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ATP objects to Maersk chair's DKK 7 million wage

An EUR 937,000 (DKK 7 million) pay packet is unjustifiably high for the job of chairman of Maersk, says pension fund ATP.

Jim Hagermann Snabe is chairman of the board at A.P.Møller-Maersk. Photo: Niels Hougaard/ERH

In 2019, Jim Hagermann Snabe was paid EUR 937,000 (DKK 7 million) for his role as chairman of the board at A.P. Møller-Maersk.

ATP says that this is above the normal pay level that chairmen of Nordic boards receive and is unjustifiably high - leading them to vote against it at Monday's AGM, Finans reports.

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