AAK Annual Report 2018

84 Remuneration and other benefits for the year 1) SEK Salary/Board of Directors' fees Annual variable salary Other benefits 2) Pension cost Total Board of Directors Georg Brunstam, Chairman 950,000 - - - 950,000 Bengt Baron 375,000 - - - 375,000 Marianne Kirkegaard 375,000 - - - 375,000 Gun Nilsson 625,000 - - - 625,000 Märta Schörling Andreen 550,000 - - - 550,000 Lillie Li Valeur 500,000 - - - 500,000 Subtotal for Board 3,375,000 - - - 3,375,000 Senior Managers Johan Westman, Chief Executive Officer* 5,674,860 2,983,215 3) 86,256 2,017,337 10,761,668 Fredrik Nilsson, acting Chief Executive Officer** 1,200,000 518,824 3) 0 0 1,718,824 Other senior managers 40,346,800 22,314,244 3) 3,672,295 4,277,098 70,610,438 Subtotal, senior managers 47,221,660 25,816,284 3,758,551 6,294,435 83,090,930 4) Total 50,596,660 25,816,284 3,758,551 6,294,435 86,465,930 5) * Chief Executive Officer from May 1, 2018. ** Position-related supplement from January 1 to April 30, 2018. Remuneration and other benefits for his role as CFO are recognized under “Other senior managers”. 1) Refers to items recorded as an expense in 2018. 2) Other benefits refer primarily to company cars. 3) Final amounts approved by the Remuneration Committee to be paid in 2019. During the year, variable remuneration expensed in 2017 of SEK 24,632,185 was paid. 4) Refers to the following for 2018: Anne Mette Olesen, David Smith, Fredrik Nilsson, Gerardo Garza López de Hereida, Jan Lenferink, Karsten Nielsen, Octavio Díaz de Léon, Renald Mackintosh, René Schou, Terry Thomas and Torben Friis Lange. 5) Of the amount of SEK 86,465,930, SEK 34,621,102 relates to the Parent company, AAK AB. 8 Note Remuneration of the Board of Directors and senior executives