Chief Executive Officer

Sampo plc has a Managing Director who is simultaneously Group CEO and President of Sampo Group. The Board of Directors elects and releases the Group CEO, and decides on the terms of employment and other compensation.

The Managing Director of the company and the CEO and President of Sampo Group is Mr Kari Stadigh.

The Group CEO of Sampo Group is in charge of the daily management of Sampo, subject to the instructions and control of the Board of Directors. The Group CEO is empowered to take extraordinary and broad-ranging actions, taking into account the scope and nature of Sampo's operations, only upon authorisation by the Board of Directors. The Group CEO ensures the legal compliance of Sampo's accounting and the trustworthy organisation of asset management.

Under the terms of the Group CEO contract, the notice period for the Group CEO is six months. In addition to receiving salary for the period of notice, the Group CEO is entitled to severance compensation of 18 months' full salary, provided that the service contract has been terminated by Sampo.

The retirement age of the Group CEO and President is 60 years, in which case the pension benefit entitlement will be 60 per cent of the pensionable salary. In addition, Sampo plc continues the voluntary pension insurance determined in the pre-existing service contract. The annual insurance payment relating to the voluntary pension insurance is approximately EUR 8,400.