AB-InBev rewards chairman with higher remuneration
Ahead of AB-InBev’s Annual General Meeting on 25 April 2018, the Frenchman Olivier Goudet, who is chairman of AB-InBev, sees his fixed remuneration increase by a quarter, the Flemish newspaper De Tijd reported on 23 March 2018. In addition, he can count on more stock options.
The name of Olivier Goudet may ring a bell to only few, but the man also heads one of the world's most secretive investment funds in the consumer goods sector. He is CEO of JAB Holding Company, which is owned by the German Reimann family and serves as the family’s umbrella for a group of companies, including Reckitt Benckiser, Jacobs Douwe Egberts and Bally.
On the sidelines there are links between JAB and AB-InBev as AB-InBev’s strongman and shareholder Alexandre Van Damme is a Non-Executive Director
at D.E Master Blenders, according to Bloomberg data.
This may explain the presence of Mr Goudet on the Board of Directors of AB-InBev.
For the mandate with the Belgian-Brazilian group, Mr Goudet can count on a higher remuneration if the AGM follows the proposals of the Board of Directors within a month.
It has been proposed that Mr Goudet’s fixed annual remuneration shall rise from EUR 150,000 to EUR 187,500 (USD 230,000). That is 2.5 times more than what most other directors receive. In addition, the chairman can also count on more stock options: the number shall increase from 30,000 to 37,500.
For the other directors, it is again EUR 75,000 and 15,000 stock options, although the chairman of the audit committee can count on 25,500 options. After ten board meetings, the directors also receive an additional remuneration of EUR 1,500 per meeting.
