sain t-gobain annu al report 2008 annual report

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Management compensation
In Group companies other than Compagnie de Saint-Gobain,
attendance fees awarded to Directors representing the Group
– particularly members of Group senior management –
are either transferred to the company that employs them
or paid directly to that company.
In other companies of which the Group is a shareholder,
attendance fees awarded to the Chairman of the Board as
a Director of these companies are paid in full to the company.
The compensation paid to members of senior management
is set at a level consistent with compensation packages
offered by comparable groups and is structured in a way
that acts as an incentive for the executive concerned
to contribute to Group earnings growth.
The components of management compensation are defined
by reference to specific studies commissioned by senior
management from specialized consultants.
All members of senior management receive a variable bonus
designed to reflect their personal performance in managing
their unit.
The rollout of performance-related pay systems led
to the introduction of formulas based on both financial targets
such as return on assets (ROA) and return on investment (ROI)
and qualitative targets such as developing a specific business
or building a foothold in a given country.
In this way, senior management compensation is clearly
linked to a system of management by objectives that
promotes a high level of personal commitment.
An individual’s compensation can fluctuate significantly
from one year to the next, based on the Group’s results
and the individual’s personal performance.
Compensation received by the members of senior
management, directly and indirectly from Group companies
within and outside France, totaled €13.4 million in 2008
(2007: €15.2 million), including variable bonuses of
€4.7 million (2007: €7.1 million) and termination benefits
of €1.5 million (2007: €0.7 million).
Group management
GROUP MANAGEMENT AS OF MARCH 1, 2009
Senior Management (1)
Pierre-André de CHALENDAR Chief Executive Officer
Jean-Claude BREFFORT Senior Vice President in charge
of Human resources and International Development
Philippe CROUZET Senior Vice President in charge
of the Building Distribution Sector
Jérôme FESSARD Senior Vice President in charge
of the Packaging Sector
Jean-Pierre FLORIS Senior Vice President in charge
of the Innovative Materials Sector
Claude IMAUVEN Senior Vice President in charge
of the Construction Products Sector
Jean-François PHELIZON Senior Vice President in charge
of Internal Audit and Internal Control (2)
Bernard FIELD Corporate Secretary
Benoît BAZIN Chief Financial Officer
Executive Committee
Pierre-André de CHALENDAR
Benoît BAZIN
Bernard FIELD
Corporate departments management
Didier ROUX Vice President, Research
Sophie CHEVALLON Vice President, External Communications
Gonzague de PIREY Vice President, Corporate Planning
Sector management
Philippe CROUZET President, Building Distribution Sector
Peter DACHOWSKI Vice President, Construction Products
Sector, North America
Jérôme FESSARD President, Packaging Sector
Jean-Pierre FLORIS President, Innovative Materials Sector
(Flat Glass and High-Performance Materials) (3)
Claude IMAUVEN President, Construction Products Sector
(1)
Jacques Aschenbroich was a Senior Vice President until December 31, 2008.
(2)
Thierry Lambert, until December 31, 2008.
(3)
Jacques Aschenbroich until December 31, 2008
Saint-Gobain - 2008 Annual Report