This decision was motivated by the overall level of Stéphane Richard's compensation package since 2010, by the desire to compensate for the absence of any retirement plan and to underline the constant commitment with which he accompanied the rigorous succession process. The Board also wanted to recognize the consistent financial results and strategic performance obtained throughout his three terms of office at the head of the Group.
Stephane Richard would like to thank the Board of Directors for this intention. However, given the incomprehension of certain shareholders who consider that this allocation does not comply with the guiding principles that apply when considering the compensation of corporate mandate holders and that this should have been planned for and anticipated, Stéphane Richard has decided to waive this exceptional compensation.
