Hermes Is Gratifying And CEO Annual Salary Rises To $1 Million 400 Thousand.

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The latest news from the media has benefited from the upturn in the company's performance. The fixed annual salary and bonus of CEO Axel Dumas of the Hermes group will go up.

According to the data, the fixed annual salary of Hermes CEO Axel Dumas will rise 14.4% to 1 million 260 thousand euros (1 million 400 thousand US dollars) this year, and its bonus will increase to 10.9% to 1 million 290 thousand euros (1 million 440 thousand US dollars). The annual salary and bonus income of CEO will exceed 2 million 500 thousand euros per year.

The executive compensation adjustment was decided at the meeting of the board of directors of Hermes group in March 22nd. In a document submitted to regulators last Friday, the Hermes group said that the salary adjustment was based on two indicators, including integrated pre tax profits and company turnover.

In addition, the group agrees to pay 24 months' salary if its CEO position is terminated.

The famous French luxury brand, Hermes, is famous for its iconic platinum bags and scarves, ignoring the weak economic environment. The group's profits in 2015 exceeded expectations.

In 2015

According to the statement, strong sales in Europe and Japan offset China's sluggish sales due to anti-corruption.

Under the leadership of CEO Axel Dumas, the income of Hermes group increased by 18% in 2015, which was 4 billion 840 million euros.

Operating profit increased by 19% to 1 billion 540 million euros, exceeding analysts' expectations of 1 billion 520 million euros.

Group profit margin expanded to 31.8%, after the company warned that profits may be close to 31.5% in 2014.

After encountering anti-corruption policy in China, it is facing severe challenges. The luxury that can grow up under this environment is definitely the best.

Some analysts say that the Hermes group will be able to get a double harvest of profits and profits. It is undoubtedly a great feat. Hermes is obviously a luxury company that can constantly attract attention from its star products.

It is reported that Hermes group's 2020 revenue target is 6 billion euros.

In 2012, Hermes International Group announced the pfer of management power to Axel Dumas, the sixth generation successor of Thierry Herms, the Hermes group.

Axel Dumas was appointed Group CEO in June 2013.

Axel Dumas is the son of Michel CEO, the former deputy CEO of Hermes, and the nephew of the fifth generation of Jean-Louis Dumas of Hermes. The Axel Dumas has a degree from Paris University of political science and Harvard University. Before joining the family group, she worked in Paris bank, and was an important leather Department in the Hermes group.

In 2013, when Axel Dumas formally took office in CEO, the Hermes group achieved a record of sales of $5 billion, operating profit of $1 billion 690 million, and the fastest growing company in the luxury industry. At present, Hermes has about 325 stores worldwide.