page_title: Sixt
section_title: Management
hierarchical_section_title: Sixt / Management
caption_attribution_description: Deutsch: Erich Sixt, Vorstandsvorsitzender der Mietwagenkette Sixt AG am 05.12.1997 in der Unternehmenszentrale in Pullach bei München.
context_page_description: Sixt SE is a German multinational car rental company with about 2,100 locations in over 105 countries. Sixt SE acts as a parent and holding company of the Sixt Group, which is internationally active in the business areas of vehicle rental, car sharing, ride-hailing and leasing.
  The majority of the company is owned by the Sixt family, who manage the company. The remaining share is tradeable stock: SIX2.
context_section_description: In 2005, the Management Board Compensation Disclosure Act (VorstOG) entered into force. Sixt AG became the first company in Germany to exercise the right not to disclose Directors’ salaries without a shareholder vote of at least 75% majority. CEO Erich Sixt held at this time 56.8% of Sixt ordinary shares, corresponding to 89% of votes at the general meeting, meaning he was essentially able to determine the outcome. Overall, 98% of the voters approved the non-disclosure of executive pay.
caption: Erich Sixt 1997
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