Citycon's board resolves on the long-term incentive plan for incoming CEO.
NORDIC BUSINESS REPORT-December 13, 2018-Citycon's board resolves on the long-term incentive plan for incoming CEO
(C)2018 M2 COMMUNICATIONS http://www.m2.com
Citycon Oyj (HEL:CTY1S) announced on Wednesday the approval by its board of directors of a new Restricted Share Plan 2018--2021 for Citycon's incoming CEO, F. Scott Ball.
Ball will commence his appointment as CEO on 1 January 2019.
Reportedly, the aim of the new plan is to combine the objectives of the shareholders and the incoming CEO in order to increase the value of the company in the long-term, to retain the CEO at the company, as well as to offer him a competitive reward plan based on receiving and accumulating the company's shares.
This new CEO Restricted Share Plan 2018--2021 includes three vesting periods ending on 15 November 2019, 2020 or 2021. The rewards to be paid on the basis...
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