Our remuneration principles aim to attract and retain the best talent, motivate key people and align the goals of the company's shareholders and executives to enhance the value of the company.
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Group Leadership team (excluding the President and CEO) |
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Salary and benefits |
Total salaries in 2020: EUR 3 449 465 |
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Short-term incentives |
The purpose is to reward the Group Leadership for company performance and individual performance. Members are entitled to an annual bonus equaling to 50% of annual base salary upon achievement of targets, with a maximum bonus opportunity corresponding to 100% of the annual base salary. In addition to individual performance, reward factors include company-related performance criteria, such as revenue growth, profit and operational targets. Based on financial performance in 2020, Group Leadership members are paid in total a bonus of EUR 1 194 741. |
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Long-term incentives |
Participants in share-based incentive plan 2020–2022 and 2021-2023, established for TietoEVRY, and share-based incentive plan 2019–2021, established for former Tieto, or the interim Restricted Share Plan 2017 and 2018, established for former EVRY. Share rewards will be based on the relative Total Shareholder Return (TSR), strategic target related to TietoEVRY growth and Earnings per Share (EPS). Further details on share reward criteria available on this page. In March 2021, a total of 20 800 shares were delivered to Group Leadership members related to share-based incentive plan 2018–2020 and partial vesting of the EVRY interim long-term incentive plans. |
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Share ownership guideline |
The recommended minimum investment in company shares corresponds to the executive's one time annual gross base salary. |
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Pension expenditure |
All Group Leadership members based in Finland with no pension plans implemented earlier: annual fee equals to 15% of annual base salary (defined contribution plan (1). The company provides members based outside Finland individual defined contribution-based pension plans accordant with local practices. Expenditure for voluntary pension amounted EUR 261 150 in 2020. |
Updated information on the shares and options held by Group Leadership members is available under insider holdings.
1) Payments to defined contribution plans are recognized as expenses for the period to which they relate. After payment of the contribution the Group has no further obligations in respect of such plans.