BIC Appoints New CEO and Sets 2025 Remuneration Framework

June 20, 2025, Clichy, France – Société BIC's Board of Directors has named Mr. Rob Versloot as the new Chief Executive Officer, effective September 15, 2025. This decision followed recommendations by the Succession, Nominations, Governance, CSR, and Remuneration Committees.

For the 2025 fiscal year, Mr. Versloot's remuneration framework includes a prorated annual fixed salary of 1,060,000 euros. He has a target annual variable remuneration of 100% of the fixed compensation, potentially reaching 150%, contingent upon specific objectives. Long-term incentives include performance shares valued at 1,590,000 euros. Additional terms encompass a 12-month non-compete agreement, a one-year severance indemnity, and a supplementary pension plan.

Mr. Versloot will not have an employment contract, stock options, or a signing bonus.