CEO Borchert has been awarded a bonus of €587,520, representing 72% of his 2019 base salary. The bonus targets over 2019 can be divided in two groups: 1) financial and 2) strategic and personal targets, each having a 50% weight in the bonus outcome.
The financial targets related to the achievement of a certain target for the total net revenue and the adjusted EBITA. The strategic / personal targets included amongst others:
- achieving the budgeted e-commerce target;
- delivering the digital roadmap on time and on budget;
- delivering turnaround plan for the Americas & Asia segment; and
- implementing the new GrandVision organization
CFO Eelman has been awarded a bonus of €216,667 representing 65% of his base salary. Eelman started in May 2019 and therefore received a guaranteed pro rata bonus at target.