2013-02-14 09:02:59 -
Stonesoft Corporation Stock Exchange Release February 14, 2013 at 9:58 a.m.
Compensation of CEO Ilkka Hiidenheimo
Since August 2004 Mr. Ilkka Hiidenheimo, the founder and one of the major
shareholders of Stonesoft Corporation, has acted as a Chief Executive Officer
(CEO) of the Company. Pursuant to the now expired service terms Mr. Hiidenheimo
has committed not to receive any compensation for his duties until the company
As the fundamentals for the CEO's service agreement have changed, the Board of
Directors of Stonesoft Corporation and CEO Ilkka Hiidenheimo have negotiated and
agreed on the compensation. Pursuant to the revised CEO's service agreement Mr.
Hiidenheimo is entitled to an annual salary of EUR 252.000 when the target net
sales for the year 2013 is reached. The salary comprises of a fixed
variable part. Additional information of the CEO's remuneration and the main
principles thereof are available in the updated remuneration statement at the
company's investor relations pages. (www.stonesoft.com)
Board of Directors
NASDAQ OMX Helsinki Ltd
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Source: Stonesoft Oyj via Thomson Reuters ONE