The tanker owner paid Noren SEK 10.44m ($1.59m) in 2013, up from SEK 5.26m in the previous 12 months.

Noren, who has been replaced by Kim Ullman, was paid SEK 2.64m as a base salary, a figure which was topped up by SEK 6.08m in “variable pay”, the company’s annual report showed.

The CEO’s variable remuneration includes a severance payment of SEK 5.4m,