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, in which case the pension benefit is 60 per cent of the pensionable salary. The pensionable salary includes fixed salary, fringe benefits, holiday pay and short-term incentives and is calculated as an average of two out of the four last full years, where the best and the worst year are left out. The pension agreement also includes a mortality cover starting at the time of retirement. 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.