Beñat Ortega’s Departure in His Capacity as Executive Board Member
01 Februar 2022 - 05:51PM
Beñat Ortega’s Departure in His Capacity as Executive Board Member
REGULATED RELEASE
BEÑAT ORTEGA’S DEPARTURE IN HIS CAPACITY AS
EXECUTIVE BOARD MEMBER
Paris – February 1, 2022
BEÑAT ORTEGA’S
DEPARTURE
The Executive Board and the Supervisory Board of
KLÉPIERRE SA have been informed of Beñat Ortega’s decision to
resign as member of the Executive Board, with effect as from
February 1st, 2022.Beñat Ortega joined Klépierre in November 2012
as Deputy COO before being promoted COO in November 2016. He was
appointed a member of the Executive Board of KLÉPIERRE SA in
November 2020.The Supervisory Board thanked Mr. Ortega for his
commitment and contribution to the Group and its portfolio.
Jean-Marc Jestin, Chairman of the Executive Board of KLÉPIERRE SA,
added: “I would like to congratulate Beñat Ortega on his
appointment and wish him every success in his new role.”
ELEMENTS OF REMUNERATION
Fixed remuneration for 2022
Beñat Ortega’s fixed annual remuneration for
2022 amounts to €450,000, payable pro rata temporis for the period
from 1 to 31 January 2022.
Short-term variable remuneration for 2021 and 2022
As for 2021
Beñat Ortega’s short-term variable remuneration
for the 2021 financial year will be determined, based on the
recommendation of the Nomination and Remuneration Committee, by the
Supervisory Board to be held in February 2022, on the basis of the
principles applicable to the other members of the Executive Board
as set in their compensation policy (see section 6.2.3.3 of the
2020 Universal Registration Document).Its payment is subject to its
approval by the ordinary general meeting of KLÉPIERRE SA’s
shareholders to be held in 2022.
As for 2022
Given the date of Beñat Ortega’s departure, and
by mutual agreement with him, it was decided that he would not
benefit from any short-term variable remuneration for 2022.
Long-term variable compensation and severance indemnity
The acquisition of the long-term incentive
schemes awarded to Beñat Ortega is subject to the fulfilment of
performance conditions as well as a condition of presence on the
date of acquisition of each plan. In accordance with the
regulations of the plans, Beñat Ortega will lose all rights in
respect of the performance shares that did not yet vest on the
notification date of his resignation (i.e. the performance shares
allocated under the 2019, 2020 and 2021 Plans).Furthermore, due to
the voluntary nature of his departure, Beñat Ortega will not
receive any severance pay.
Other elements of remuneration
The other benefits of all kinds enjoyed by Beñat
Ortega in his capacity as a member of KLÉPIERRE SA’s Executive
Board were identical to those of the other members of the Executive
Board in 2021 and are recalled in the 2020 universal registration
document of KLÉPIERRE SA. Beñat Ortega will cease to benefit from
them as from February 1, 2022, the effective date of his
resignation.Beñat Ortega does not benefit from any additional
pension plan.
INVESTOR
RELATIONS CONTACTS |
MEDIA CONTACTS |
Arnaud Courtial, Group Head of IR and Financial
Communication+33 (0)1 40 67 57 80 —
arnaud.courtial@klepierre.comPaul Logerot, IR
Manager +33 (0)1 40 67 53 02 —
paul.logerot@klepierre.comJulia Croissant, IR
Officer+33 (0)1 40 67 51 68 — julia.croissant@klepierre.com |
Hélène Salmon, Group Head of Corporate and Internal Communications
+33 (0)1 40 67 55 16 — helene.salmon@klepierre.com Wandrille
Clermontel, Taddeo+33 (0)6 33 05 48 50 —
teamklepierre@taddeo.fr |
ABOUT KLÉPIERRE
Klépierre is the European leader in shopping
malls, combining property development and asset management skills.
The Company’s portfolio is valued at €21.5 billion at June 30,
2021, and comprises large shopping centers in more than 10
countries in Continental Europe which together host hundreds of
millions of visitors per year. Klépierre holds a controlling stake
in Steen & Strøm (56.1%), Scandinavia’s number one shopping
center owner and manager. Klépierre is a French REIT (SIIC) listed
on Euronext Paris and is included in the CAC Next 20 and EPRA Euro
Zone Indexes. It is also included in ethical indexes, such as
Euronext CAC 40 ESG, MSCI Europe ESG Leaders, FTSE4Good, Euronext
Vigeo Europe 120, and features in CDP’s “A-list”. These
distinctions underscore the Group’s commitment to a proactive
sustainable development policy and its global leadership in the
fight against climate change. For more information, please visit
the newsroom on our website: www.klepierre.com
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