Business
BIC: Remuneration of Corporate Officers
BIC: Remuneration of Corporate
About this update from Societe Bic Sa
Remuneration of Corporate Officersin accordance with the AFEP-MEDEF Code of Corporate Governance for listed companiesClichy, France – April 8, 2026 – At its meeting held on February 24, 2026 under the chairmanship of Edouard Bich, the Board of Directors of Société BIC, acting on the joint recommendations of the Remuneration Committee and the Nominations, Governance & CSR Committee, made the following decisions regarding the remuneration of Corporate Officers. It should be noted that the elements of remuneration paid or awarded in respect of the fiscal year 2025 to Rob Versloot, Chief Executive Officer since September 15, 2025, were determined by the Board of Directors at its meeting of June 11, 2025 (as disclosed on June 20, 2025) and are in line with the new remuneration policy for Executive Corporate Officers that will be submitted for approval to the Annual General Meeting of May 20, 2026.REMUNERATION FOR 2025 FISCAL YEAR: Chair of the Board of Directors:Annual fixed remuneration of 166,667 euros was awarded to Nikos Koumettis, Chair of the Board, up to May 20, 2025.Annual fixed remuneration of 200,000 euros was awarded to Edouard Bich, Chair of the Board, from May 20, 2025.Chief Executive Officer:Gonzalve BichFixed remuneration: the annual fixed portion of Gonzalve Bich’s remuneration in his capacity as Chief Executive Officer amounted to 710,192 US dollars (628,878 euros1) for the year.Variable remuneration: after reviewing the performance criteria, Gonzalve Bich’s variable remuneration for 2025 was set at 339,008 US dollars (300,193 euros1), corresponding to 36.6% of the target.Rob VerslootFixed remuneration: the annual fixed portion of Rob Versloot’s remuneration in his capacity as Chief Executive Officer amounted to 313,182 euros for the year.Variable remuneration: after reviewing the performance criteria and compared with a target objective of 100% of his fixed remuneration, Rob Versloot’s variable remuneration for 2025 was set at 113,155 euros, corresponding to 36.6% of the target.Exceptional bonus for fiscal year 2025: at its meeting of February 24, 2026, the Board of Directors wished to recognize the speed with which Rob Versloot assumed his duties, taking decisive actions for the Company, and decided to propose an exceptional bonus of 200,000 euros for approval at the Annual General Meeting of May 20, 2026.The other eleme...