Remuneration of the Management

Remuneration of the President and CEO in 2022

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.

In 2022, 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.

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.