Remuneration of senior executives

TOMRA's guidelines for remuneration to its senior executives was approved in the TOMRA Annual General Meeting held on April 25, 2024. The guidelines are made in accordance with the Norwegian Public Limited Liability Companies Act Section 6-16a and related regulations.

The term “senior executives” applies to the CEO and other members of the Executive Leadership Team (ELT). The guidelines should apply to contractual remuneration and changes made to already agreed remuneration.

The Board has appointed a Compensation and Organizational Development Committee (CODC), headed by the Board Chair, to monitor decisions on matters regarding remuneration, terms and conditions for senior executives.

The purpose of this policy is to ensure the integrity of the executive compensation structure through a common method for addressing executive compensation. A successful implementation of TOMRA’s business strategy and the protection of TOMRA’s long-term interests, including its sustainability, requires that the company can attract and retain great leaders.

The Board of Directors may, based upon recommendation from the CODC, decide to temporarily deviate from the guidelines in full or in part if there are grounds for such a decision on a case-by-case basis and a deviation is necessary to ensure TOMRA’s long-term interests, including its sustainability, or to ensure the Company’s economic viability.

Deviation from the Remuneration Policy (link is provided below) shall be reported in the Remuneration Report for the relevant year.