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 2022 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 Fiskars Group’s financial targets.
Members of the 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. The retirement benefits of the other Leadership Team members vary according to country practices.
In 2021, salaries, benefits, and incentives paid to the members of the Fiskars Group Leadership Team (excluding the President and CEO) totaled EUR 4,170,600.
Remuneration of the of the Fiskars Group Leadership Team in 2021 (excluding President and CEO)
| 2021 | 2020 | |
| Basic salary (EUR) | 2,437,048 | 1,900,904 |
| Short term incentives payments i (EUR) | 1,561,630 | 162,266 |
| Long term incentives payments (EUR) | 0 | 0 |
| Taxable benefits (EUR) | 171,922 | 135,585 |
| Total (EUR) | 4,170,600 | 2,198,755 |
| Voluntary pension contribution by the company (EUR) | 208,191 | 182,966 |
The figures in the table presented on a cash basis. The remuneration of the President and CEO and the rest of the Leadership Team are presented on an accrual basis in the notes to Fiskars financial statements for 2021.
Fiskars Group Leadership Team Members in 2020 (excluding the President and CEO):
- Tina Andersson
- Christian Bachler
- James Brouillard
- Risto Gaggl
- Johan Hedberg
- Tuomas Hyyryläinen
- Niklas Lindholm
- Sari Pohjonen, until August 13, 2021
- Jussi Siitonen, as of August 16, 2021
- Maija Taimi, until February 28, 2021
- Päivi Timonen