The table below describes the share ownership of the members of our Leadership Team and Board of Directors at the year-end 2019. We publish all changes in the management shareholding, both for the Leadership Team and Board members, as separate stock exchange releases.
Part of the remuneration of both the management and Board members is paid in Outokumpu shares. For the Board members, 40% of the annual remuneration is paid in Outokumpu shares, and the share-based incentive programs are part of the overall Leadership Team remuneration.
Part of the remuneration of both the management and Board members is paid in Outokumpu shares. For the Board members, 40% of the annual remuneration is paid in Outokumpu shares, and the share-based incentive programs are part of the overall Leadership Team remuneration.
| Shares and share-based rights owned by the members of the Board of Directors on Dec 31, 2019 | |
|---|---|
| Member of the Board | Shares |
| Kari Jordan | 122,474 |
| Heikki Malinen* | 45,459 |
| Eeva Sipilä | 24,823 |
| Kati ter Horst | 23,275 |
| Vesa-Pekka Takala | 9,225 |
| Pierre Vareille | 34,206 |
| Julia Woodhouse | 9,225 |
| Total | 268,787 |
*) Malinen stepped down from the Board in April 2020 to join Outokumpu as the company CEO in May.
| Shares and share-based rights owned by the Leadership team, December 31, 2019 | |
|---|---|
| Member of the Leadership Team | Shares |
| Roeland Baan | 1,237,567 |
| Pia Aaltonen-Forsell | 0 |
| Liam Bates | 130,295 |
| Maciej Gwozdz | 189,313 |
| Jan Hofmann | 132,262 |
| Reeta Kaukiainen | 0 |
| Olli-Matti Saksi | 285,856 |
| Johann Steiner | 143,475 |
| Kari Tuutti | 166,579 |
| Total | 2,285,347 |
Please note that there have been changes in the Outokumpu Leadership Team during the year and that this table describes the situation at the year-end 2019.