Compensation of CEO Ilkka Hiidenheimo
Comunicato Precedente
Comunicato Successivo
Stonesoft Corporation Stock Exchange Release February 14, 2013 at 9:58 a.m.
Compensation of CEO Ilkka Hiidenheimo
Since August 2004 Mr. Ilkka Hiidenheimo, the founder and one of the major shareholders of Stonesoft Corporation, has acted as a Chief Executive Officer (CEO) of the Company. Pursuant to the now expired service terms Mr. Hiidenheimo has committed not to receive any compensation for his duties until the company is profitable.
As the fundamentals for the CEO's service agreement have changed, the Board of Directors of Stonesoft Corporation and CEO Ilkka Hiidenheimo have negotiated and agreed on the compensation. Pursuant to the revised CEO's service agreement Mr. Hiidenheimo is entitled to an annual salary of EUR 252.000 when the target net sales for the year 2013 is reached. The salary comprises of a fixed and a variable part. Additional information of the CEO's remuneration and the main principles thereof are available in the updated remuneration statement at the company's investor relations pages. (www.stonesoft.com)
Stonesoft Corporation
Board of Directors
Distribution:
NASDAQ OMX Helsinki Ltd
www.stonesoft.com
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