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Former Lundbeck chief bagged multimillions in 2014

Former Lundbeck CEO Ulf Wiinberg received a golden handshake of DKK 17.7 million on top of his sizeable remuneration for 2014, but there was a score to be settled, meaning he did not walk away with the full amount.

Foto: Marcus Trappaud Bjørn

Former CEO in Lundbeck, Ulf Wiinberg, might have been handed severance pay of DKK 17.7 million when he left the Danish drug group, but the DKK 18.2 million he was set to receive in remuneration for the fiscal year 2014 were cut by DKK 13.9 million, Lundbeck’s annual report shows.

The amount of nearly DKK 14 million has "been taken to income as the rights to share-based payments included in the remuneration have not vested", Lundbeck writes. It means total payments from Lundbeck to Ulf Wiinberg come to DKK 22 million.

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