Remuneration

Board remuneration

The Chairman of the Board and other Directors received total remuneration of SEK 870 thousand (800) for 2018, in accordance with the resolution of the AGM.

The Chairman receives SEK 195 thousand per year and the other four Directors each receive SEK 135 thousand per year.

Remuneration to the CEO and senior executives

The CEO’s base salary for 2018 amounted to SEK 2,600 thousand (2,440). In August 2018, a CEO change took place when former Deputy CEO Jennie Högstedt Björk took over as CEO instead of Anna Attemark, which is why the amount stated includes compensation for these two individuals during the time when they held the position of CEO. The CEO is entitled to a monthly pension provision corresponding to 30 percent of base salary. Pension expenses amounted to SEK 732 thousand (648) in 2018 The terms of the CEO’s remuneration package are resolved by the Board. The company and the CEO have agreed to a term of notice of 12 months if she is terminated by the company and 6 months if she resigns.

Senior executives refer to five persons, who together with the CEO formed the Group Management in 2018.The base salaries paid to senior executives, excluding the CEO, amounted to SEK 4,993 thousand (5,077) for 2018. Odd Molly pays premiums to a defined-contribution pension plan corresponding to 16–23 percent of the total payroll expense. Pension expenses amounted to SEK 859 thousand (968) in 2018. Senior executives have a term of notice of 3–6 months.

Remuneration to the CEO and other senior executives has been paid exclusively by the Parent Company. Variable remuneration in the form of a bonus has not been expensed for CEO Anna Attemark, Deputy CEO/CEO Jennie Högstedt Björk or Deputy CEO Sara Fernström during 2018 nor for 2017.