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Relations investisseurs

Katy bettach
+33 1 45 19 52 26

Sophie Palliez-Capian
+33 1 45 19 52 26

Relations presse

Isabelle De Segonzac
+33 1 53 70 74 70

Priscille RENEAUME
+33 1 53 70 74 48

Albane  De La Tour d'Artaise

COMPANY DETAILS

Company name

BIC

SIRET

55200844300079

ISIN

FR0000120966

Address

14, rue Jeanne d'Asnières
92611 Clichy

Phone

01 45 19 52 00

Fax

01 45 19 52 04

Compartment

A

Industry

Produits ménagers non durables

Website

www.bicworld.com

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BIC

BIC

Company : BIC ISIN : FR0000120966
Document type : Information périodique/Contrôle interne & Gouv. d'entr.
Publication date : 02/04/2019 18:12:00

Compartment : Compartiment A
Wire : Thomson Reuters ONE

BIC: Compensation of Corporate Officers in Accordance With Afep-medef Code of Corporate Governance for Listed Companies

BIC: Compensation of Corporate Officers in Accordance With Afep-medef Code of Corporate Governance for Listed Companies

BIC Group – Press Release
Clichy – 2 April 2019
                                                         

COMPENSATION OF CORPORATE OFFICERS
IN ACCORDANCE WITH AFEP-MEDEF CODE OF CORPORATE GOVERNANCE
FOR LISTED COMPANIES

At a meeting chaired by Pierre Vareille on February 12, 2019, the Board of Directors of SOCIÉTÉ BIC took the following decisions, based on the recommendations of the Compensation Committee and in accordance with the compensation policy approved by the Annual General Meeting held on May 16th, 2018:

Compensation for 2018:

  • Pierre Vareille, Chairman of the Board:

An annual fixed compensation of 300,000 euros was granted to Pierre Vareille, Chairman of the Board since May 16, 2018 (prorated to 7.5 months for 2018 = 187,500 euros).

  • Gonzalve Bich, Chief Executive Officer:
     
    • Fixed compensation for 2018: the annual fixed part of the compensation for Gonzalve Bich as Chief Operating Officer was set at 550,000 US dollars (465,707 euros1) from January to May 2018, then at 675,000 US dollars (571,550 euros1) from May 16, 2018, following Gonzalve Bich’s appointment as Chief Executive Officer.
       
    • Variable compensation for 2018: following an examination of the allocation criteria and with respect to a target of 731,025 US dollars (618,988 euros1), the variable part of the 2018 compensation for Gonzalve Bich was set at 725,963 US dollars (614,702 euros1), which corresponds to 99.3% of the target. The allocation criteria is detailed in the 2018 Registration Document (https://www.bicworld.com/en).
       
  • James DiPietro, Executive Vice-President:
     
    • Fixed compensation for 2018: the annual fixed part of the compensation for James DiPietro was set at 563,000 US dollars (476,715 euros1) for 2018.
       
    • Variable compensation for 2018: following an examination of the allocation criteria and with respect to a target of 422,250 US dollars (357,536 euros1), the variable part of the 2018 compensation for James DiPietro was set at 419,322 US dollars (355,057 euros1), which corresponds to 99.3% of the target. The allocation criteria is detailed in the 2018 Registration Document (https://www.bicworld.com/en).
  • Marie-Aimée Bich-Dufour, Executive Vice-President:
     
    • Fixed compensation for 2018: the fixed part of the compensation for Marie-Aimée Bich-Dufour was set at 200,000 euros for 2018.
       
    • Variable compensation for 2018: following an examination of the allocation criteria and with respect to a target of 90,000 euros, the variable part of the 2018 compensation for Marie-Aimée Bich-Dufour was

             

set at 89,380 euros, which corresponds to 99.3% of the target. The allocation criteria is detailed in the 2018 Registration Document (https://www.bicworld.com/en).

Under the provisions of Article L. 225-100 of the French Commercial Code, the payment of the variable compensation is contingent on a positive vote of the Annual General Meeting of May 22, 2019.

Compensation for 2019:
The Board set the 2019 fixed part of the compensation as follows:

  • 300,000 euros (unchanged vs. 2018) for Pierre Vareille, Chairman of the Board;
  • 735,000 US dollars (622,354 euros1) (+8.9% vs. 2018) for Gonzalve Bich, Chief Executive Officer. The Compensation Committee recommended this increase based on the CEO’s performance and experience in role in addition to market practices;
  • 572,850 US dollars (485,055 euros1) (+1.7% vs. 2018) for James DiPietro, Executive Vice-President;
  • 200,000 euros (unchanged vs. 2018) for Marie-Aimée Bich-Dufour, Executive Vice-President, until March 31, 2019, effective date of her resignation.

The Board also set the 2019 target for the variable part of their compensation as follows:

  • 125% of the fixed part of the compensation for Gonzalve Bich, Executive Vice-President;
  • 75% of the fixed part of the compensation for James DiPietro, Executive Vice-President;
  • No variable compensation for Pierre Vareille, Chairman, and Marie-Aimée Bich-Dufour, Executive Vice-President until March 31, 2019.


 

Contacts



 

Sophie Palliez-Capian – VP, Corporate Stakeholder Engagement - sophie.palliez@bicworld.com
Investor Relations Contact: +33 1 45 19 52 00 Press Contacts
Michèle Ventura
michele.ventura@bicworld.com
Albane de La Tour d’Artaise Albane.DeLaTourD'Artaise@bicworld.com
  Isabelle de Segonzac: +33 1 53 70 74 70
isegonzac@image7.fr

For more information, please consult the corporate website: www.bicworld.com


 

2019 Agenda


 

First Quarter 2019 results 25 April 2019 Conference call
2019 AGM 22 May 2019 Meeting – BIC Headquarters
First Half 2019 results 31 July 2019 Conference call
First Quarter 2019 results 23 October 2019 Conference call

[1] Amounts in US dollars were translated into euros using the average exchange rate for 2018 (1 € = 1.1810 USD).


 

About BIC


 

BIC is a world leader in stationery, lighters and shavers. For more than 70 years, BIC has honored the tradition of providing high-quality, affordable products to consumers everywhere. Through this unwavering dedication BIC has become one of the most recognized brands and is a trademark registered worldwide for identifying BIC products which are sold in more than 160 countries around the world. In 2018, BIC Net Sales were 1,949.8 million euros. The Company is listed on “Euronext Paris” and is part of the SBF120 and CAC Mid 60 indexes. BIC is also part of the following Socially Responsible Investment indexes: CDP A list and CDP “Supplier Engagement rating Leader board”, Euronext Vigeo – Eurozone 120, Euronext Vigeo – Europe 120, FTSE4Good indexes, Ethibel Pioneer and Ethibel Excellence Investment Registers, Ethibel Sustainability Index (ESI) Excellence Europe, Stoxx Global ESG Leaders Index.





 

1 Amounts in US dollars were translated into euros using the average exchange rate for 2018 (1 € = 1.1810 USD).
                                                                      



 

 

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