Notes to the consolidated financial statements
30 Related party transactions continued
Remuneration of the individual Corporate Executive Board members
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31 www.ahold.com/reports2008
Financial statements
AHOLD ANNUAL REPORT 2008 94
Remuneration of the individual Corporate Executive Board members, which is disclosed as of the year the General Meeting
of Shareholders approved the appointment of a member, can be specified as follows:
thousand
Base salary
Bonuses1
Share-based
compensation2
Pensions3
Termination
benefits
Other4' 5
Total
J.F. Rishton
2008
945
1,143
528
189
156
2,961
2007
835
1,044
224
177
149
2,429
K.A. Ross
2008
500
605
218
132
190
1,645
2007
P.N. Wakkie
2008
600
726
377
140
13
1,856
2007
600
1,050
231
165
CO
I—1
2,059
A.D. Boer
2008
625
756
469
152
209
2,211
2007
625
781
908
239
O
1—1
2,563
A.C. Moberg (resigned from the Board effective July 1, 2007)
2008
2007
750
2,556
457
3,379
111
7,253
Total 2008
2,670
3,230
1,592
613
568
8,673
Total 2007
2,810
5,431
1,820
581
3,379
283
14,304
1 Bonuses represent accrued bonuses to be paid in the following year. Peter Wakkie's 2007 bonus included EUR 300,000 as a reward for the successful completion
of the divestment program.
2 The amounts included in the table for share-based compensation represent the share-based compensation expense calculated under IFRS 2. The fair value of share-
based compensation grants is expensed on a straight-line basis over the vesting period of the grants. For more information on share-based compensation programs,
including outstanding options and shares for individual Corporate Executive Board members, see Note 31.
3 Pension costs are the total net periodic pension costs.
4 "Other" mainly includes allowances for representation expenses, housing expenses, relocation expenses, private medical insurance, international school fees, employer's
contributions to social security plans, and benefits in kind such as tax advice and medical expenses.
5 For shares granted under the Global Reward Opportunity program (GRO, introduced in May 2006) it is allowed to sell sufficient shares to finance income tax at the time
it is due. However, this was not allowed for the 190,333 conditional shares granted to Dick Boer in January 2006, which vested in January 2008. Given restrictions on
Insider Information and Securities Trading, no shares could be sold to finance income tax due until the end of August 2008. "Other" in 2008 includes a reimbursement
for the lost value of the shares that would otherwise have been sold upon vesting.
Remuneration of the Supervisory Board members
thousand
2008
2007
R. Dahan (appointed in 2004)
68
71
T. de Swaan (appointed in 2007)
83
75
D.C. Doijer (appointed in 2005)
60
631
M.G. McGrath (appointed in 2008)
43
K.M.A. de Segundo (appointed in 2004)
72
75
S.M. Shern (appointed in 2005)
79
86
J. Sprieser (appointed in 2006)
79
79
M. Hart (resigned in 2007)
50
J. Hommen (resigned in 2007)
26
Total
484
525
1 Decreased by EUR 12 thousand to correct the amount disclosed in Ahold's 2007 Annual Report, which erroneously included VAT.
