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4. Personnel expenses

EUR 1,000     2020 2019
Wages and salaries     -6,363 -6,953
Pension expenses     -551 -550
Other personnel expenses     -775 -338
Personnel expenses total     -7,689 -7,840
         
Average number of employees during the period     2020 2019
Management and administration     10 10
Other personnel     29 30
Total average number of employees     39 40
         
Salaries, fees, remunerations and pensions to the management
EUR 1,000 Salaries,
fees, remunerations
2020
Salaries,
fees, remunerations
2019
Obligatory pension expenses 2020 Obligatory pension expenses 2019
Padma Ravichander, CEO as from 18 April 2016 2,584 431    
         
Members of the Board of Directors:        
Neil Macleod, Chairman of the Board 24.9.2018- 64 55    
Jyoti Desai, Vice Chairman of the Board 24.9.2018- 42 38    
Conrad Neil Phoenix 24.9.2018- 32 28    
Anders Fernander 5.9.2019- 30 9    
Markku Wilenius 10.9.2020- 9      
Kaj Hagros 15.5.2019 - 10.9.2020 20 19   5
Priyesh Ranjan 24.9.2018 - 1.7.2019   16    
Harri Koponen 2008 - 15.5.2019   23   6
Christer Sumelius 2001 - 15.5.2019   13    
Pentti Heikkinen 2009 - 15.5.2019   13   3
Total 195 646 0 14
 
The pension benefits of the members of Board of Directors are determined by the Finnish Employees Pensions Act (Tyel). The members of Board of Directors have no additional pension arrangements.
The CEO has a CEO contract, which is made according to Finnish law. The CEO is responsible for tax and other compulsory payments.
Share-based incentive scheme
Tecnotree group has an employee incentive program for 2020 -2022 designed to align the participants' focus with Tecnotree’s growth strategy and long-term success. The LTI Plan includes Restricted Share Units (RSUs) giving a contractual right to receive shares over the next 3 year period as per an equated semi-annual vesting schedule. More details on the incentive scheme in note 5 in the consolidated financial statements.