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

Remuneration – Executive Management

The members of the registered Executive Management participate in a short-term incentive programme that provides an annual bonus for the achievement of pre-determined targets. The CEO is entitled to receive a maximum of 14 months’ worth of fixed salary in bonus in case of exceptional performance, subject to the 2019 Annual General Meeting’s approval of amended remuneration guidelines for Lundbeck. The other members of the registered Executive Management may receive up to six months’ base salary as a bonus on condition of achievement of exceptional results.


  2018 DKKm 2017 DKKm
Short-term staff benefits 81 78
Retirement benefits 10 9
Other social security costs 1 -
Equity- and cash-settled incentive programmes 10 9
Total 102 96

1) Executives are persons who report directly to the registered Executive Management. 

Executive management

2018 DKKm

Deborah Dunsire President & CEO1,2

Lars Bang
Executive Vice President, Product 
Development & Supply

Anders Götzsche
Executive Vice President, CFO3 

Jacob Tolstrup
Executive Vice President, Commercial Operations

Anders Gersel Pedersen
Executive Vice President, R&D


Salary 3.4 3.8 5.9 3.7 4.3 21.1
Cash bonus 3.3 1.8 3.8 1.8 2.0 12.7
Pension - 1.0 1.5 1.0 1.1 4.6
Other benefits - 0.2 0.2 0.2 0.2 0.8
Equity- and cash-settled 
0.2 1.7 0.9 1.1 (0.4) 3.5
Retirement package - - - - 9.8 9.8
Total 6.9 8.5 12.3 7.8 17.0 52.5

1) Deborah Dunsire joined H. Lundbeck A/S in September 2018.
2) It has been agreed that Lundbeck may pay a compensation as a result of differences between US and Danish private investment income taxation. The salary for 2018 did not include any compensation for tax on private investment income.

3) Anders Götzsche was interim CEO until the end of August 2018.

Remuneration – Board of Directors

The total remuneration of the Board of Directors for 2018 amounted to DKK 6.0 million (DKK 5.3 million in 2017). The amount includes fees for participation in the Audit Committee of DKK 0.7 million (DKK 0.7 million in 2017), the Remuneration Committee of DKK 0.5 million (DKK 0.6 million in 2017) and the Scientific Committee of DKK 0.7 million (DKK 0.4 million in 2017). The remuneration for 2018 is consistent with the remuneration presented at the Annual General Meeting held on 20 March 2018.

The members of the Board of Directors held a total of 43,813 Lundbeck shares at 31 December 2018 (44,328 shares in 2017).

The total remuneration of the chairman of the Board of Directors amounted to DKK 1.6 million (DKK 1.5 million in 2017). The total remuneration of the deputy chairman of the Board of Directors amounted to DKK 1.1 million (DKK 1.0 million in 2017). These amounts include fees for participation in Board committees.

Cookie Policy
You have chosen to leave Lundbeck does not have any responsibility for the content provided by other websites. Click "OK" to continue or "Cancel" to remain on