The following table includes the annual 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 and LTI programme payments to Fortum Executive Management members, including the President and CEO, amounted to a total of EUR 2.4 million (EUR 2.2 million in 2017), which corresponds to 0.69% (0.73% in 2017) 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, as well as individual experience and performance.
|Thousands of euros||President and CEO||Other Members of Fortum Executive Management|
|Salaries and fringe benefits||1,048||998||982||3,101||3,387||3,581|
The figures include actual payments and shares delivered during the calendar year. The amounts differ from those presented in the consolidated financial statements (Note 11.4). The financial statements include costs accrued for the year, part of which will be paid later.