- 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
Summary of the fixed compensation of the Chairwoman of the Board of Directors
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.
75% SUBJECT TO PERFORMANCE CONDITIONS :
50% SHARE-BASED: LONG-TERM INCENTIVE
50% PERFORMANCE SHARES
25% NOT SUBJECT
50% CASH: ANNUAL COMPENSATION
25% ANNUAL VARIABLE*
- 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).