Based on the provided information, the exact annual salary of L'Oréal's CEO, Nicolas Hieronimus, is €1,997,730.
Nicolas Hieronimus was appointed CEO of L'Oréal in May 2021. His total yearly compensation amounts to €10.57 million. This total compensation is structured with a specific breakdown between base salary and other forms of remuneration.
His compensation is comprised of:
- Salary: 18.9% of the total
- Bonuses: 81.1% of the total (including company stock and options)
Calculating the exact salary based on the provided figures:
Salary = Total Compensation × Percentage of Salary
Salary = €10.57M × 18.9%
Salary = €10,570,000 × 0.189
Salary = €1,997,730
L'Oréal CEO Compensation Structure
To provide a clearer picture of the CEO's earnings, here's a simple breakdown based on the €10.57M total compensation:
| Compensation Component | Percentage | Amount (Approx.) |
|---|---|---|
| Base Salary | 18.9% | €1.998 million |
| Bonuses & Incentives | 81.1% | €8.572 million |
| Total Yearly | 100% | €10.57 million |
It's important to note that the majority of the CEO's compensation comes from performance-based bonuses, which include company stock and options, aligning his incentives with the company's performance and shareholder value.
Share Ownership
In addition to his annual compensation, Nicolas Hieronimus also holds a direct ownership stake in L'Oréal. He directly owns 0.044% of the company's shares. At the time the reference information was compiled, these shares were valued at $86.07 million. This significant shareholding further ties his financial interests to the long-term success and growth of L'Oréal.
Understanding the CEO's compensation involves looking beyond just the base salary to the total package, which includes substantial performance-linked elements and significant direct share ownership.
