CEO
Our remuneration principles aim to attract and retain the best talent, motivate key people and align the goals of the company's shareholders and executives to enhance the value of the company
The table below summarises the remuneration and the main terms and conditions of the interim CEO, Endre Ranges.
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Salary and benefits |
The Interim CEO receives an annual base salary of NOK 10 706 000 for the period he is serving in the role Annual car benefit of NOK 250 000 |
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Short-term incentives |
The Interim CEO is entitled to an annual performance bonus corresponding to 75% of the annual base salary when performance targets are met, with a maximum potential reward of 150% of the annual base salary The applicable performance criteria for the plan are set by the Board of Directors, commencing from 5 May when his Interim role takes effect |
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Long-term incentives |
The interim CEO is participant in share-based incentive plans for 2024–2026 and 2025 - 2027. Details on share reward criteria for each plan are available on this page.
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Share ownership guideline |
The recommended minimum investment in company shares corresponds to the executive's one-time gross annual base salary. |
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Retirement age |
70 |
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Expenditure for voluntary pension |
The interim CEO participates in the Defined Contribution Plan for all Tietoevry employees in Norway. He is also entitled to an additional pension plan, in which 25% of his base salary above 12 G (G equals the basic amount in the Norwegian National Insurance) is made as pension contribution. |
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Period of notice |
6 months mutual notice period |
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Severance payment |
If the agreement is terminated by Tietoevry, the company will pay severance equivalent to the base salary for twelve (12) months on top of the salary for the notice period. |