AAK Annual Report 2020

AAK Annual Report 2020 88 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 980,000 - - - 980,000 Bengt Baron 515,000 - - - 515,000 Marianne Kirkegaard 390,000 - - - 390,000 Gun Nilsson 640,000 - - - 640,000 Märta Schörling Andreen 565,000 - - - 565,000 Patrik Andersson 390,000 390,000 Subtotal, Board of Directors 3,480,000 - - - 3,480,000 Senior executives Johan Westman, Chief Executive Officer 8,832,045 2,984,125 3) 200,736 3,075,815 15,092,721 Other senior executives 41,481,115 11,598,741 3) 2,485,184 3,266,295 58,831,335 Subtotal, Senior executives 50,313,160 14,582,866 2,685,920 6,342,110 73,924,056 4) Total 53,793,160 14,582,866 2,685,920 6,342,110 77,404,056 5) 1) Refers to items recorded as an expense in 2020. 2) Other benefits refer primarily to company cars. 3) Final amounts approved by the Remuneration Committee to be paid in 2021. During the year, variable remuneration expensed in 2019 of SEK 31,285,947 was paid. 4) Refers to the following for 2020: Anne Mette Olesen, David Smith, Fredrik Nilsson, Gerardo Garza López de Hereida, Jan Lenferink, Karsten Nielsen, Octavio Díaz de Léon, Renald Mackintosh (until June 30, 2020), René Schou, Tim Stephenson, and Sten Estrup (from April 30, 2020). 5) Of the amount of SEK 77,404,056 SEK 26,235,624 relates to the Parent company, AAK AB. Note 8 | Remuneration of the Board of Directors and senior executives