The Volvo boss bonus: 27 million

As of the final quarterly financial report for the years 2019 came in at the end of January, AB Volvo, president and ceo, Martin Lundstedt is satisfied. the C

The Volvo boss bonus: 27 million

As of the final quarterly financial report for the years 2019 came in at the end of January, AB Volvo, president and ceo, Martin Lundstedt is satisfied.

the Company had during the year, the selling of 432 billion sek, which was an increase of 11 percent from the year before, which landed at around 40 million.

And that meant that the president had a few bucks in the bonus game.

According to the report the annual report has been Lundstedt sek 14.9 million in salary, type GP, which represents an increase of close to 350 000 from the previous year.
Martin Lundstedt, president and chief executive officer of AB Volvo (publ).Photo by: < / b>, MIKAEL PERSSON and SPA , Lundstedt: ”the Result of the hard work”
in Addition to this, he also received a bonus of eur 13.1 million. In addition to this, the president, with the two bonus programs: one of which is performance-based and long-term programmes in which the bonus money is shared out has to be purchased, shares of the. In the latter, the system had to Lundstedt for the last year, with 13.8 million euros. This means that the ceo's bonus, year-on-year lands on the 27th of millions of dollars.

chief executive Martin Lundstedt said in a written comment to the GP that 2019 was a very successful year, with a focus on investing for the future.

" This is the result of the hard work of the entire group, and I would like to say a big thank you to all my colleagues for their efforts. It was also a year that truly put the focus on the importance of delivering a high level of profitability and, at the same time, investing for the future and the technologies that are changing our industry, writes Martin Lundstedt in an interview with the GP.

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Updated Date: 27 February 2020, 03:00

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