Remuneration

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 2017, Executive Management consisted of five members.

Wages and salaries etc.

  2017 DKKm 2016 DKKm
Short-term staff benefits 78 71
Retirement benefits 9 11
Other social security costs - 1
Equity- and cash-settled incentive programmes 9 6
Total 96 89

Executive management

2017 DKKm

Kåre Schultz, former President & CEO

Anders Götzsche, Interim CEO, Executive Vice President, CFO

Anders Gersel Pedersen, Executive Vice President, R&D

Lars Bang, 
Executive Vice President, 
SOE

Staffan Schüberg, former Executive Vice President, CCO

Jacob Tolstrup, Executive Vice President, Commercial Operations

Salary 6.3 4.3 4.2 3.8 3.9 2.6
Cash bonus 4.5 2.3 2.0 1.7 1.8 1.7
Pension 1.6 1.1 1.1 1.1 1.0 0.7
Other benefits 0.3 0.2 0.2 0.2 0.2 0.2
Equity- and cash-settled 
incentive
programmes
11.4 1.5 1.7 1.4 (0.2) 0.9
Total 24.1 9.4 9.2 8.1 6.7 6.1

1) Anders Götzsche was appointed interim CEO in November 2017
2) Kåre Schultz resigned at the end of October 2017
3) Staffan Schüberg resigned at the end of October 2017

Remuneration – Board of Directors

The total remuneration of the Board of Directors for 2017 amounted to DKK 5.3 million (DKK 4.9 million in 2016).

The amount includes fees for participation in the Audit Committee of DKK 0.7 million (DKK 0.7 million in 2016), the Remuneration Committee of DKK 0.6 million (DKK 0.7 million in 2016) and the Scientific Committee of DKK 0.4 million (DKK 0.1 million in 2016).

The remuneration for 2017 is consistent with the remuneration presented at the Annual General Meeting held on 30 March 2017

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