The President and CEO’s remuneration consists of base salary, taxable benefits (housing benefit, car benefit, phone benefit, pension, medical and life insurance), share-based incentive and annual short-term incentive determined by the Board based on the company’s key targets. 

Base salary and benefits

The CEO's annual base salary is 780,000 euros. In 2020, the annual target incentive opportunity for the CEO under the short-term incentive is 50% and the maximum incentive opportunity 100% of the CEO’s annual base salary. The criteria for short-term benefits is being set. 

The CEO is entitled to Outokumpu's Performance Share Plans for 2018–2020, 2019–2021 and 2020–2022.

Outokumpu share-based incentive programs.

Pension benefits and terms of service

The CEO has the right to retire at the age of 65. He participates in the Finnish TyEL pension system and there are no extra pension plans on top of this.

The service contract of the CEO is valid until further notice. The CEO is entitled to a severance payment of twelve (12) months, and the notice period is six (6) months for both parties.