New Estonian governor sees pay scheme altered

bank-of-estonia

Ardo Hansson, who will become governor of the Bank of Estonia on June 7, will have his wages set using a simpler pay structure, the central bank revealed on March 27.

The Supervisory Board of the central bank decided Hansson's salary would be set at €8,100 ($10,775) a month. This is higher than the basic wage currently being paid to the current governor, Andres Lipstok, a point the board was quick to clarify.

"The size of the remuneration is the same compared to Andres Lipstok, but we have

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