|
BOARD REMUNERATION |
|
|
|
Position |
Annual remuneration, euros |
Meeting fee, EUR/meeting |
|
Chairman of the Board |
160,000 |
600 |
|
Vice Chairman of the Board |
90,000 |
600 |
|
Board members |
70,000 |
600 |
The Annual General Meeting 2019 decided that 40% of the annual remuneration will be paid in the Company’s shares to be purchased from the market at a price formed in public trading and in accordance with the applicable insider regulations.
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.
Information on fees paid to the Board of Directors in 2019 can be found in the remuneration statement.
|
REMUNERATION PAID IN 2019 |
|||
|
Meeting remuneration |
Annual remuneration |
Total remuneration |
|
|
Chairman of the Board, Kari Jordan |
12,600 |
160,000 |
172,600 |
|
Vice Chairman of the Board, Heikki Malinen |
12,600 |
90,000 |
102,600 |
|
Vice Chairman of the Board, Olli Vaartimo |
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 |
Following the MAR regulation Outokumpu publishes the managers' transactions with Outokumpu's financial instruments as stock exchange releases.
|
SHARES OWNED BY THE MEMBERS OF THE BOARD OF DIRECTORS ON DEC 31, 2019 |
|
|
Member |
Shares |
|
Kari Jordan |
102,474 |
|
Heikki Malinen |
45,459 |
|
Kati ter Horst |
23,375 |
|
Eeva Sipilä |
24,823 |
|
Vesa-Pekka Takala |
9,225 |
|
Pierre Vareille |
34,206 |
|
Julia Woodhouse |
9,225 |
| Total | 248,787 |
Please note that the table includes the shares owned by current members of the Board.