Hurtigruten Reports Executive Pay Cuts Up to 58 Percent for 2020

Roald Amundsen

At Hurtigruten, executives saw their compensation cut in half in 2020 over 2019, according to the company’s annual report for 2020 that was recently released. 

CEO Daniel Skjeldam received 621,000 euros in total compensation in 2020, compared to 1.5 million euros in 2019, a reduction of 58 percent.

Other executives also saw significant reductions in their compensation.

Hurtigruten also stated that due to the COVID-19 pandemic and temporary lay-offs, the company decided to cancel any bonus awards achieved in 2019 that would have been paid in 2020.

Board members received no compensation.

Cruise Industry News Email Alerts

 

 

Email Newsletter

Get the latest breaking cruise news. Sign up.

Cruise Ship Orderbook

75 Ships | 169,174 Berths | $49 Billion | View

New 2022 Annual Report

Cruise Industry News Annual Report

Highlights:

100% Overview

Capacity Data

Through 2027

Regional Data

Brand by Brand

Order Today

2022 Expedition Report

2022 Expedition Market Report Cover

Highlights:

Mkt. Overview

Supply Data

All Operators

190+ Pages

PDF Download

Order Today