Fiskars Group Leadership Team’s remuneration

The compensation of Fiskars Group Leadership Team consists of base salary, a Short-term Incentive plan and Long-term Incentive Plans. For 2020 the Short-term Incentive plan is designed to provide a target bonus equivalent to 40–50% of their annual base salary. The earning criteria are tied to the Group’s financial targets and, secondarily, to personal, business-specific targets.

Members of the Group’s Fiskars Group Leadership Team based in Finland have a voluntary, contribution-based pension insurance under which the Company contributes 16–20% of their prior year annual salaries excluding incentives. Their right to retire vary according to the statutory retirement ages.

In 2019, salaries, benefits, and bonuses paid to the members of the Fiskars Group Leadership Team (excluding the President and CEO) totaled EUR 2,642,604.

Remuneration of the other members of the Executive Leadership Team in 2019

  2019 2018 2017
Basic salary (EUR) 1,833,723 1,580,686 1,663,397
Annual bonus for previous year (EUR) 472,921 922,577 308,218
Bonus paid through long-term
incentive plan (EUR)		 335,960 795,883 371,455
Total (EUR) 2,642,604 3,299,146 2,343,070
Voluntary pension contribution
by the company (EUR)		 226,851 251,261 82,482

 

The figures in this remuneration are presented on a cash basis. The remuneration of the President and CEO and the rest of the Executive Leadership Team are presented on an accrual basis in the notes to Fiskars financial statements for 2019.

Executive Leadership Team Members:

  • Sari Pohjonen
  • Risto Gaggl
  • Päivi Timonen
  • Maija Taimi
  • Niklas Lindholm
  • Tuomas Hyyryläinen
  • Christian Bachler, as of 4.12.2019
  • Johan Hedberg, as of 4.12.2019
  • Ulla Lettijeff, until 5.8.2019
  • Michael Halak, 1.3.-1.12.2019

 

Updated April 6, 2019