CEO
The Board decides on the service terms and conditions of the CEO, specified in writing. Currently the CEO has:
- 6 months’ period of notice.
- No additional severance pay.
The CEO and his substitute’s remuneration consists of salary in money, fringe benefits and of share and option based incentive scheme.
In the financial year 2021, CEO Olli Väätäinen’s total salary including benefits totalled 313,000 euros.
According to the share register maintained by Euroclear Finland Oy, CEO Olli Väätäinen owned directly or through controlled companies 313,178 shares of Solteq Plc on December 31, 2021.
Executive Team
The remuneration of the Executive Team – excluding the CEO – consists of a fixed salary and possible short- and / or long-term incentive schemes. There were no short- or long-term incentive schemes for the financial period of 2020.
Currently, the members of the Executive Team have:
• A notice period of 3 to 6 months
• An additional severance payment worth 0 to 6 months’ salary
In 2021, the fixed salary paid to the members of the Executive Team (excluding the CEO) totalled TEUR 633. The fixed salary included taxable benefits. No variable remuneration or additional pension contributions were paid to the members of the Executive Team.
The members of the Executive Team (excluding the CEO) held 91,503 shares of Solteq Plc on December 31, 2021.
Stock-based incentive scheme
Solteq Plc does not currently have a stock-based incentive scheme. No shares were issued based on the 2016 announced stock option scheme. and a share-based incentive scheme. The terms of the 2016 announced and 31.12.2019 ended stock options scheme can be seen here.