Last update: 14 April 2025
Remuneration for the Board members was resolved on the AGM in April 10, 2025 and is based on proposals from the Nomination Committee. The AGM also resolved on the guidelines for remuneration to the senior management team including fixed salary, variable salary, other benefits and pension.
The meeting resolved in accordance with the proposal of the nomination committee that fees to the chairman of the Board of Directors shall be paid with SEK 860,000 (previously SEK 800,000) and each of the other directors elected by the Annual General Meeting shall be paid a fee of SEK 350,000 (previously SEK 340,000). The AGM resolved that fees can be paid to Board members for certain services in addition to Board work (consultancy services etc.) in their respective fields of expertise, provided that such services have been approved in advance by the chairman of the Board or by two Board members. Any remuneration for such services may not exceed SEK 350,000. Furthermore, fees shall be payable for work in the Board’s committees with SEK 125,000 to each member of the audit committee (previously SEK 110,000) and with SEK 200,000 to the chairman of the audit committee (previously SEK 175,000) and with SEK 107,000 to each member of the remuneration committee (previously SEK 100,000) and with SEK 160,000 to the chairman of the remuneration committee (previously SEK 150,000). The AGM also resolved that the Board member Alan McLean Raleigh shall receive an additional fee of SEK 175,000 for significant work for the company during the past mandate period, which is not included in his Board assignment, in connection with the evaluation of Cloetta’s investment in a factory in the Netherlands. Furthermore, the meeting resolved, in accordance with the nomination committee’s proposal, that remuneration to the auditors shall be paid in accordance with approved invoices.
The fees cover the period until the next Annual General Meeting in 2026.
Remuneration to the senior management including incentive program
The current guidelines for remuneration of the Group Management Team were adopted by the AGM on 10 April 2025. The total remuneration shall be market-based and competitive, and shall be proportionate to the individual’s responsibilities and powers. In addition to base salary, remuneration of the President and CEO, other members of the Group Management Team and other executives reporting directly to the President and CEO can include: short-term variable compensation, share-based long-term variable compensation, pension benefits.
For more information, please see the latest Annual and Sustainability Report or the Remuneration report below.