Investor Presentaiton
CORPORATE GOVERNANCE STATEMENT
earned in 2021. His accrued bonus for 2022 totaled EUR
465,675. The performance criteria applied to this annual
short-term incentive is based on financial, strategic and
individual performance. The bonus will be paid in 2023.
Henrik Ehrnrooth is included in the long-term share-based
incentive plan for the Group's senior management. The
maximum number of shares available for earning for the
President and CEO for the 2021 share-based incentive plan is
53,541 KONE class B shares (gross before deduction for
applicable taxes). The final outcome and any potential share
awards under the share-based incentive plan for the year
2021 will be confirmed in January 2024, depending on the
performance during the years 2021, 2022 and 2023.
The maximum number of shares available for earning for
the President and CEO for the 2022 share-based incentive
plan is 58,243 KONE class B shares (gross before deduction
for applicable taxes). The final outcome and any potential
share awards under the share-based incentive plan for the
Shareholdings of KONE Board and Management on Dec 31, 2022 and changes in shareholding during the period Jan
1-Dec 31, 2022
Alahuhta Matti
Bao Joe
Berkling Axel
Delval Hugues
Duinhoven Susan
Ehrnrooth Henrik
Frände Johannes
Halabi Samer
Hara Ilkka
Herlin Antti
Herlin liris
year 2022 will be confirmed in January 2025, depending on
the performance during the years 2022, 2023 and 2024.
The performance criteria applied to the 2021 and 2022
performance years are based on a combination of annual
sales growth and adjusted EBIT margin, as well as
improvements in sustainability. The sustainability performance
condition is a combination of reductions in carbon footprint, as
well as diversity and inclusion and safety related targets.
Henrik Ehrnrooth's holdings of shares are presented in the
adjacent table.
Henrik Ehrnrooth's retirement age and pension are
determined in accordance with Finland's Pensions Act. No
separate agreement regarding early retirement has been
made. Should his employment contract be terminated before
retirement, he has the right to the equivalent of 18 months'
salary, which includes the salary for a six-month term of
notice.
Executive Board
In 2022, KONE's Executive Board consisted of the President
and CEO and 13 members. Henrik Ehrnrooth serves as
President and CEO. The other members of the Executive
Board were Joe Bao (as of October 8, 2022), Axel Berkling,
Hugues Delval, Johannes Frände, Samer Halabi, Ilkka Hara,
Thomas Hinnerskov (until April 30, 2022), William Johnson
(until October 8, 2022), Mikko Korte, Maciej Kranz, Karla
Lindahl (as of April 1, 2022), Tomio Pihkala, Ken Schmid,
Susanne Skippari and Tricia Weener.
Compensation and other benefits of the Executive
Board
Class A share
Change
Class B shares
755,875
0
Change
+958
0
68,974
0
54,602
0
2,762
+958
385,014
0
1,303
+351
32,111
0
55,329
0
70,561,608
51,180,608
+1,231,416
136,922
+958
109,667
0
4,075
+958
67,256
0
7,063
-38,000
9,939
0
958
+958
1,581
+958
113,658
0
The members of the Executive Board are included in the
long-term share-based incentive plan for senior management.
Schmid Ken
24,516
0
Skippari Susanne
Weener Tricia
26,391
-6,507
0
0
+
More information
The shares owned by companies in which a Board or Management member exercises controlling power are also included in these shareholdings.
This statement is available on the company's web
pages at www.kone.com and it has been given
separately of the Board of Directors' report.
Herlin Jussi
Kant Ravi
Korte Mikko
Kranz Maciej
Lindahl Karla
Mikkilineni Krishna
Xin-Zhe Li Jennifer
Pihkala Tomio
The compensation for the members of the Executive Board
comprises a base salary and an annual bonus, based on
financial targets and strategy execution, as well as individual
performance. The bonus amount is determined by the
Nomination and Compensation Committee and may not
exceed 75 percent of the annual salary.
121
KONE ANNUAL REVIEW 2022View entire presentation