As confirmed at Outokumpu’s Annual General Meeting 2020, the annual remuneration for the members of the Board are the following:
|Position||Annual remuneration, EUR||Meeting fee, EUR/meeting|
|Chairman of the Board||163,000||600|
|Vice Chairman of the Board||91,600||600|
The annual fee is paid once a year, and members of the Board are not entitled to any other share-based rewards. In addition to their annual remuneration, all the members of the Board of Directors are paid a meeting fee of EUR 600 per meeting for each member of the Board of Directors and EUR 1,200 per meeting when travelling to a meeting held outside the Board member’s country of residence.
|Remuneration paid in 2019|
|Meeting fees||Annual remuneration||Total remuneration
|Chairman of the Board, Kari Jordan||12,600||160,000||172,000|
|Vice Chairman of the Board, Heikki Malinen*)||12,600||90,000||102,600|
|Vice Chairman of the Board, Olli Vaartimo (until AGM 2019)||3,000||0||3,000|
|Board member, Kati ter Horst||10,200||70,000||80,200|
|Board member, Eeva Sipilä||9,000||90,000||99,000|
|Board member, Vesa-Pekka Takala||7,200||70,000||77,200|
|Board member, Pierre Vareille||20,400||70,000||90,400|
|Board member, Julia Woodhouse||10,800||70,000||80,800|
*) Malinen stepped down from the Board in April 2020 to join Outokumpu as the company CEO.
Information on fees paid to the Board of Directors in 2019 can be found in the table below as well as in the remuneration statement.