BELGIUM: InBev discloses management salaries

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InBev has released information about last year's salary for its boss as part of the brewer's corporate governance.

The global brewer said yesterday (5 March) that, in 2007, its CEO Carlos Brito earned a fixed salary of EUR850,000 (US$1.3m) with a bonus of EUR3.4m.

Other members of the executive board of management earned an aggregate base salary of EUR3.5m, with "an aggregate bonus of EUR8.2m," the company said.

InBev's executive remuneration policy has been "designed to help drive the high-performance culture at InBev", the company said.

"The goal is to deliver market-leading compensation, driven by both company and individual performance, and ensure alignment with shareholders' interests by encouraging executive ownership of company shares."

The bonuses will be payable in or around April, the brewer added.

Last month, InBev said that net profit for the year to the end of December leapt by 22.4% on 2006, coming in at EUR1.86bn. Non-recurring items resulted in a net non-recurring gain to profit from operations of EUR374m. This gain was mainly due to the sale of Belgian and Dutch real estate assets, which resulted in a gain before taxes of EUR357m, the company said.

Sectors: Beer & cider

Companies: Anheuser-Busch InBev

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