Bonuses, Ahold Delhaize boss Frans Müller, rose to more than 6.5 million

Ahold Delhaize CEO Frans MullerANP photo/Koen van Weel

That is, an increase of 8 tons. This can be read in the supermarket group’s annual report that appeared on Wednesday. Bonuses for Ahold Delhaize’s top executives consist of a base salary that has remained roughly the same as for Mueller. It also relates to bonuses that are paid partly in cash and partly in shares, as well as pensions and other payments.

Those bonuses in particular increased in value last year, as did other executives. Among them is Kevin Holt, CEO of Ahold Delhaize in the US, where the group has performed well. The US president earned just over €6.6 million more than CEO Mueller.

Sales of Ahold Delhaize rose 15.9 percent in the fourth quarter of last year, to 23.3 billion euros. For the whole of 2022 there was a turnover of 87 billion euros, more than 15 percent. Below the line, Ahold Delhaize earned €2.5 billion, compared to €2.2 billion in 2021. The company sold more in the US in particular, with larger profit margins than in Europe.

Ahold managers’ salaries in 2021 were even lower than the previous year. For example, Mueller earned just over 6 million euros in 2020, and a year later he earned about 5.7 million euros. That year, Ahold Delhaize’s supervisory board decided to adjust cash bonuses downward: instead of 150 percent of their base salary, board members received 125 percent.

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