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 2018 can be found in the remuneration statement.
REMUNERATION PAID IN 2018 |
|||
Meeting remuneration |
Annual remuneration |
Total remuneration |
|
Chairman of the Board, Kari Jordan |
4,200 |
160,000 |
164,200 |
Chairman of the Board, Jorma Ollila |
2,400 |
– |
2,400 |
Vice Chairman of the Board, Olli Vaartimo |
6,600 |
90,000 |
96,600 |
Board member, Markus Akermann |
4,800 |
– |
4,800 |
Board member, Roberto Gualdoni |
2,400 |
– |
2,400 |
Board member, Kati ter Horst |
6,600 |
70,000 |
76,600 |
Board member, Heikki Malinen |
6,600 |
70,000 |
76,600 |
Board member, Eeva Sipilä |
5,400 |
70,000 |
75,400 |
Board member, Pierre Vareille |
7,200 |
70,000 |
77,200 |
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, 2018 |
|
Member |
Shares |
Kari Jordan |
81,387 |
Olli Vaartimo |
55,182 |
Kati ter Horst |
14,150 |
Heikki Malinen |
33,598 |
Eeva Sipilä |
12,962 |
Pierre Vareille |
24,981 |
Total |
222,260 |
Please note that the table includes the shares owned by current members of the Board.