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Aug 7, 2024 · April 11, 2024 – Across Ahold Delhaize and our great local brads, we aim to help customers understand the impact of their buying decisions and nudge them towards healthier and more sustainable purchases. For example, Albert in the Czech Republic and Delhaize Belgium leverage loyalty programs to promote healthy and sustainable options.
- ALIGNMENT WITH COMPANY STRATEGY
- CONSISTENCY
- TRANSPARENCY
- ALIGNMENT WITH STAKEHOLDER INTERESTS
- COMPETITIVE PAY
- ESTABLISHING, REVISION, AND EXECUTION
- RISK ASSESSMENT
- DISCRETION AND DEROGATION
- Loans
- Additional arrangements
- (SERVICE) AGREEMENTS, PENSION AND OTHER INDIVIDUAL ELEMENTS
- MANAGEMENT BOARD REMUNERATION IN CONTEXT
- Internal context
- Annual committee fees
- SHAREHOLDING
- Pension
- Term
Our Remuneration Policy is aligned with the Company’s long-term strategy. PAY FOR PERFORMANCE Our Remuneration Policy supports a pay-for-performance culture with an emphasis on sustainable long-term value creation.
The structure of Management Board remuneration is generally consistent with the remuneration structure for other senior associates of the Company. lApplies to Management Board only
The Company provides extensive disclosure of how the Remuneration Policies were implemented, including, for the Management Board, incentive targets, intervals and performance realized.
The Remuneration Policy aligns the focus of the Company and its senior management with the interests of the Company's stakeholders and society at large.
The competitiveness of our Remuneration Policy is benchmarked annually against a relevant labor market peer. lApplies to Management Board and Supervisory Board
Our Remuneration Policy is established, revised and executed by the Supervisory Board, and subject to adoption by the General Meeting of Shareholders.
The Remuneration Committee regularly conducts a comprehensive analysis of the risks and scenarios associated with variable compensation elements. This includes calculating remuneration under different scenarios, considering different performance assumptions.
The Supervisory Board may exercise discretion in the execution of our Remuneration Policy, and, in exceptional circumstances, deviate from it.
The Company does not provide loans to members of the Management Board, nor does the Company issue guarantees to the benefit of members of the Management Board.
In addition to the remuneration of the Management Board members, a number of additional arrangements apply. These include expense allowances, insurance, use of company cars and, where applicable, relocation support and allowances, which apply to other senior associates and are in line with market practice. In addition, third-party tax services are ...
The following is a summary of management board service agreements.
This section places the remuneration of the members of the Management Board and its development over time in the broader context of the remuneration of associates, the Company’s performance, and (for the Chief Executive Officer) external peers.
Associates are at the center of our brands’ relationships with customers and communities. In establishing the employment conditions of their associates, our brands set compensation and benefits levels in line with job level and local market practices and regularly review remuneration practices, considering societal and market dynamics as well as ec...
The chair and members of the Supervisory Board’s committees are offered a supplementary fee for the additional responsibilities they take on.
Members of the Supervisory Board are allowed to hold (privately acquired) shares in the Company.
Members of the Supervisory Board are not eligible to participate in any benefits program offered by the company to its associates, including, but not limited to, pension plans.
Members of the Supervisory Board shall be on the Supervisory Board for a maximum period of four years and shall thereafter be eligible for reappointment for another four-year period. The member of the Supervisory Board may then be reappointed for a period of two years, which appointment may be extended by at most two years.
Apr 8, 2020 · This Remuneration Report is derived from the Ahold Delhaize Annual Report 2021 as follows: Letter from the Remuneration Committee Chair. Executive remuneration principles and procedures. Management Board remuneration. Remuneration policy for the Management Board. Management Board remuneration at a glance. 2021 Management Board remuneration.
May 27, 2024 · 5 Takeaways From Ahold Delhaize’s Strategy Day. Last week, Ahold Delhaize announced how it plans to achieve a net sales CAGR of 4% between 2025 and 2028, as well as generate €9 billion in free ...
The annual base salary of €649 thousand was increased by 10.6% to €718 thousand, effective at the start of 2020. The at-target payout under the annual cash incentive plan is 100% of base salary and is capped at 150% in the event of above-target performance. The at-target award.
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Aug 7, 2024 · In April, Ahold Delhaize announced its collaboration with four other leading grocery retailers to establish W23 Global, a collaborative venture capital fund. The fund will seek to invest in innovative start-ups and scale-ups that deploy technology to enhance customer experiences, transform the grocery value chain and address the sector’s sustainability challenges.
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Apr 21, 2024 · 2023 annual cash incentive At the end of 2023, it became clear that the results for the 2023 annual cash incentive would finish ahead of plan with payouts above target level. The Supervisory Board considers the performance targets for 2023 to have been robust, with clear, specific and auditable metrics. For the second year, we are disclosing the
