Nokia 2013 Annual Report Download - page 87

85
2013 2012 2011
Gross Shares Gross Shares Gross Shares
annual fee 1 received annual fee 1 received annual fee 1 received
Board of Directors EUR EUR EUR
Risto Siilasmaa
Chairman as from May3, 2012 2 440000 77217 440000 70575 155000 10428
Jorma Ollila
Chairman until May3, 2012 3 — — — — 440 000 29 604
Dame Marjorie Scardino
Vice Chairman until May7, 2013 4 — — 150 000 24 062 150 000 10 092
Jouko Karvinen
Vice Chairman from May7, 2013 5 175 000 14 374 155 000 24 860 140 000 9 419
Bruce Brown 130 000 10 678 130 000 20 850 — —
Elisabeth Doherty 6 140 000 11 499 — — — —
Stephen Elop 7 — — — — — —
Bengt Holmström — — — — 130 000 8 746
Henning Kagermann 8 155 000 12 731 155 000 24 860 155 000 10 428
Per Karlsson — — — — 130 000 8 746
Helge Lund 130 000 10 678 130 000 20 850 130 000 8 746
Isabel Marey-Semper 9 — — 140 000 22 454 140 000 9 419
Mårten Mickos 130 000 10 678 130 000 20 850 — —
Elizabeth Nelson 10 140 000 11 499 140 000 22 454 — —
Kari Stadigh 130 000 10 678 130 000 20 850 130 000 8 746
NOTES TO THE FINANCIAL STATEMENTS OF THE PARENT COMPANY
Termination benefi ts of the President and CEO
Mr. Elop’s employment contract was amended eff ective as of
September , , as a result of entering into a transaction
with Microsoft for the Sale of D&S Business. Under the terms of
the amendment, Mr. Elop resigned from his position as Presi-
dent and CEO as of September ,  and assumed the role of
Executive Vice President, Devices & Services. He also resigned
from his position as a member of Board of Directors as of the
same date. After the closing of the Sale of D&S Business, he
transferred to Microsoft as agreed with Microsoft. In accord-
ance with his service contract he received a severance pay-
ment of EUR . million in total. This amount included: base
salary and management incentive EUR . million and value
of equity awards EUR . million. The amount of the equity
awards was based on the Nokia closing share price of EUR .
per share at NASDAQ OMX Helsinki on April , . Pursu-
ant to the terms of the purchase agreement with Microsoft
entered into in connection with the Sale of D&S Business, %
of the total severance payment was borne by Microsoft and
the remaining % of the severance amount (EUR . million)
was borne by Nokia.
Number of personnel
Personnel average 2013 2012
Production 209 1086
Marketing 463 763
R&D 2827 3788
Administration 1330 2379
4829 8016
Personnel, December 31 4544 5901
 Approximately % of each Board member’s gross annual fee is paid in
Nokia shares and the remaining approximately % of the gross annual
fee is paid in cash. Further, it is Nokia policy that the directors retain all
company stock received as director compensation until the end of their
board membership, subject to the need to finance any costs relating to
the acquisition of the shares, including taxes.
 The  and  fees paid to Risto Siilasmaa amounted to an annual
total of EUR   for services as Chairman of the Board. The  fee
paid to Risto Siilasmaa amounted to an annual total of EUR  , con-
sisting of a fee of EUR   for services as a member of the Board and
EUR   for services as Chairman of the Audit Committee. Siilasmaa
was also paid a fee acting as interim CEO as of September , . Fee for
his duties as interim CEO is presented under Management compensation.
 The  fee paid to Jorma Ollila amounted to an annual total of
EUR indicated for his services as Chairman of the Board.
 The  and  fees paid to Dame Marjorie Scardino amounted to an
annual total of EUR   each year indicated for services as Vice Chair-
man of the Board.
 The  fee paid to Jouko Karvinen amounted to an annual total of EUR
 , consisting of a fee of EUR   for services as a Vice Chairman
of the Board and EUR   for service as Chairman of the Audit Commit-
tee. The  fee paid to Jouko Karvinen amounted to an annual total of
EUR  , consisting of a fee of EUR   for services as a member
of the Board and EUR   for service as Chairman of the Audit Com-
mittee. The  fee paid to Jouko Karvinen amounted to an annual total
of EUR  , consisting of a fee of   for services as a member of
the Board and EUR   for services as a member of the Audit Commit-
tee.
 The  fee paid to Elizabeth Doherty amounted to total of EUR  
consisting of a fee of EUR   for services as a member of the Board
and EUR   for services as a member of the Audit Committee.
 Stephen Elop did not receive remuneration for his services as a member
of the Board. This table does not include remuneration paid to Mr. Elop for
services as the President and CEO. Stephen Elop stepped down from the
board of directors as of September , .
 The ,  and  fees paid to Henning Kagermann amounted to
an annual total of EUR   each year indicated, consisting of a fee of
EUR   for services as a member of the Board and EUR   for
services as Chairman of the Personnel Committee.
 The  and  fees paid to Isabel Marey-Semper amounted to an
annual total of EUR   each year indicated, consisting of a fee of
EUR   for services as a member of the Board and EUR   for
services as a member of the Audit Committee.
 The  and  fees paid to Elizabeth Nelson amounted to an annual
total of EUR  , consisting of a fee of EUR   for services as
a member of the Board and EUR   for services as a member of the
Audit Committee.