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Members of the Executive Board and
Supervisory Board remunerated by Eurazeo
Bruno Keller, Chairman of the Executive Board of ANF and Patrick
Sayer and Philippe Audouin, respectively, Vice-Chairman and
member of the Supervisory Board of ANF are also members of the
Executive Board of Eurazeo.
Members of the Executive Board of Eurazeo are remunerated
on an individual basis. The variable portion of compensation is
determined by the Compensation and Appointments Committee
based on the successful achievement of qualitative and quantitative
objectives. The Compensation and Appointments Committee met
on November 17, 2009 and proposed the 2010 fi xed compensation
for the members of the Executive Board to the Supervisory
Board meeting of December 3, 2009, which approved them. The
Compensation and Appointments Committee met on March 10,
2010 and proposed the 2010 variable compensation for the
members of the Executive Board to the Supervisory Board meeting
of March 19, 2010, which approved them.
At its meeting on December 9, 2008, the Supervisory Board of
Eurazeo reviewed the AFEP/MEDEF recommendations issued in
INFORMATION ABOUT ANF
Corporate governance
October 2008 on the compensation of the executive corporate
offi cers of listed companies. These recommendations are part of
Eurazeo’s corporate governance policy, which was implemented
long ago.
In exchange for the services provided in carrying out their duties,
members of the Executive Board, as well as non-Board senior
executives of Eurazeo, have an additional defi ned retirement fund, in
order to provide them with complementary retirement compensation.
This additional retirement is based on their compensation and their
seniority at the time they retire.
The members of the Executive Board were granted this benefi t
under the same terms as non-Board member executives.
In the event of forced termination of their functions, prior to a 4-year
period as of the date they are appointed to the Executive Board by
the Supervisory Board meeting of March 19, 2010, they receive an
allowance representing respectively two years of compensation for
Patrick Sayer and 18 months for Bruno Keller and Philippe Audouin.
Payment of such allowances is subject to the relevant party’s
performance criteria.
TABLE 1A: SUMMARY OF COMPENSATION, STOCK OPTIONS AND SHARES ALLOCATED BY EURAZEO TO EACH EXECUTIVE
CORPORATE OFFICER
Bruno Keller, Chairman of the Executive Board
(€)
2008 fi scal year 2009 fi scal year
Compensation due for the fi scal year (breakdown in Table 2) 805,130 926,250
Valuation of stock options allocated for the fi scal year (breakdown in Table 4) 384,062 74,520
Valuation of performance shares allocated for the fi scal year - -
Valuation of bonus shares allocated during the fi scal year 2,468 77,466
TOTAL 1,191,660 1,078,236
Patrick Sayer, Vice-Chairman of the Supervisory Board
(€)
2008 fi scal year 2009 fi scal year
Compensation due for the fi scal year (breakdown in Table 2) 1,311,717 1,555,493
Valuation of stock options allocated for the fi scal year (breakdown in Table 4) 2,399,908 908,350
Valuation of performance shares allocated for the fi scal year - -
Valuation of bonus shares allocated during the fi scal year 2,468 2,337
TOTAL 3,714,093 2,466,181
Philippe Audouin, Member of the Supervisory Board
(€)
2008 fi scal year 2009 fi scal year
Compensation due for the fi scal year (breakdown in Table 2) 516,077 667,710
Valuation of stock options allocated for the fi scal year (breakdown in Table 4) 511,120 198,945
Valuation of performance shares allocated for the fi scal year - -
Valuation of bonus shares allocated during the fi scal year 2,468 2,337
TOTAL 1,029,665 868,992
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Contents
ANF • 2009 ANNUAL REPORT
61
OTHER GENERAL GENERAL INFORMATION PRO FORMA FINANCIAL INFORMATION ANNUAL ANNUAL FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL FINANCIAL STATEMENTS INFORMATION ABOUT ANF DESCRIPTION OF THE BUSINESS