President and CEO's remuneration

The Board of Directors of Fiskars Corporation appointed MBA Jyri Luomakoski as President and CEO of Fiskars Corporation effective 16th October 2025. The President and CEO’s compensation consists of base salary, short-term incentive plan and long-term incentive plans. The annual base salary is EUR 600,000, including salary but excluding fringe benefits (mobile phone, and insurances). The annual target bonus is 75% of the annual base salary and maximum payment is 150% of the base salary. The earning criteria are tied to Fiskars Group’s financial targets.

The President & CEO will participate in the Company’s long term incentive plans as of 2026 and according to and subject to the Company’s policies as the Company may from time to time, at its absolute discretion, determine. At the start of his assignment, the long term incentives plan related annual target level is 100 % of the base salary and the maximum is 200 % of the base salary. The President and CEO is required to build up the holding of the company’s shares until the value of the holding corresponds to at least 100% of the annual gross base salary.

The President and CEO is provided with a voluntary defined contribution pension, as part of which the Company contributes 20% of the annual base salary. The President and CEO’s service contract will end by the time of the statutory retirement age. The President and CEO and the Company have a notice period of six months. Remuneration upon dismissal by the Company equals annual base salary, in addition to the salary for the six-month notice period.

More information on the remuneration of the President and CEO and Deputy to the CEO can be found in the Remuneration Report 2024 and on Long-term incentive plan page