Other senior officers
The term other senior officers refers to the five other persons in addition to the CEO that make up Peab’s executive management. In 2016 salary and other remuneration including benefits for other senior officers amounted to SEK 19,905 thousand (14,088) which includes provisions for termination salaries. In addition variable remuneration for 2016 amounted to SEK 4,848 thousand (5,920) and provision for LTI-program amounted to SEK 2,897 thousand (1,861), which will be placed in pension savings connected to the Peab share.
Pension premiums paid for other senior officers amounted to SEK 6,424 thousand (6,768) during the year.
Pension commitment for the other senior officers give them the right to pension from the age of 62. Annual pension premiums of 47 percent of basic salary are paid for this commitment. These pensions are part of defined contribution plans.
Notice on the part of Peab is twelve months with a reduction for any salary from a new employer. Severance pay consisting of twelve months salary is paid out upon termination of employment. Notice on the part of the other senior officers is six months combined with severance pay consisting of six months salary.