Remuneration for Lundbeck's Executive Management and Board of Directors.

Remuneration – Executive Management

The members of Executive Management participate in a short-term incentive programme that provides an annual bonus for the achievement of pre-determined targets of the preceding financial year.

The CEO may receive up to nine months’ base salary as a bonus on condition of achievement of exceptional results.

The other members of Executive Management may receive up to six months’ base salary as a bonus on condition of achievement of exceptional results.

In February 2016, Executive Management was increased from three to six members.

Executives*, wages and salaries, etc.

  2015 DKKm 2016 DKKm
Short-term staff benefits 51 71
Retirement benefits 8 11
Other social security costs 1 1
Share-based incentive programmes 12 6
Total 72 89

*Executives are individuals who report directly to Executive Management

Executive management

2016 DKKm

Kåre Schultz, President & CEO

Anders Götzsche, Executive Vice President, CFO Anders Gersel Pedersen, Executive Vice President, R&D Lars Bang, Executive Vice President, Supply Operations & Engineering Staffan Schüberg,
Executive Vice President, CCO
Jacob Tolstrup, Executive Vice President,
Corporate Functions
Salary 7.5 3.8 4.1 3.3 3.4 2.1
Cash bonus 5.3 1.8 1.9 1.5 1.6 0.4
Pension 1.9 1.0 1.1 0.9 0.9 0.5
Other benefits 0.3 0.2 0.2 0.2 0.2 0.2
22.8 3.9 4.2 1.1 1.5 0.7
Total 37.8 10.7 11.5 7.0 7.6 4.4

1) Kåre Schultz joined H. Lundbeck A/S in May 2015.


Remuneration – Board of Directors

The total remuneration of the Board of Directors for 2016 amounted to DKK 4.9 million (DKK 8.9 million in 2015).

The amount includes fees for participation in the Audit Committee of DKK 0.7 million (DKK 0.7 million in 2015), the Remuneration Committee of DKK 0.7 million (DKK 0.7 million in 2015) and the Scientific Committee of DKK 0.1 million (DKK 0.4 million in 2015).

The total remuneration for 2015 includes a fee of DKK 3.5 million paid to the chairman of the Board of Directors due to increased operational duties. The remuneration for 2016 is consistent with the remuneration presented at the Annual General Meeting held on 31 March 2016.

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