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Board of Directors

09/07/2017 - 09:00 AM

The following table shows the remuneration owed to all the individuals who held the position of Director during the 2016 financial year, or any part thereof.

 

Values expressed in thousands of euros

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Variable non-equity remuneration

Non monetary benefits

Total

Bonuses and other incentives

Giuseppe Recchi

Executive Chairman

01.01.16

31.12.16

31.12.16

700(1) 792(2) 80 1,572

(1) This amount includes the fixed compensation, pursuant to article 2389, subsection 3, of the Italian Civil Code, resolved by the Board of Directors.

(2) The amount, pursuant to article 2389, subsection 3, of the Italian Civil Code, refers to the “bonus” for the financial year for targets achieved in the year itself (€/000 791), as well as reimbursements for membership of clubs and associations (€/000 1).

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Variable non-equity remuneration
 

Non-monetary benefits

Total

Fair value of compensation equity
Bonuses and other incentives

Marco Patuano

CEO

01.01.16

22.03.16

31.12.16

550(1)

2(2)

10

562

6,000(3)

(1) The amount includes the remuneration for work as employee (€/000 321), travel expenses (€/000 1) and payments for accrued holiday pay (€/000 228).

(2) The amount, relating to employment, refers to reimbursements for membership of clubs and associations (€/000 1) as well as miscellaneous/taxed reimbursements (€/000 1). (2)

(3)  For the severance pay refer to the previous 2015 Report on Remuneration approved by the Board of Directors at the meeting of 27 April 2016 available on the website www.telecomitalia.com.

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Variable non-equity remuneration
 

Non-monetary benefits

Olther compensation

Total

Fair value of compensation equity
Bonuses and other incentives

Flavio Cattaneo

Director

01.01.16

31.12.16

31.12.16

1,032(1)

4,222(2)

2

 

5.256

 
CEO 1,869(3)(*) 1,869(*) 8,712(4)(**)

(1)This amount includes the fixed compensation (pursuant to article 2389, subsection 1, of the Italian Civil Code) received in the period 1/1 – 29/3/2016 as a member of the Board of Directors (€/000 27), remuneration for work as an employee (€/000 1,003) and travel expenses (€/000 2) set forth by the collective agreements for industrial company managers in the period in which he held the office of Chief Executive Officer 30/3 – 31/12/2016;

(2)The amount, pursuant to article 2389, subsection 3, of the Italian Civil Code, refers to the “bonus” for the financial year for objectives achieved in the year itself  (€/ 000 1,720), the sign-up bonus (€/000 2,500) as well as reimbursements for membership of clubs and associations (€/000 2);

(3)The amount refers to the cash component (20%) of the Special Award for the year 2016; this amount will be paid, if the conditions are met, after the board has approved the documentation relating to the 2019 financial statements (year 2020), as better described in the paragraph “Long-Term Variable Remuneration – Special Award”, to which reference is made

(4)The amount refers to the equity component (80%) of the Special Award for the year 2016 (€/000 8,422), as well as the equity component relating to the 2014/2016 Stock Option Plan, only accrued for the 2016 financial year (€/000 290). The shares will be allocated in a lump sum in 2020.

*    The amount is subject to the conditions of the Special Award and the relative payment is deferred to 2020.

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Arnaud Roy de Puyfontaine

Director/Deputy Chairman

15.12.16

31.12.16

31.12.16

140(1)

52(2)

192

(1) This amount refers to the compensation received as a member of the Board of Directors (€/000 110) and the accrued income received as compensation for the office of Vice Chairman for the period 27/4 – 31/12/2016 (€./000 30)

(2)  This amount refers to the accrued income received as compensation for the role of member of the Nomination and Remuneration Committee for the period 15/2 – 31/12/2016 (€/000 35) and accrued income received as a compensation for the role of member and Chairman of the Strategy Committee for the period 26/7 – 31/12/2016 (€/000 17). The compensation for the office of Chair of the Strategy Committee is due for the period 30/9 (appointment date) to 31/12/2016 and would have amounted to 3,813.00 euros. The difference will be recovered with the payment of compensation relating to the first quarter of 2017.

 

 

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Total

Tarak Ben Ammar

Director

01.01.16

31.12.16

31.12.16

110(1)

110

(1) This amount refers to the compensation received as member of the Board of Directors

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Davide  Benello

Director

01.01.16

31.12.16

31.12.16

 110(1)

 71(2)

181

(1) This amount refers to the compensation received as member of the Board of Directors

(2) This amount refers to the compensation received as member of the Nomination and Remuneration Committee (€/000 40), Chairman of the Nomination and Remuneration Committee (€/000 20) and member of the Strategy Committee for the period 26/7 – 31/12/2016 (€/000 11)

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Lucia Calvosa

Director

01.01.16

31.12.16

31.12.16

155(1)

65(2)

220

(1) This amount refers to the compensation received as a member of the Board of Directors (€/000 110) and as a Director acting as a link between the Board of Directors and the corporate control departments which report directly to the Board (€/000 45)


(2) This amount refers to the compensation received as member of the Control and Risk Committee (€./000 45) and Chairman of the Nomination and Remuneration Committee (€./000 20)

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Laura Cioli

Director

01.01.16

31.12.16

31.12.16

110(1)  56(2)

166

(1) This amount refers to the compensation received as member of the Board of Directors

(2) This amount refers to the compensation received as member of the Control and Risk Committee (€/000 45) and member of the Strategy Committee for the period 26/7 – 31/12/2016 (€/000 11)

  

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Francesca Cornelli

Director

01.01.16

31.12.16

31.12.16

 110(1)  45(2)

155

(1) This amount refers to the compensation received as member of the Board of Directors).

(2) This amount refers to the compensation received as member of the Control and Risk Committee.

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Jean Paul Fitoussi

Director

01.01.16

31.12.16

31.12.16

110(1)

5(2)

115

(1) This This amount refers to the compensation received as member of the Board of Directors

(2) This amount refers to the accrued income received as compensation for the role of member of the Nomination and Remuneration Committee for the period 1/1 - 15/02/2016

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Giorgina Gallo

Director

01.01.16

31.12.16

31.12.16

110(1)

45(2)

155

(1) This amount refers to the compensation received as member of the Board of Directors

(2) This amount refers to the compensation received as member of the Control and Risk Committee

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Félicité Herzog

Director

15.12.2016

31.12.2016

31.12.2016

110(1)

39(2)

149

(1) This amount refers to the compensation received as member of the Board of Directors.

(2) This amount refers to the accrued income  received as compensation for the role of member of the Control and Risk Committee for the period 15/2 - 31/12/2016

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Denise Kingsmill

Director

01.01.16

31.12.16

31.12.16

110(1)

18(2)

128

(1) This amount refers to the compensation received as member of the Board of Directors.

(2) This amount refers to the accrued income received as compensation for the role of member of the Nomination and Remuneration Committee for the period 1/1 - 15/06/2016

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Luca Marzotto

Director

01.01.2016

31.12.2016

31.12.2016

110(1)

 40(2)

150

(1) This amount refers to the compensation received as member of the Board of Directors

(2) This amount refers to the compensation received as member of the Nomination and Remuneration Committee

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Total

Hervé Philippe

Director

15.12.16

31.12.16

31.12.16

110(1)

110

(1) This amount refers to the compensation received as member of the Board of Directors.

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Stephane Roussel

Director

15.12.16

31.12.16

31.12.16

 110(1)

35(2)

145

(1) This amount refers to the compensation received as member of the Board of Directors.

(2) This amount refers to the accrued income received as compensation for the role of member of the Nomination and Remuneration Committee for the period 15/2 - 31/12/2016

Name and surname

Position

Period for which the position was held

Expiry of term of office

Fixed remuneration

Remuneration for involvement in committees

Total

Giorgio Valerio

Director

01.01.16

31.12.16

31.12.16

110(1)

66(2)

176

(1) This amount refers to the compensation received as member of the Board of Directors.

(2) This amount refers to the compensation received as member of the Control and Risk Committee (€/000 45) and to the accrued income received as compensation for the role of member of the Nomination and Remuneration Committee for the period 20/6 – 31/12/2016 (€/000 21).


  



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