Company Management
President’s assignments
The President is appointed and may be discharged by the Board and his/her work is continuously evaluated by the Board, which occurs without the presence of Company Management. Mekonomen’s President and CEO, Håkan Lundstedt, is also a member of the Board of Telge Tillväxt, Dialect AB, Vanna AB and the foundation En Frisk Generation and has no shareholdings or ownership in companies with significant business ties with Mekonomen.
Company Management
A presentation of Company Management is available here.
Remuneration of Company Management
The Annual General Meeting 2011 decided the following guidelines for compensation to its management.
The company shall offer its management competitive compensation based on the following components; the importance of the employee’s work duties and competence, experience and performance, and that the compensation shall consist of the following components:
- fixed base salary,
- variable compensation,
- pension benefits,
- other benefits,
- and severance terms.
The senior management consist of nine persons including the managing director. The senior management shall in addition to the fixed base salary be offered a variable compensation which shall be based on the fulfilment of Mekonomen’s objectives for the result of the Mekonomen group, and individual qualitative parameters.
The allocation between base salary and variable compensation shall be proportionate to the responsibility and authority of the member of the management. The variable compensation to the managing director and other management amounts to a maximum of 60 per cent of the base salary for the managing director and a maximum of 33 per cent of the base salary for other members of the management.
In addition thereto a separate program for variable compensation applies over three years for the management calculated on the result of the Mekonomen group for the financial years 2011-2013. The total cost for Mekonomen over the period for this program is MSEK 24 in the aggregate. The criteria for deciding the amount for each participating member of the management in this separate program is decided by the board of directors. The right to variable compensation expires upon resignation made by a management member, provided resignation precedes the disbursal of the compensation. Other benefits consist mainly of car benefit and pension scheme. Pension benefits are paid with an amount based on the Swedish ITP-plan or the corresponding system for employees abroad. The pension qualifying income is the base salary.