Brief: Elior Group's Chairman And CEO Reduces Elements Of His Compensation

Elior SA

26/04/2023 17:17

April 26 (Reuters) - Elior Group SA  ELIOR.PA :
    * ELIOR GROUP'S CHAIRMAN AND CEO REDUCES IMPORTANT ELEMENTS
OF HIS
COMPENSATION
    * TO CONTRIBUTE TO COLLECTIVE EFFORT TO RESTORE OPERATING
MARGINS
    * TO HIGHLIGHT ALIGNMENT OF MY EXECUTIVE DECISIONS WITH MY
INTERESTS AS LARGEST SHAREHOLDER, FOR BENEFIT OF ALL
STAKEHOLDERS
    * SURRENDER OF THE FIXED COMPENSATION OF 900,000 EUROS GROSS
    * CAPPING OF SHORT-TERM VARIABLE COMPENSATION AT 500,000
EUROS
GROSS IN THE EVENT OF ACHIEVEMENT OF THE TARGET PERFORMANCE
CRITERIA, AND AT 750,000 EUROS GROSS IN THE EVENT OF
OUTPERFORMANCE
    * CAPPING OF LONG-TERM VARIABLE COMPENSATION AT 750,000
EUROS
GROSS IN THE EVENT OF ACHIEVEMENT OF THE TARGET PERFORMANCE
CRITERIA, AND AT 1,000,000 EUROS GROSS IN THE EVENT OF
OUTPERFORMANCE
    * SURRENDER OF THE TERMINATION ALLOWANCES
    * SURRENDER OF THE COMPENSATION FOR THE POSITION OF DIRECTOR

Source text for Eikon:  ID:nBw3JsnxSa 
Further company coverage:  ELIOR.PA 

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