The remuneration of the members of the Board and the Board committees is decided by the General Meeting of Shareholders of the Company based on a proposal by the Nomination Board.
The remuneration of the members of the Board and the Board committees is decided by the General Meeting of Shareholders of the Company based on a proposal by the Nomination Board.
The Nomination Board shall not be entitled to remuneration from the Company on the basis of their membership unless otherwise decided by the General Meeting of Shareholders.
The Board decides on the remuneration of the CEO. The remuneration of the Executive Management Team is decided by the Board based on a proposal by the CEO, which is initially reviewed by the Human Resources Committee.
The Company has published its Remuneration Statement on the Company’s website in accordance with the Governance Code.
The Annual General Meeting 2020 adopted the Remuneration Policy for the governing bodies.
Members of the Board of Directors
The members of the Board of Directors received term of office fees and attendance fees in 2019 as follows:
|
|
term of office fees/euros |
attendande fees/euros |
total/euros |
|
Sanna Suvanto-Harsaae |
42 375 |
28 800 |
71 175 |
|
Kai Telanne |
26 850 |
7 800 |
34 650 |
|
Kim Henriksson |
21 525 |
24 000 |
45 525 |
|
Annikka Hurme (until 15 May 2019) |
3 000 |
6 525 |
9 525 |
|
Tiina Lencioni |
21 525 |
11 400 |
32 925 |
|
Jukka Ohtola |
21 525 |
8 400 |
29 925 |
|
Anette Rosengren (as of 15 May 2019) |
15 000 |
7 200 |
22 200 |
|
Torsten Steenholt |
21 525 |
12 000 |
33 525 |
CEO
The salary and other remuneration paid in 2019 to CEO Pekka Tennilä amounted to a total of 337 737 euros:
|
Fixed base salary |
323 697 euros |
|
Fringe benefits |
14 040 euros |
|
Annual incentive for 2018 |
0 euros |
Other executives
The salary and other remuneration paid in 2019 to the members of the Executive Management Team (other than the CEO) amounted to a total of 1 187 477 euros.
|
Fixed base salary |
1 137 753 euros |
|
Fringe benefits |
49 724 euros |
|
Annual incentive for 2018 |
0 euros |
Related content
Board of Directors
The Board of Directors of Altia consists of no less than one and no more than five members in addition to the chairman and vice chairman. On this page, you'll find the biographies of the members of Altia's Board of Directors. Read more about the role of the Board of Directors on our Governance pages.
Executive Management Team
The Executive Management Team is chaired by the CEO of Altia and comprises other senior management appointed by the Board of Directors. On this page you'll find the biographies of the members of EMT. Read more about the role of the Executive Management Team on our Governance pages.