US: Coca-Cola Enterprises CEO earnings rise in 2009
By just-drinks.com editorial team | 8 March 2010
Coca-Cola Enterprises awarded its CEO US$15.5m worth of compensation last year, according to recent figures.
The amount was an increase on the $9.1m John Brock earned in 2008, the firm said in a Securities and Exchange Commission filing on Friday (5 March).
The total compensation figure included a salary increase to $1.15m from $1.14m in the previous year.
Brock also earned a $3.5m performance related bonus, up from $147,000 in 2008, $6.7m in stock awards, $2.8m in option awards, and $125,198 in ‘other’ compensation.
Last month the US bottler reported a net income of US$731m for the 12 months to 31 December. This compared to a loss of $4.39bn in the previous year.
Full-year sales however, were down 0.5%, as North American sales declined 0.5% and European sales declined 1.5%.
At The Coca-Cola Co, a filing late last week showed that CEO Muhtar Kent's total compensation fell 16% to $18.8m in 2009.
Last month, Coca-Cola and CCE reached a deal that would transfer the bottler's North American operations to Coca-Cola.
Click here to view the full filing.
Sectors: Soft drinks, Water
Companies: Coca-Cola Enterprises, Coca-Cola Co
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