Outokumpu Oyj Management

Management criteria checks 4/4

Outokumpu Oyj's CEO is Heikki Malinen, appointed in May 2020, has a tenure of 2.42 years. total yearly compensation is €795.84K, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.01% of the company’s shares, worth €172.72K. The average tenure of the management team and the board of directors is 3 years and 3.6 years respectively.

Key information

Heikki Malinen

Chief executive officer

€795.8k

Total compensation

CEO salary percentage	100.0%
CEO tenure	2.4yrs
CEO ownership	0.01%
Management average tenure	3yrs
Board average tenure	3.6yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Heikki Malinen's remuneration changed compared to Outokumpu Oyj's earnings?
Date	Total Compensation	Salary	Company Earnings
Jun 30 2022	n/a	n/a	€977m
Mar 31 2022	n/a	n/a	€722m
Dec 31 2021	€796k	€796k	€553m
Sep 30 2021	n/a	n/a	€356m
Jun 30 2021	n/a	n/a	€111m
Mar 31 2021	n/a	n/a	-€56m
Dec 31 2020	€785k	€487k	-€116m
Sep 30 2020	n/a	n/a	-€93m
Jun 30 2020	n/a	n/a	-€57m
Mar 31 2020	n/a	n/a	-€14m
Dec 31 2019	n/a	n/a	-€75m
Sep 30 2019	n/a	n/a	-€33m
Jun 30 2019	n/a	n/a	€23m
Mar 31 2019	n/a	n/a	€42m
Dec 31 2018	€77k	n/a	€130m
Sep 30 2018	n/a	n/a	€231m
Jun 30 2018	n/a	n/a	€175m
Mar 31 2018	n/a	n/a	€259m
Dec 31 2017	€68k	n/a	€392m
Sep 30 2017	n/a	n/a	€456m
Jun 30 2017	n/a	n/a	€496m
Mar 31 2017	n/a	n/a	€367m
Dec 31 2016	€70k	n/a	€144m
Sep 30 2016	n/a	n/a	€262m
Jun 30 2016	n/a	n/a	€138m
Mar 31 2016	n/a	n/a	€98m
Dec 31 2015	€73k	n/a	€96m

Compensation vs Market: Heikki's total compensation ($USD778.56K) is below average for companies of similar size in the German market ($USD1.62M).

Compensation vs Earnings: Heikki's compensation has been consistent with company performance over the past year.

CEO

Heikki Malinen (60 yo)

2.4yrs

Tenure

€795,840

Compensation

Mr. Heikki Malinen, M.Sc (Econ.), MBA (Harvard), has been President and Chief Executive Officer of Outokumpu Oyj since May 15, 2020 and is responsible for Group management, legal and compliance, safety and...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Heikki Malinen	President & CEO	2.4yrs	€795.84k	0.010% € 172.7k
Pia Aaltonen-Forsell	Chief Financial Officer	3.6yrs	no data	0.0024% € 41.6k
Stefan Erdmann	CTO & Group Sustainability Officer	2yrs	no data	0.0088% € 152.1k
Linda Hakkila	Head of Investor Relations	no data	no data	no data
Matti Louhija	Senior VP of Corporate & General Counsel	no data	no data	no data
Anna-Maija Heinonen	Head of Compliance	no data	no data	no data
Paivi Allenius	Vice President of Communications	no data	no data	no data
Johann Steiner	Chief Human Resources Officer	6.8yrs	no data	0.034% € 590.8k
Juha Ylimaunu	Head of Sustainability & Environment and Senior Vice President of Environment & Quality	no data	no data	no data
Tamara Weinert	President of Business Area Americas	2yrs	no data	0.0067% € 115.8k
Jose Salas	Head of Mexinox	7.3yrs	no data	no data
Pekka Pajamo	CFO of Varma Mutual Pension Insurance Company	no data	no data	no data

3.0yrs

Average Tenure

56.5yo

Average Age

Experienced Management: OUTA's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Kari Alpo Jordan	Independent Chairman of the Board	4.6yrs	€175.60k	0.066% € 1.1m
Pierre Vareille	Independent Director	4.6yrs	€84.90k	0.011% € 191.6k
Vesa-Pekka Takala	Independent Director	3.6yrs	€83.10k	0.0080% € 138.5k
Heinz Fuhrmann	Independent Director	1.6yrs	€77.70k	0.0012% € 21.3k
Paivi Luostarinen	Independent Director	1.6yrs	€79.50k	0.0012% € 21.3k
Kati Horst	Independent Vice Chairman of the Board	6.5yrs	€83.70k	0.0088% € 150.5k
Petter Söderström	Independent Director	less than a year	no data	no data
Julia Woodhouse	Independent Director	3.6yrs	€92.50k	0.0056% € 96.7k

3.6yrs

Average Tenure

64.5yo

Average Age

Experienced Board: OUTA's board of directors are considered experienced (3.6 years average tenure).

Outokumpu Oyj Management

Management criteria checks 4/4

Key information

Recent management updates

Outokumpu Oyj Announces Resignation of Heikki Malinen as President

Outokumpu Corporation Appoints Marc-Simon Schaar as CFO, effective June 1, 2024

Outokumpu Oyj Announces Resignation of Pia Aaltonen-Forsell as Chief Financial Officer

Outokumpu Oyj Announces Board Appointments

Outokumpu Oyj Appoints Marc-Simon Schaar as Chief Procurement Officer and Member of Outokumpu Leadership Team

Outokumpu Oyj Appoints Marc-Simon Schaar as Chief Procurement Officer

Recent updates

Outokumpu Oyj Announces Resignation of Heikki Malinen as President

Outokumpu Corporation Appoints Marc-Simon Schaar as CFO, effective June 1, 2024

Outokumpu Oyj Announces Resignation of Pia Aaltonen-Forsell as Chief Financial Officer

Outokumpu Oyj Announces Board Appointments

Outokumpu Oyj Approves Dividend for the Financial Year Ended December 31, 2023, Payable on April 15, 2024

Outokumpu Oyj Proposes Dividend for the Financial Year Ended December 31, 2023, Payable on April 15, 2024

Outokumpu Oyj (HLSE:OUT1V) acquired 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH.

Outokumpu Oyj to Report Nine Months, 2024 Results on Oct 30, 2024

Outokumpu Oyj (HLSE:OUT1V) commences an Equity Buyback Plan for 45,000,000 shares, representing 9.85% of its issued share capital, under the authorization approved on March 30, 2023.

Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 20% stake in Envigas AB.

Outokumpu Oyj Provides Operating Guidance for the Fourth Quarter of 2023

Outokumpu Oyj (HLSE:OUT1V) signed an agreement to acquire 10% stake in Cronimet North-East GMBH from CRONIMET Holding GmbH.

Outokumpu Oyj Appoints Marc-Simon Schaar as Chief Procurement Officer and Member of Outokumpu Leadership Team

Outokumpu Oyj Appoints Marc-Simon Schaar as Chief Procurement Officer

Outokumpu Oyj (HLSE:OUT1V) agreed to acquire 9.9% stake in FPX Nickel Corp. (TSXV:FPX) for €11 million.

Outokumpu Proposes Special Dividend for the Year Ended December 31, 2022, Payable on April 12, 2023

Outokumpu Oyj to Report First Half, 2023 Results on Aug 03, 2023

Outokumpu Oyj Announces Board Changes

Outokumpu Oyj (HLSE:OUT1V) commences an Equity Buyback Plan for 45,000,000 shares, representing 9.85% of its issued share capital, under the authorization approved on March 31, 2022.

Outokumpu Oyj Provides Earnings Guidance for the Fourth Quarter of 2022

Outokumpu Oyj Announces the Composition of the Shareholders' Nomination Board

Marcegaglia Steel S.P.A. signed an agreement to acquire Long Products Business of Outokumpu from Outokumpu Oyj (HLSE:OUT1V) for € 228 million.

Investor sentiment deteriorated over the past week

Roba Holding B.V. agreed to acquire Plate Service Center in Aalten from Outokumpu Oyj (HLSE:OUT1V).

Investor sentiment deteriorated over the past week

First quarter 2022 earnings released: EPS: €0.55 (vs €0.20 in 1Q 2021)

Outokumpu Oyj Announces Appointment of Two Permanent Committees, Audit Committee and Remuneration Committee

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Outokumpu Oyj Proposes Dividend for Year Ended December 31, 2021, Payable on April 11, 2022

Outokumpu Oyj Proposes Dividend for Year 2021

Now 24% undervalued

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age