SUMMARY TABLE OF THE COMPONENTS OF REMUNERATION PAID IN 2024 OR ALLOCATED FOR THAT YEAR TO JEAN‑PAUL AGON, CHAIRMAN OF THE BOARD OF DIRECTORS
| Remuneration components submitted for a vote | Amounts allocated for the 2024 financial year or accounting valuation | Amounts paid in 2024 or accounting valuation | Description |
|---|---|---|---|
| Fixed remuneration |
Fixed remunerationAmounts allocated for the 2024 financial year or accounting valuation €1,166,667 |
Fixed remunerationAmounts paid in 2024 or accounting valuation
At its meeting on 8 February 2024, on the recommendation of the Human Resources and Remuneration Committee, the Board of Directors decided that at the Annual General Meeting it would submit a proposal to set Jean‑Paul Agon’s annual fixed remuneration at the gross amount of €950,000 as from 1 May 2024 compared to the gross amount of €1,600,000 previously. This resolution was approved on a 97.90% basis. |
|
| Benefits in addition to remuneration |
Benefits in addition to remunerationAmounts allocated for the 2024 financial year or accounting valuation €0 |
Benefits in addition to remunerationAmounts paid in 2024 or accounting valuation
Jean-Paul Agon benefits from the material resources needed for the performance of his office such as, for example, the provision of a car with a driver. These arrangements, which are strictly limited to professional use, to the exclusion of all private use, are not benefits in kind. |
|
|
Remuneration components submitted for a vote €3,125.04 |
Amounts allocated for the 2024 financial year or accounting valuation
Jean-Paul Agon benefits from the same employee benefit scheme as the senior managers of the Company. |
||
SUMMARY TABLE OF THE COMPONENTS OF REMUNERATION PAID IN 2024 OR ALLOCATED FOR THAT YEAR TO NICOLAS HIERONIMUS, CHIEF EXECUTIVE OFFICER
| Remuneration components submitted for a vote | Amounts allocated for the 2024 financial year or accounting valuation | Amounts paid in 2024 or accounting valuation | Description | ||
|---|---|---|---|---|---|
| Fixed remuneration | €2,000,000 | At its meeting of 8 February 2024, on the recommendation of the Human Resources and Remuneration Committee, the Board of Directors kept Nicolas Hieronimus’s fixed remuneration at the gross amount of €2,000,000 on an annual basis. This amount has not changed since 2021. | |||
| Annual variable remuneration | €2,048,500, i.e., 102.4% of the target annual variable remuneration | €2,250,000 |
The annual variable remuneration is designed to align the executive corporate officer’s remuneration with the Group’s annual performance and to promote the implementation of its strategy year after year. The Board of Directors strives to encourage the executive corporate officer both to maximise performance for each financial year and to ensure that it is repeated and regular year-on-year. The target annual variable remuneration is set at 100% of the fixed remuneration (or €2,000,000 gross); the annual variable remuneration may reach up to 120% of the fixed remuneration (€2,400,000 gross) if there is outperformance on the objectives. |
||
| CRITERIA FOR ASSESSMENT OF PERFORMANCE FOR 2024 | |||||
|
Financial criteria |
60% | ||||
|
Change in like-for-like net sales as compared to the budget |
15% | ||||
|
Change in market share as compared to the main competitors |
15% | ||||
|
Consolidated operating profit as compared to the budget |
10% | ||||
|
Earnings per share as compared to the budget |
10% | ||||
|
Cash flow as compared to the budget |
10% | ||||
|
Non-financial and qualitative criteria |
40% | ||||
|
CSR criteria: L’Oréal for the Future |
10% | ||||
|
Human Resources criteria |
7.5% | ||||
|
Digital development criteria |
7.5% | ||||
|
Qualitative criteria: Management |
7.5% | ||||
|
Qualitative criteria: Image, company reputation, dialogue with stakeholders |
7.5% | ||||
|
The assessment is carried out on a criterion-by-criterion basis with no possibility to offset between criteria. A summary of achievements in 2024 is set out in section 2.4.2.2.2. of the 2024 Universal Registration Document. |
|||||
