Casino Group CEO Jean-Charles Naouri September 5, 2019. - Michel Euler / AP / SIPA
The managers of the Casino distribution group will reduce their remuneration by 25% for the months of April and May. This measure concerns CEO Jean-Charles Naouri and all members of the executive committee. Their “fixed compensation (…) is not increased in 2020”, said the group on Monday in a press release. "The administrators as well as the censors also wanted to give up their remuneration under the same conditions," he adds.
General meeting postponed by one month
The general shareholders' meeting, which was to be held on May 19, was also postponed to June 17, according to Casino, confirming after a board meeting that there would be no dividend paid. this year.
The group, which suffered a net loss of more than 1.4 billion euros in 2019, announced in late March that it was suspending its financial targets for 2020 due to the coronavirus pandemic.
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