Chief Executive Officer and Executive Committee
Delhaize Group’s Chief Executive Officer, Pierre-Olivier Beckers, is in charge of the day-to-day management of the Company with the assistance of the Executive Committee (together referred to as the “Executive Management”). The Executive Committee, chaired by the Chief Executive Officer, prepares the strategy proposals for the Board of Directors, oversees the operational activities and analyzes the business performance of the Company. The Terms of Reference of the Executive Management are included in the Company’s Corporate Governance Charter.
The members of the Executive Committee are appointed by the Board of Directors. The Chief Executive Officer is the sole member of the Executive Committee who is also a member of the Board of Directors.
The Executive Committee is composed of the following persons:
| Name |
Position |
Member Since |
| Pierre-Olivier Beckers |
President and Chief Executive Officer |
1990
|
| Rick Anicetti |
Executive Vice President |
2002
|
| Renaud Cogels |
Executive Vice President |
1988
|
| Michel Eeckhout |
Executive Vice President |
2005
|
| Ron Hodge |
Executive Vice President |
2002
|
| Nicolas Hollanders |
Executive Vice President |
2007
|
| Craig Owens |
Executive Vice President and
Chief Financial Officer |
2001
|
| Michael Waller |
Executive Vice President and General Counsel |
2001
|
See also the Management Biographies
Remuneration Policy
The individual remuneration of the Delhaize Group Executive Management is determined by the Board of Directors upon the recommendation of the Remuneration and Nomination Committee. The Remuneration Policy of the Company is included in the Company’s Corporate Governance Charter.
Main Contractual Terms of Hiring and Termination Arrangements with Executive Managers
The Company’s Executive Managers, in accordance with employment-related agreements and applicable law, are (i) compensated in line with the Company’s Remuneration Policy, (ii) assigned duties and responsibilities in line with current market practice for their position and with the Company’s Terms of Reference of the Executive Management, (iii) required to abide by the Company’s policies and procedures, including the Company’s Code of Business Conduct and Ethics, (iv) subject to confidentiality and non-compete obligations to the extent authorized by law and (v) subject to other clauses typically included in employment agreements for executives. In addition, for the Executive Managers, the combination of employment-related agreements and applicable law provide for, or would likely result in: (i) payment of approximately 2-3 times base salary and annual incentive bonus, accelerated vesting of all or substantially all of the long-term incentive awards, and the continuation of Company health and welfare benefits for a comparable period, in the case of termination without cause by the Company or for good reason by the Executive Manager, and (ii) accelerated vesting of all or substantially all of the long-term incentive awards, in the event of a change of control of the Company.