Earlier in July, it was revealed that founder and CEO Jozsef Varadi could end up with over a billion in bonuses if the board’s proposal is approved, writes E24.
The company, which has withdrawn from domestic traffic in Norway, has the Oil Fund as one of the shareholders. According to an overview from 31 December 2020, the Petroleum Fund owns 0.91 percent of the company.
– The board is responsible for attracting the right CEO and setting an appropriate remuneration, the Oil Fund writes in the rationale.
– A significant part of the annual remuneration should be given as shares that are locked for five to ten years, regardless of retirement or retirement date, it writes.
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