CEO’s Remuneration

Johan Westermarck, until March 31, 2025

The monthly base salary of Mr. Johan Westermarck was in 2024 EUR 27,980.00 until January 31, 2024 and EUR 28,344.00 from February 1, 2024, including salary but excluding fringe benefits (mobile phone).

The Board of Directors defines and approves the essential terms of the service of the CEO, including the CEO´s remuneration, in the form of a written agreement. CEO Johan Westermarck’s service contract is effective until further notice and can be terminated by the Company with twelve (12) and by the CEO with six (6) months’ written notice.

The pension security of CEO is statutory and he does not have supplementary pension. According to the pension legislation, the lowest limit of the pension age for CEO is 65 years and 1 month at the moment.

Petri Toljamo, from April 1, 2025

The monthly base salary of Mr. Petri Toljamo is EUR 28,500.00, including salary but excluding fringe benefits (mobile phone).

CEO Petri Toljamo’s service contract is effective until further notice and can be terminated by the Company with twelve (12) and by the CEO with six (6) months’ written notice. If the company terminates the service contract, the CEO will be paid severance pay equivalent to 12 months’ total salary in addition to the salary for the notice period. The pension security of CEO is statutory and he does not have supplementary pension. According to the pension legislation, the lowest limit of the pension age for CEO is 66 years and 1 month at the moment.