Remuneration 2024
Fixed income component
The Supervisory Board decided, within the remuneration policy adopted by the Annual General Meeting (AGM) in 2020 and in line with the benchmark, to increase the fixed remuneration of the CFO and the CCO by 3% and the salary of the CEO by 12%. Unlike the CFO and CCO salaries which already aligned with benchmark, the CEO salary had lagged behind. This explains the larger percentage increase.
Variable remuneration component
According to the remuneration policy adopted by the AGM, the maximum variable remuneration is 60% of the fixed annual remuneration. This was fully paid in 2024. No other exceptional remuneration was paid to the members of the Executive Board in 2024.
The ratio of the total remuneration of the Executive Board relative to the average remuneration of an employee in the Netherlands is as follows.
2024 | 2023 | |
All | 9.0 | 9.1 |
CEO | 10.3 | 10.2 |
CFO | 7.6 | 8.0 |
CCO | 9.0 | 9.5 |
For further information regarding the remuneration, please refer to the Notes to the Consolidated Financial Statements.