Remuneration to senior executives

Remuneration 2007

SEK Fixed salary Variable
remuneration
Other
benefits
Pension
costs
Share-related
payments
Other
remuneration
Total
CEO
Jan Johansson
1,171,241 772,333 16,358 1,089,186 - 1,118,000 4,167,118
Ex. Vice President
Lennart Persson
3,754,555 2,817,472 254,254 587,410 7,413,691
Other senior
executives
30,268,935 17,830,101 2,752,947 9,891,130 - - 60,743,113
Former CEO
Jan Åström
4,290,296 2,994,447 169,343 3,790,391 - 2,288,079 13,532,555
TOTAL 39,485,027 24,414,353 3,192,901 15,358,117 - 3,406,079 85,856,478

Comments to the table above:

  • In applying the company’s earlier contract with the Chairman of the Board, who was previously President and CEO of SCA, from the date he left employment in 2002 and until he reaches age 65, he will essentially remain at the remuneration level that is comparable to his previous employment benefits (excluding variable remuneration). In addition to contractual pension, he will accordingly receive an annual supplementary amount, which for 2007 amounted to SEK 2,123,124.
  • The CEO who took up his position on 1 November received a salary for 2007 based on a fixed annual salary of SEK 7m, a salary level that also applies to 2008.
  • Variable remuneration covers the 2007 financial year but is paid in 2008. For information about how the variable remuneration is calculated. For additional information see Variable remuneration.
  • Other benefits pertain to housing and company car.
  • Approximately half of the Group’s senior executives have defined benefit pension plans while the other half have a combined defined benefit and defined contribution pension plan. Pension costs pertain to the costs that affected earnings for the year, excluding special payroll tax. For additional information about pensions. For additional information see Pension benefits.
  • Other remuneration to the CEO pertains to compensation for loss of variable remuneration from a former employer.
  • Other remuneration to the former CEO pertains to severance pay, etc., according to agreement.