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ICA’s former CEO may be paid Skr14 million in final salary
Tuesday, 20 March 2012
ICA Group's outgoing CEO Kenneth Bengtsson, who is also chairman of the
Confederation of Swedish Enterprise, was last year paid total
compensation of Skr30 million, compared with Skr14 million the year
The amount includes a "final salary" of Skr14 million to Bengtsson,
whose service was terminated May 31. "Final salary includes, among
other things, compensation for competition clause, which runs through
2014,”according to ICA’s annual report.
"This means that Kenneth could not work in businesses that compete with
Ica in that period, "says Staffan Ekengren, Press Officer of Ica, about
the non-compete clause.
Bengtsson's compensation includes also bonus salary of Skr7 million, unchanged from the year before.
The annual report is also that the Board of ICA AB, "considered the
succession process." But this should, according Ekengren, mot meant
that that Kenneth Bengtsson will not go into voluntary retirement:
"It's Kenneth himself who chose to quit. "
Bengtsson has been CEO of the ICA Group for eleven years and is
succeeded by Per Strömberg, coming from the managing directorship of
By Scancomark.se Team
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