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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 Group CEO's terms of employment and other compensation.
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 organization of asset management.
The Managing Director of Sampo plc and the CEO and President of Sampo Group is Mr. Kari Stadigh.
Stadigh has decided to retire on 31 December 2019. Sampo's Board of Directors has on 7 February 2019 appointed Torbjörn Magnusson to succeed him as Group CEO and President of Sampo Group, effective 1 January 2020.
Detailed information regarding the Group CEO's remuneration and pension benefits is available in the Sampo Group Remuneration Statement.