BIC Appoints Rob Versloot as New CEO
Exciting changes are happening at BIC as the company prepares for the future. The Board of Directors has recently appointed Rob Versloot as the Chief Executive Officer, effective September 15, 2025. This decision reflects the company’s commitment to strong leadership and innovative growth.
Understanding Executive Remuneration
In alignment with top governance standards set by the AFEP-MEDEF Code, BIC is dedicated to transparency regarding executive remuneration. The Board, based on the insights from the Remuneration Committee, has established a comprehensive pay structure for Mr. Versloot.
Annual Fixed and Variable Remuneration
For the fiscal year 2025, Mr. Versloot's annual fixed remuneration has been determined at 1,060,000 euros. Additionally, he has a target for his annual variable remuneration aiming at 100% of his fixed salary, which could potentially reach a maximum of 150% contingent upon achieving specified financial and personal objectives.
Incentives and Benefits
Furthermore, the plan includes long-term incentives where Mr. Versloot will receive performance shares valued at 1,590,000 euros. BIC believes in securing its leadership with robust incentives that align with long-term company success.
In addition to these monetary components, Mr. Versloot's compensation package features several benefits, including a comprehensive health and life insurance coverage plan, which is consistent with other executives within BIC. His position will include a company car and benefits associated with global mobility, such as assistance with accommodation and relocation expenses.
Non-compete Provisions and Termination Policies
As part of his contract, a non-compete period of 12 months is in place, which includes indemnity equivalent to one year’s salary if overridden by the Board. The termination indemnity also sets a precedent, ensuring a severance payment equal to a full year’s compensation if BIC decides on a revocation.
To add another layer of security, in the case of retirement, the payout conditions change, emphasizing the commitment to retain well-structured transition plans without exceeding two years of compensation.
Future Remuneration Policy
Continuing the commitment to governance and transparency, the Board will review and set the remuneration policy for the 2026 fiscal year during its year-end meeting. This policy will also be presented at the Annual Shareholders Meeting, ensuring that stakeholders are well-informed and engaged in this crucial process.
About BIC
BIC is a globally recognized name in the stationery, lighters, and shavers industry, known for bringing simplicity and joy to everyday life. With a strong commitment to quality and affordability for over 80 years, BIC products resonate with consumers in more than 160 countries. The brand boasts an impressive portfolio that includes iconic items like BIC® 4-Color™, BodyMark®, and many others. Moreover, BIC is dedicated to social responsibility and sustainability, reflecting its values and goals towards positive community impact.
Frequently Asked Questions
What is the fixed salary for the new CEO of BIC?
The fixed salary for CEO Rob Versloot is set at 1,060,000 euros for the fiscal year 2025.
How is the variable remuneration structured?
Mr. Versloot's target variable remuneration is equivalent to 100% of his fixed salary, with the potential to reach up to 150% based on personal and financial objectives.
What are the long-term incentives provided?
The long-term incentives consist of performance shares valued at 1,590,000 euros aimed at encouraging sustained performance.
What benefits is the new CEO entitled to?
In addition to his salary, Mr. Versloot receives standard health and life insurance, a company car, and support for relocation and expatriation.
What happens in case of termination?
If Mr. Versloot is terminated by the Board, he will receive severance equivalent to one year of his total compensation, provided he meets pre-established performance conditions.
