Carrefour: CEO Alexandre Bompard will earn at least 4.5 million euros for 2023

Carrefour: CEO Alexandre Bompard will earn at least 4.5 million euros for 2023

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His remuneration is not experiencing the crisis. The CEO of Carrefour Alexandre Bompard will receive, in continuity with previous years, at least 4.5 million euros for the year 2023, to which will be added later shares, if the general meeting gives the green light on May 26, according to an official communication consulted Tuesday.

Including fixed and variable remuneration, Alexandre Bompard, CEO of the group since July 2017received 4.43 million euros for the year 2021, 4.54 million euros for the year 2022and must receive 4.54 million euros for 2023, according to Carrefour’s universal registration document for 2023, posted online at the end of March and consulted on Tuesday.

During the general meeting of May 2023, Carrefour shareholders only approved 60.69% of the CEO’s compensation for 2022, and 56.75% for 2023. A massive protest, rare among large groups.

Sales on the rise despite inflation

At the end of February, the distributor felt that it had come out of a “difficult environment” well. high inflation in 2023with sales up 3.6% to 94.1 billion euros for net profit up sharply (+ 23%) to 1.66 billion euros.

For 2023, the CEO’s remuneration is composed of a fixed part (1.6 million euros) and a variable part (2.85 million euros), 75,000 euros of remuneration for the mandate of director and just under 17,000 euros in benefits in kind, including a company car.

To these sums is added “long-term remuneration” in the form of a “grant of performance shares, for a valuation representing 55% of the maximum overall remuneration”, or a maximum of 5.3 million euros. This, provided that “performance conditions have been achieved” and that Alexandre Bompard is present in the company on February 14, 2026.

A variable part

The financial document, first spotted by the online media The Informed, specifies that Alexandre Bompard currently holds just over one million Carrefour shares. The distributor’s shares were worth 15.875 euros at the close of trading on Thursday, valuing the whole around 16.3 million euros.

The manager’s remuneration for 2024, submitted to a vote in May, provides for an unchanged fixed part (1.6 million euros) and a variable part, subject to performance criteria, of up to 190% of this fixed part (3 .04 million euros). A long-term stock plan is also planned, amounting to “55% of the maximum total compensation”.

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