The table below includes the salaries and fringe benefits as well as STI and LTI programme payments to the President and CEO and to the Fortum Executive Management. The STI payments are based on the 2016 targets and achieved results. The LTI payments includes the shares delivered during the year 2017.
The STI and LTI programme payments to Fortum Executive Management members, including the President and CEO, amounted to a total of EUR 2,246 thousand (EUR 1,957 thousand in 2016), which corresponds to 0.73% (0.82% in 2016) of the total compensation in the Fortum Group. The table also includes payments made to supplementary pension arrangements for the President and CEO and for Fortum Executive Management.
Salary and Fringe Benefits
The base salary levels are set taking into account the nature of the role, local and international market conditions and individual experience and performance. The salary for the President and CEO, Pekka Lundmark, was EUR 80,000 per month, including free car allowance and phone allowance as fringe benefits.
|Thousands of euros||President and CEO||Other Members of Fortum Executive Management|
|Salaries and fringe benefits||998||982||3,387||3,581|
The figures include actual payments and shares delivered during 2017. The amounts differ from those presented in the consolidated financial statements ( Note 10.4). The financial statements include costs accrued for the year 2017, part of which will be paid later.