Board remuneration

The Annual General Meeting decides on the remuneration of the Board of Directors. The Annual General Meeting 2018 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 fees to the board members until the next Annual General Meeting, confirmed by the 2018 Annual General Meeting, are as follows:

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 meeting fee is EUR 1,200 when travelling to a meeting held outside the Board member’s country of residence.

 

REMUNERATION PAID IN 2017

 

 

 

Meeting remuneration

Annual remuneration

Total remuneration

Chairman of the Board, Jorma Ollila

7,800

140,000

147,800

Vice Chairman of the Board, Olli Vaartimo

9 000

80,000

89,000

Board member, Markus Akermann

14,400

60,000

74,400

Board member, Roberto Gualdoni

18,000

60,000

78,000

Board member, Stig Gustavson

2,400

2,400

Board member, Kati ter Horst

9,000

60,000

69,000

Board member, Heikki Malinen

7,800

60,000

67,800

Board member, Saila Miettinen-Lähde

4,200

4,200

Board member, Elisabeth Nilsson

4,800

4,800

Board member, Eeva Sipilä

6,600

60,000

66,600

 

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, 2017

Member

Shares

Kari Jordan

*

Olli Vaartimo

32,777

Kati ter Horst

9,169

Heikki Malinen

28,617

Eeva Sipilä

7,981

Pierre Vareille

*

Total

78,544

 

*Please note that Kari Jordan and Pierre Vareille were not Outokumpu Board members on December 31, 2017.

Please note that the table includes the shares owned by current members of the Board. 

Your contact

[OfficeName]

[OfficeMail] [OfficePhone]

Follow us on social media

May 17, 2018