Among other tasks, the Remuneration Committee sets salaries, variable remuneration and other 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.

During 2024, the Remuneration Committee drafted a proposal to introduce an additional long-term share-based incentive programme for key individuals at Axfood. In addition, the terms for the new President and CEO were prepared and the terms for a new member of the Executive Committee were decided. The Remuneration Committee held five meetings during the year. The committee’s members were paid a fee in accordance with the AGM’s resolution for work on the Remuneration Committee.

The members of the Remuneration Committee are Mia Brunell Livfors (Committee Chairman), Caroline Berg and Fabian Bengtsson. Axfood’s President and CEO is a co-opted member of the Remuneration Committee, and Axfood’s Head of Human Resources is committee secretary.