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Remuneration Report 2015

Group Leadership Team (GLT) remuneration 2015​​​​


Group Leadership Team Share Interests
​Executives in office at the Year End​R Shares held 1)Performance Share AwardsRestricted Share Awards​
Juan Carlos Bueno-​​91 027​23 442
​Johanna Hagelberg1 220​29 247​10 718​
​Kati ter Horst9 578​55 093​16 415​
​Lars Häggström19 474​61 117​16 072​
​Jari Latvanen-​34 304​11 435​
​Ulrika Lilja13 355​24 584​8 195​
​Per Lyrvall 2)34 965​55 776​15 042​
​Markus Mannström18 860​30 832​8 428​
​Noel Morrin​5 97021 395​30 006​
Gille van Nieuwenhuyzen​-​35 934​11 978​
​Seppo Parvi5 440​47 199​19 379​
​Karl-Henrik Sundström 3)83 499​171 352​47 267​
​Jari Suominen15 540​42 737​12 945​
​Total, Serving Officers 4)​207 901700 597​231 322​
1) None of the GLT members holds A shares.
2) Spouse holds 1 257 shares.
3) 41 700 of the shares are held by a related party (Alma Patria AB).
4) The Company recommends and expects GLT members to hold Stora Enso shares at a value corresponding to at least one annual base salary. Stora Enso shares
received as remuneration are therefore recommended not to be sold until this level has been reached.

The following executive officers also served in 2015
 
​The following executive officers also served in 2015Shares held when GLT membership ended​Performance share awards when GLT membership ended​Restricted share awards when GLT membership ended​Effective Date of GLT ​membership ending
​Terhi Koipijärvi2 774​6 375​1 625​31 March 2015​
​Juha Vanhainen91 640​-​-​15 March 2015​
​94 414​6 3751 625​
 
Board remuneration in 2015
​Board memberBoard EUR 1)Committees EUR 1)
​Gunnar Brock, Chairman ​170 000 2) 24 000​
​Juha Rantanen, Vice chairman ​100 000 ​26 000  2)                  
Anne Brunila​ 70 000​ ​10 000 2)
​Elisabeth Fleuriot 70 000​​6 000
​Hock Goh ​70 000
​Mikael Mäkinen ​70 000 ​14 000
​Hans Stråberg ​70 000 ​6 000
Richard Nilsson ​70 000​20 000
1) 40% of the Board remuneration in 2015 was paid in Stora Enso R shares purchased from the market and distributed as follows: to Chairman 7 616 R shares, Vice Chairman 4 480 R shares, and members 3 136 R shares each. The Company has no formal policy requirements for the Board members to retain shares received as remuneration.
2)  Chairman

 
Board remuneration
​EUR2015 1)​2014 1)​
​Chairman170 000​170 000​
​Vice Chairman100 000​100 000​
​Board Member​70 00070 000​
 
1) 40% of the Board remuneration in 2015 was paid in Stora Enso R shares purchased from the market and distributed as follows: to Chairman 7 616 R shares, Vice Chairman 4 480 R shares, and members 3 136 R shares each. The Company has no formal policy requirements for the Board members to retain shares received as remuneration.

Board remuneration in 2016
The AGM in spring 2016 approved the proposed annual remuneration for the Board of Directors as follows:
  • Chairman           EUR  170 000 
  • Vice Chairman  EUR   100 000 
  • Members            EUR   70 000
 
The AGM also approved a proposal that the members of the Board of Directors use 40% of the above mentioned annual remuneration for purchasing Stora Enso R shares from the market and that the purchases will be carried out within two weeks from the AGM.
 
 
Board remuneration in the past​
​Year​Chairman (EUR)​Vice Chairman (EUR)​Board Member (EUR)
​2013​170 000100 000​70 000​
​2012170 000​​100 00070 000
​2011135 000​​85 000​60 000
2010​135 000​​85 000 60 000
2009**​67 500​​42 500​30 000
2008​​135 000​85 000​60 000
​2007135 00085 000 60 000
2006​135 000 85 000 60 000
2005​ 135 000 85 000 60 000
2004​ 135 000 85 000 60 000
** The AGM in 2009 approved the initiative of the Board to reduce the annual remuneration for the Board members to half of the remuneration in previous years for the year 2009.