Remuneration for Group Management

The objective of the principles of remuneration for Group Management is to ensure that the SKF Group can attract and retain the best people in order to contribute to the SKF Group’s mission and business strategy, its long-term interests and sustainability. Remuneration for Group Management shall be based on market competitive conditions and at the same time support the shareholders’ best interests.

The total remuneration package for a Group Management member consists primarily of the following components: fixed salary, variable salary, pension benefits, conditions for notice of termination and severance pay, and other benefits such as a company car. The components shall create a well-balanced remuneration reflecting individual performance and responsibility as well as the SKF Group's overall performance.

At the Annual General Meeting 2022 it was resolved to adopt the following principles of remuneration for Group Management in accordance with the Board's proposal.


At the Annual General Meeting 2024 it was resolved to approve the Board of Directors’ remuneration report. 


Previous Remuneration reports

SKF's Performance Share Programmes

At the Annual General Meeting in 2008 the SKF Group introduced a long-term performance share programme for senior managers and key employees (SKF’s Performance Share Programme 2008).

Since 2008 the Annual General Meeting has resolved each year upon a performance share programme. The Performance Share Programmes 2008-2020 are completed. The outstanding programmes are listed below. For further details click on the links at the bottom of this page. 

  • SKF's Performance Share Programme 2021: Allotment of shares may be made following the expiry of the three year calculation period, i.e. during 2024, if all the conditions of the programme are met.
  • SKF's Performance Share Programme 2022: Allotment of shares may be made following the expiry of the three year calculation period, i.e. during 2025, if all the conditions of the programme are met.
  • SKF's Performance Share Programme 2023: Allotment of shares may be made following the expiry of the three year calculation period, i.e. during 2026, if all the conditions of the programme are met.

Fees to the Board of Directors

The Chairman of the Board and the Board members are remunerated in accordance with the decision taken at the Annual General Meeting. At the Annual General Meeting held in 2023 it was decided that the Board be entitled to a fixed allotment and an allotment for committee work in accordance with the Board of Directors' proposal.