Decisions concerning the remuneration of the CEO and the terms applicable to the service contract are made by Aspocomp’s Board of Directors within the limits of the company’s valid remuneration policy.
Manu Skyttä started as the President and CEO of Aspocomp Group Plc on May 20, 2024.
The fixed total salary, including base salary and fringe benefits, of the President and CEO, is EUR 21,000 per month as of May 2024. He is entitled to vacation allowance as well.
The President and CEO may be entitled to a bonus according to the incentive scheme, in accordance with the decision made by the company’s Board of Directors for each calendar year.
The President and CEO does not have any different pension plans; instead, his retirement age is determined by the Employees Pensions Act (TyEL). If the CEO’s contract is terminated by either the CEO or the company, the notice period is six months. If the company terminates the agreement, there is an additional severance pay equaling six times the monthly salary.
Remuneration of the President and CEO in 2024
In 2024, the remuneration of the President and CEO consisted of a fixed monthly salary and customary fringe benefits (such as phone, meal, and car benefits). The President and CEO is covered by the share-based long-term incentive scheme for top management and selected key employees as well as by the company’s short-term incentive scheme for all employees. The CEO does not have any different pension plans; instead, his retirement age is determined by the Employees Pensions Act (TyEL). If the CEO’s contract is terminated by either the CEO or the company, the notice period is six months. In addition, severance pay amounting to his salary for six months shall be paid.
| EUR 1,000 | Salaries and short-term employment benefits | Pension costs, defined contribution plans | |
| Manu Skyttä, as of May 20, 2024 | 157 | 0 | |
| Mikko Montonen, until May 19, 2024 | 291 * | 32 | |
| Deputy CEO | 154 | 27 |
* Includes the severance pay equivalent to six months’ salary as per the CEO contract.
Remuneration of the Management Team in 2024
| EUR 1,000 | 2024 | 2023 |
| Salary and fringe benefits, EUR | 479 | 546 |
The members of the Management Team are all included in the share-based long-term incentive scheme covering top management and selected key employees as well as in the annual short-term incentive scheme covering all employees.
The Management Team members´ retirement age is determined by the Employees Pensions Act.