Compensation details
- For Fiscal 2020, annual fixed compensation theoretically attributable to the Chairwoman of the Board of Directors was 675,000 euro.
- The compensation actually paid to Sophie Bellon, Chairwoman of the Board of Directors for Fiscal 2020 was 506,250 euro due to the decision made by the Board of Directors to reduce her fixed compensation by 50% during the second half of Fiscal 2020
- The compensation of the Chairwoman of the Board of Directors will remain unchanged for Fiscal 2021 (675,000 euro).
Summary of the fixed compensation of the Chairwoman of the Board of Directors
Fiscal 2019
Compensation paid
€675,000
Fiscal 2020
Compensation paid
€506,250
Fiscal 2020
Compensation policy
€675,000
Fiscal 2021
Compensation policy
€675,000
COMPENSATION OF THE CHIEF EXECUTIVE OFFICER
The Chief Executive Officer’s compensation policy is structured to achieve a balance between long- and short-term performance in order to promote the Group’s development for the benefit of all of its stakeholders.
Compensation structure
75% SUBJECT TO PERFORMANCE CONDITIONS :
50% SHARE-BASED: LONG-TERM INCENTIVE
50% PERFORMANCE SHARES
25% NOT SUBJECT
TO PERFORMANCE
CONDITIONS:
50% CASH: ANNUAL COMPENSATION
25% FIXED
25% ANNUAL VARIABLE*
Compensation details
FIXED COMPENSATION
- The Chief Executive Officer’s annual fixed compensation, unchanged since his appointment on January 23, 2018, is 900,000 euro, reflecting the inherent responsibilities in the role.
- The fixed compensation actually paid to Chief Executive Offi cer Denis Machuel for Fiscal 2020 was 675,000 euro, due to the decision of the Board of Directors to reduce his fixed compensation for the second half of Fiscal 2020 by 50%.
- The Chief Executive Officer’s fixed compensation for Fiscal 2021 will remain unchanged (900,000 euro).