Remuneration Committee
The Board has a Remuneration Committee to deal with remuneration matters.
Among other tasks, the Remuneration Committee sets salaries, variable remuneration and other overall terms of employment for members of Axfood’s Executive Committee. However, the terms for the President and CEO are decided on by the Board as a whole based on a recommendation by the Remuneration Committee. The Remuneration Committee is responsible for monitoring and evaluating the application of the guidelines for remuneration to senior executives adopted by the AGM. The Remuneration Committee is also responsible for drafting proposals for any share-based incentive programmes, deciding who shall be invited to participate in these and making proposals to the Board on decisions to allot shares in such incentive programmes. The committee is also tasked with monitoring and evaluating variable remuneration programmes for senior executives. Early on every year, the Remuneration Committee sets the targets to apply for variable remuneration for members of the Executive Committee, excluding the President and CEO.
As of the start of 2025, the members of the Remuneration Committee were Thomas Ekman (Committee Chairman), Caroline Berg and Fabian Bengtsson. As of the AGM 2025, Thomas Ekman was replaced by Mia Brunell Livfors (Chairman). Axfood’s President and CEO is a co-opted member of the Remuneration Committee, and Axfood’s Head of Human Resources is committee secretary. During the year, the Remuneration Committee drafted a proposal to introduce an additional long-term share-based incentive programme for key individuals at Axfood. The Remuneration Committee held four meetings in 2025, and fees were paid in accordance with the AGM’s resolution.
