

Elected until: July 2026

Practised profession: Entrepreneur

Professional Career: Dr. Knud Klingler began his professional career at Mannesmann Export GmbH. From 1970 to 1980, he worked as a financial and management consultant in Nuremberg. Between 1981 and 2000, Dr. Klingler was operationally involved in the creation and management of DELU Deutsche Luftgleitkissen GmbH and SCHUKRA GmbH. Since 1995, he has also been an investor in start-ups such as Biogate GmbH, Bioepiderm GmbH, Plux Optix GmbH, ARA Authentic GmbH, Xilicate GmbH, Marwian GmbH, 310Klinik GmbH, MVZ Radiologie und Nuklearmedizin GmbH. In addition, he is the owner of real estate companies and has been a member of the advisory and supervisory boards of several enterprises; including as Chairman of the Supervisory Board of Bio-Gate AG until 2017.

Academic Career: Business Graduate

Further Appointments and Mandates: No further appointments or mandates

As of September 1st, 2021.

Volker Smid

Member of the supervisory board

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Year of Birth: 1958

Nationality: German

Member since: July 2021

Elected until: July 2026

Practised profession: CEO of Acrolinx GmbH

Professional Career: Volker Smid has more than 25 years of management experience in the software, internet, technology and media industry. At Acrolinx, Smid contributes his extensive knowledge in Content Marketing to drive the ongoing international expansion of the Berlin-based group. He is also member of the Board (“Verwaltungsrat”) of the swiss based Infinigate Holding AG. Before joining Acrolinx he served as CEO of Searchmetrics and EVP Digital & Technologies at the Holtzbrinck Publishing Group. Prior to Holtzbrinck, Volker Smid was CEO of Hewlett-Packard GmbH, Vice Chairman of BITKOM, President EMEA and Asia/PAC at Novell Inc. in London, SVP Sales Midmarket Parametric Technology in Boston, Munich and Tokyo and SVP at POET Inc. in San Mateo, California. A decisive factor in his early professional development was his founding of a company with 3 partners that later grew to employ 200 persons. Volker Smid, who has a degree in Computer Science and Business Administration, was also shaped by working with various major companies in all the world's key economic regions.

Academic Career: Computer Scientist / Business Economist

Further Appointments and Mandates:

  • CEO of Acrolinx GmbH
  • Member of the Board of Directors (administrative board) of Infinigate Holding AG

As of September 1st, 2021.

Annual General Meeting

Find all relevant AGM information here

Detail Download
The virtual Annual General Meeting of Exasol AG took place on Wednesday, June 30, 2021 at 10:00 a.m. CEST. Detailed information and related documents are available here.
Voting results (German only)
Invitation to the Annual General Meeting 2021
Information pursuant to Implementing Regulation (EU) 2018/1212 for the notification under section 125 AktG
Annual Report 2020
Annual Financial Statements 2020 of Exasol AG
Supervisory Board Report 2020
Report of the Executive Board on agenda item 7
Report of the Executive Board on agenda item 8
Report of the Executive Board regarding utilization of the Authorized Capital 2020
Short Curriculum Vitae of the Candidates for the Supervisory Board
Articles of Association of Exasol AG
Presentation of the management board (essential content) - The spoken word of the management shall prevail at the AGM. The report of the management at the AGM will be held in German (including presentation documents in German).
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The virtual Annual General Meeting 2020 of Exasol AG took place on Wednesday, July 22, 2020 at 10:00 a.m. CEST. Detailed information and related documents are available here.
Voting results (German only)
Invitation to the general meeting 2020 (German only)
Supervisory Board report (German only)
Articles of association (German only)
Management Board report on agenda item 5 (German only)
Management Board report on agenda item 6 (German only)
Management Board report on authorized capital (German only)
Consolidated Financial Statements 2019
Financial Statements 2019 (German only)

Sustainability & ESG

What we do today determines what the world will look like tomorrow. (Marie von Ebner-Eschenbach)

At Exasol, we believe that it is possible to have a positive impact on the world and society if everyone does their best. That’s why we take very seriously the responsibility we have as a company. We aim to create more than just economic value through coordinated social engagement, an environmental and sustainability strategy that adapts to the circumstances, and responsible corporate governance!

UN Global Compact – Ten fundamental principles for Exasol doing business

Exasol considers the 10 principles of the UN Global Compact as a foundation for good and responsible business conduct. Therefore, we have decided to join the UN Global Compact and thus contribute to the fulfillment of the UN Sustainable Development Goals. Exasol fully shares the core values of the UN Global Compact in the areas of human rights, labor standards, environmental protection and anti-corruption and aims to make continuous progress in this regard.

Environment

Protecting our planet is close to our heart:

  • Exasol has established a task force to drive this cause forward. The so-called “Green Team” consists of Exasol employees (with the participation of a member of the Board of Directors) who implement proactive initiatives in the areas of e.g. business travel, green offices, education as well as procurement.
  • We have also calculated our carbon footprint for 2019 and 2020 in order to be clear about our share of CO2 emissions in this world and to find potential for optimization. In addition to offsetting emissions, we have committed to reducing them through ambitious targets. We have already taken various measures to reduce them.
  • Among other things, the office building at our headquarters in Nuremberg and most of our smaller offices already use green electricity. In addition to the fact that some servers in our data centers already use green power, we want to further reduce the emissions of our core business through sustainable suppliers and service providers along our supply chain.
  • In addition, we are currently working on a company-wide Environmental Management System (EMS), which is constantly being adapted and improved.
  • Overall, we are with our database part of the clean tech movement. For our competitors to achieve the same performance results, a lot more infrastructure and power would be needed. Thereby using our database leads to CO2 carbon emission reduction and saves natural resources.

For more information, please see our Corporate Social Responsibility Report and our CSR Webpage.

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Social

  • A very important aspect of life at Exasol for our employees is Learning and Development. We support our employees in an individual and structured way.
  • Another integral part of the employee journey is it’s start, our recruitment philosophy and procedure. We believe in hiring the best talent using our comprehensive recruitment process to support a fair and diverse selection process.
  • Employees are at the heart of what Exasol does, given this focus on our employees it is important to have a robust Succession Planning Process.
  • Continuously improving the employee experience is a cornerstone of our People Strategy. One of our tools used to measure engagement are our monthly pulse surveys

For more information, please see our Corporate Social Responsibility Report and our CSR Webpage.

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Governance

  • For a comprehensive overview to our corporate governance structure and our policies & statutes, please refer to our Corporate Governance & ESG / Policies and Statutes page. There you will also find our internal Code of Conduct and our Code of Conduct for Suppliers and Business Partners.
  • For an overview of our current efforts in the area of Corporate Governance & Compliance (including strengthening of our training concept on the internal Code of Conduct and other ethical business practices, etc.) please take a look at the current Corporate Social Responsibility Report.

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