President & CEO and Deputy CEO
Finnair Plc has a President & CEO, whose task is to manage the company's operations according to guidelines and instructions issued by the Board of Directors. The Board of Directors appoints and dismisses the President & CEO and decides on his/her terms of employment. The Board of Directors also appoints and dismisses the deputy to the Chief Executive Officer. Finnair Plc's President & CEO is Keijo Suila and its Deputy CEO is Henrik Arle, EVP Scheduled Passenger Traffic.
President & CEO Keijo Suila was paid a total of 560,104 euros in salary, bonuses and fringe benefits in 2003. Deputy CEO Henrik Arle was paid a total of 215,856 euros in salary, bonuses and fringe benefits in 2003.
The President & CEO and the Deputy CEO have the right to retire at the 60 years of age on a full pension of 60 per cent of pensionable salary. The President & CEO's and the Deputy CEO's contracts may be terminated with a period of notice of six months. In addition to salary for the period of notice, they are entitled to severance compensation equivalent to 12 months' salary if the contract is terminated for reasons independent of them. |