The shareholders of the Carrefour group largely approved the remuneration of CEO Alexandre Bompard for 2023 and 2024 on Friday at the general meeting, with a total of favorable votes much higher than the previous year. The remuneration plan for the group’s CEO for the year 2023 has been validated by more than 70%. That for 2024, at 93.49%. At the previous general meeting, only 60.69% of shareholders approved Alexandre Bompard’s compensation in 2022, and 56.75% for 2023 compensation.
For 2023, he will receive, in continuity with previous years, at least 4.5 million euros for 2023, to which will be added up to 5.3 million euros in shares later. The manager’s remuneration for 2024 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 share plan is also planned, amounting to “55% of the maximum total remuneration”.
The distributor’s shareholders validated all the resolutions on which they had to vote, most of them very broadly. They notably approved the entry onto the board of directors of Marguerite Bérard, financial inspector who was since 2019 and until mid-March at the head of the retail activities in France of BNP Paribas, at 99.59%. They also validated the arrival as administrator of Eduardo Rossi, replacing the Brazilian billionaire Abilio Diniz, who died in mid-February, at 97.01%. Eduardo Rossi is president of Peninsula, the holding company of the Abilio Diniz family which has been Carrefour’s largest shareholder since March.
Philippe Houzé and Patricia Moulin Lemoine, representatives of the second shareholder of the distributor which is the family that owns Galeries Lafayette, notably saw their mandates as directors renewed on Friday. The general assembly was disrupted by songs, slogans, whistles and invectives emanating from around twenty CGT trade unionists. Unions are traditionally present at this annual shareholder meeting, and they have the opportunity to speak. But the CEO’s speech had not been disrupted like this in previous years.