Board of Directors

The fees to the board members until the next Annual General Meeting, confirmed by the Annual General Meeting 2017, are as follows:

​Annual remuneration fee, euros Meeting fee, euros/meeting
​Chairman of the Board ​140,000 ​600
​Vice Chairman of the Board​  80,000​​600
​Board Members​  60,000 ​600

40% of the annual remuneration will be paid as Outokumpu shares purchased from the market and 60% paid in cash. The meeting fee is 1,200 euros per meeting for the Board Members residing outside Finland.

Annual and meeting fees for year 2017


Annual remuneration1)Meeting feesTotal​ remuneration
​Chairman of the Board, Jorma Ollila140,000  7,800​147,800​
​Vice Chairman of the Board, Olli Vaartimo​80,000  9,000  89,000
​Board member, Markus Akermann60,00014,400  74,400
​Board member, Roberto Gualdoni60,00018,000  ​78,000
​Board member, Kati ter Horst60,000  9,000  ​69,000
​Board member, Heikki Malinen​60,000​  7,800​  67,800
​Board member, Eeva Sipilä​60,000  6,600  66,600
​Board member, Saila Miettinen-Lähde (until 6/9/2017)​ 13,515  ​4,200  17,515
​Board member, Stig Gustafsson (until 3/21/2017)​  2,400​    2,400
​Board member, Elisabeth Nilsson (until 3/21/2017)   ​4,800  ​  4,800

1) 40% of the rewards is paid in shares and 60% in cash.

Following the MAR regulation Outokumpu publishes the managers' transactions with Outokumpu's financial instruments as stock exchange releases. Please visit our release archive