OVERVIEW OF 2014 EXECUTIVE COMMITTEE
COMPOSITION AND TOTAL COMPENSATION PAID
Executive Committee
Summary of total compensation paid
Stock options
Stock options/warrants and performance stock units granted
Delhaize Group Annual Report 2014 61
The following tables summarize the different compensation components for 2013 and 2014 for the CEO individually and for the other members of the
Executive Committee in the aggregate.
Delhaize Group has announced the departure of Nicolas Hollanders as Exec
utive Vice President - Human Resources, Sustainability, and IT as of March 13,
2014.
Marc Croonen has been appointed as Delhaize Group's Chief Human
Resources Officer (CHRO), effective May 1, 2014.
Maura Smith, Executive Vice President, General Counsel and General Secretary
for Delhaize Group, has left the company effective November 1, 2014.
Dirk Van den Berghe, CEO of Delhaize Belgium and Luxembourg, was
appointed to Delhaize Group Executive Committee as of April 1, 2014 and then
decided to leave the company effective August 1, 2014.
Delhaize Group has announced the appointment of Kevin Holt as the new CEO
for Delhaize America, effective July 7, 2014.
Name
2013
2014
Current Member of
Executive Committee
Frans Muller
Beginning November 8
Full year
Yes
Pierre-Olivier
Beckers-Vieujant
Ending December 31
N/A
No
Pierre Bouchut
Full year
Full year
Yes
Marc Croonen
N/A
Beginning May 1
Yes
Stéfan
Descheemaecker
Ending October 31
N/A
No
Nicolas Hollanders
Full year
Ending March 13
No
Kevin Holt
N/A
Beginning July 7
Yes
Kostas Macheras
Full year
Full year
Yes
Maura Smith
Beginning May 2 Ending November 1
No
Roland Smith
Ending September 9
N/A
No
Dirk Van den
Berghe
N/A
Beginning April 1
Ending August 1
No
Michael Waller
Ending June 30
N/A
No
The table shown hereunder is based on the actual compensa
tion payments received by members of the Executive Committee
during 2013 and 2014(7).
(in millions
Pierre-Olivier
Beckers-
Vieujant(6)
Frans Muller
Other
members of
the Executive
Committee(2)
2013
2014
2013
2014
2013
2014
Base Salary™
0.97
N/A
0.21
0.99
2.87
2.25
Short-Term
Incentive131141
0.41
N/A
N/A
0.34
0.97
1.87
LTI - Performance
Cash Grants141151
0.66
N/A
N/A
N/A
0.65
0.10
Other Short-Term
Benefits
0.09
N/A
0.04
0.02
0.21
0.15
Retirement and Post-
Employment Benefits
0.91
N/A
0.03
0.38
0.49
0.48
Total
3.04
N/A
0.28
1.73
5.19
4.85
(1) Amounts are gross before deduction of withholding taxes and social security levy.
(2) Included 7 members in 2013, 8 members in 2014.
(3) Based on the performance of Year-1.
(4) For Belgian base executives, the short term incentive amount include the Belgian
legal holiday pay on variable compensation.
(5) Based on the performance of the preceeding 3 years.
(6) Departure of Pierre-Olivier Beckers as the CEO of the Group by the end of 2013.
(7) Excluding retention payouts as described in the Retention Payouts section on
page 62.
Exercised
in 2014
Granted
in 2008
Granted
in 2009
Kostas Macheras
26 347
13 500
12 847
Dirk Van den Berghe
7 071
1 500
5 571
Total
33 418
15 000
18 418
The following table shows the number of stock options/warrants and performance stock units granted to the CEOs and the different members
of the Executive Committee during the period 2013-2014.
2013
2014
Name
Stock options (EU)
Warrants (US)
Performance shares
PSU (EU)
PSU (US)
Frans Muller
15 731
11 237
3 979
16 670
11 156.25
Pierre-Olivier Beckers-Vieujant
18 959
29 291
15 176
N/A
N/A
Nicolas Hollanders
8 689
N/A
1 855
N/A
N/A
Marc Croonen
N/A
N/A
N/A
5 418
1 359.75
Stéfan Descheemaecker
21 711
N/A
N/A
N/A
N/A
Michael Waller
N/A
14 882
4 626
N/A
N/A
Pierre Bouchut™
119 783
N/A
N/A
15 323
N/A
Kostas Macheras
19 064
N/A
N/A
8 232
N/A
Maura Smith
N/A
21 627
6 723
N/A
12 952.25
Kevin Holt
N/A
N/A
N/A
N/A
18 739
Total
203 937
77 037
32 359
45 643
44 207.25
(1) On December 24, 2013, Mr. Pierre Bouchut received a grant of 93 063 options under the non-U.S. 2007 stock option plan as a retention award.
Those options will vest as of January 4, 2017.
