Outokumpu’s Board members are compensated for their time, commitment, knowledge, and required experience for contributing to the long-term financial performance and success of the company. The Annual General Meeting 2026 elected ten Board members, re-electing eight members from the previous Board of Directors and two new members. The Meeting also decided that the annual remuneration of the Board of Directors will remain unchanged: EUR 186,000 for the Chairman of the Board of Directors, EUR 100,000 for the the Vice Chairman of the Board of Directors, the Chairman of the Audit Committee or the Chairman of the Remuneration Committee and EUR 77,000 for the other members of the Board of Directors.
| SET fees of the Board of Directors | ||||
|---|---|---|---|---|
| 2026 | 2025 |
|||
| Position | Annual remuneration, EUR | Meeting fee, EUR/meeting | Annual remuneration, EUR | Meeting fee, EUR/meeting |
| Chairman of the Board | 186,000 | 800/1,600* | 186,000 | 800/1,600* |
| Vice Chairman of the Board and Chairman of the Audit Committee | 100,000 | 800/1,600* | 100,000 | 800/1,600* |
| Board members | 77,000 | 800/1,600* | 77,000 |
800/1,600* |
*) 1,200/1,600 euros per meeting for a meeting held outside a country of residence.
40% of the annual remuneration will be paid in the company’s own shares using treasury shares or shares to be purchased from the market at a price formed in public trading and in accordance with the applicable insider regulations. If a Board member, on the date of the Annual General Meeting, owns shares of the company that, based on the closing price of that day, represent a value exceeding the annual remuneration, he or she can opt to receive the remuneration fully in cash.
The Annual General Meeting decided also that the meeting fees, which are paid also for the Board Committee meetings, will remain unchanged: EUR 800 per meeting for each member of the Board of Directors and EUR 1,600 when travelling to a meeting held outside the Board member’s country of residence. The meeting fees are paid in cash.
|
ANNUAL COMPENSATION PAID IN 2025 |
||||
|---|---|---|---|---|
|
Board member |
Share portion |
Cash portion |
Meeting fees1) |
Total |
|
Kari Jordan, Chairman |
0 |
186,000 |
16,000 |
202,000 |
|
Jyrki Mäki-Kala, Vice Chairman and Chairman of the Audit Committee |
0 |
100,000 |
13,600 |
113,600 |
|
Hilde Merete Aasheim, Member |
30,800 |
46,200 |
17,600 |
94,600 |
|
Heinz Jörg Fuhrmann, Member |
30,800 |
46,200 |
20,000 |
97,000 |
|
Olavi Huhtala, Member |
30,800 |
46,200 |
9,600 |
86,600 |
|
Päivi Luostarinen, Member |
30,800 |
46,200 |
13,600 |
90,600 |
|
Petter Söderström, Member |
30,800 |
46,200 |
13,600 |
90,600 |
|
Pierre Vareille, Member2) |
0 |
0 |
8,000 |
8,000 |
|
Julia Woodhouse, Member |
30,800 |
46,200 |
28,3003) |
105,300 |
|
Total |
184,800 |
563,200 |
140,300 |
888,300 |
1) Meeting fees are entered in the table on the year when they are paid and include committee meeting fees and tax on benefits/gifts.
2) Until April 3, 2025.
3) Meeting fees include 3,500 € meeting fees of the ESG (Environment, Social and Governance) Advisory Council.
| ANNUAL COMPENSATION in 2024 | ||||
|---|---|---|---|---|
| Board member |
Share |
Cash portion |
Meeting fees1) |
Total |
| Kari Jordan, Chairman | 180,000 | 22,640 | 202,640 | |
| Kati ter Horst, Vice Chairman 2) | 96,500 | 24,000 | 120,500 | |
| Heinz Jörg Fuhrmann, Member | 30,446 | 44,554 | 28,800 | 103,800 |
| Päivi Luostarinen, Member | 30,446 | 44,554 | 16,800 | 91,800 |
| Jyrki Mäki-Kala, Member and Chairman of the Audit Committee | 39,179 | 57,321 | 16,800 | 113,300 |
| Petter Söderström, Member | 30,446 | 44,554 | 16,800 | 91,800 |
| Pierre Vareille, Member | 30,446 | 44,554 |
32,000 | 107,000 |
| Julia Woodhouse, Member | 30,446 | 44,554 | 42,0003) | 117,000 |
| Total | 191,409 | 556,591 | 199,840 | 947,840 |
1) Meeting fees are entered in the table on the year when they are paid and include committee meeting fees and tax on benefits/gifts.
2) Vice Chairman until September 30, 2024.
3) Meeting fees include EUR 14,000 meeting fees for the ESG (environmental, social and governance) Board.