The high profits of supermarket group Ahold Delhaize also seep into the upper echelon of the company behind Albert Heijn and bol.com. For example, CEO Frans Mueller saw his salary increase by eight tons last year to more than 6.5 million euros. This can be read in the company’s annual report.
The salary for Ahold Delhaize’s top executives consisted of the base salary, which 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. As a result, he also earned more than Müller, just over 6.6 million euros.
Sales of Ahold Delhaize in the fourth quarter of last year rose 15.9 percent to 23.3 billion euros. For the whole of 2022, there was a turnover of 87 billion euros, which is also 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.
salaries
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 earned just 125 percent.
