Other senior officers

The term other senior officers refers to the seven other persons that together with the CEO make up Peab’s executive management.

Salary and other remuneration including benefits for other senior officers amounted to SEK 17,544 thousand (8,113). Variable remuneration for 2012 for two persons that during the year were members of executive management amounted to SEK 960 thousand. For 2011 variable remuneration amounted to SEK 159 for all other senior officers.

Pension premiums paid out for other senior officers amounted to SEK 5,745 thousand (3,604) during the year. There are early retirement pension commitments for other senior officers. All pension benefits are unassailable.

Pension commitments for other senior officers give them the right to pension from the age of 65. There is a supplementary commitment whereby the company or the senior official can trigger early retirement from the age of 62. Annual pension premiums of 47 percent of basic salary are paid for these commitments. These pensions are part of defined contribution plans.

If given notice by the company other senior officers are entitled to a maximum of two years’ salaries deducted by salaries from new employers. The period of notice from senior officers is six months.