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Peugeot CEO Varin to Get EU310,000 as Yearly Retirement Package 2013-11-27 07:30:19.197 GMT
By Mathieu Rosemain Nov. 27 (Bloomberg) -- French carmaker says sum represents Varin’s total net yearly retirement package, which corresponds to a third of his current salary in cash. * Varin hasn’t retired yet, Peugeot says * Peugeot says statement follows publication of “erroneous information” * Varin’s retirement package was approved by general shareholders’ meeting and respects corporate governance recommendations set by employers lobbies Afep-Medef, co says * Peugeot says Varin has given up cash bonus since 2011. NOTE: Statement (only available in French) NSN MWWUSA0WB2EN <GO>
For Related News and Information: Peugeot CEO Succession Puts Focus on Last-Chance China Deal (2) NSN MWVD326S972M <GO> Peugeot Board Said to Hire Tavares to Succeed Varin as CEO (1) NSN MWTI4D6K50Y1 <GO> First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Mathieu Rosemain in Paris at +33-1-5530-6298 or mrosemain@bloomberg.net
To contact the editor responsible for this story: Chad Thomas at +49-30-70010-6232 or cthomas16@bloomberg.net