Remuneration of senior executives

By Senior Executives is meant the CEO & President and Executive Vice President level, currently seven individuals.

The remuneration shall consist of fixed salary, variable cash remuneration, pension benefits and other benefits such as a company car. The total remuneration shall be on market terms and support the interest of the shareholders by enabling the company to attract and retain senior executives.

The cash remuneration is based on financial and non-financial targets. The CEO shall receive a maximum amount of 100% of the fixed salary as variable cash remuneration and an Executive Vice President shall receive a maximum amount of 75% of the fixed salary.

Further information on executive remuneration is available in note 6 (Employees and remuneration of employees) on p. 111 in Beijer Ref’s annual report 2025. Information on the work of the remuneration committee in 2025 is set out in the corporate governance report which is available on p. 41–45 in Beijer Ref’s annual report 2025.