logo
Plus   Neg
Share
Email

Julius Baer CEO Philipp Rickenbacher Gets CHF 4.41 Mln As FY19 Compensation

Julius Baer Group (JBARF.PK,JBAXY.PK) announced that its Chief Executive Officer Philipp Rickenbacher's compensation for fiscal 2019 was 4.41 million Swiss francs.

Rickenbacher, who took charge on September 1, 2019, succeeding Bernhard Hodler, received base salary of 967 thousand francs, while his performance units were 1.80 million francs.

Hodler, who continued in an advisory capacity at Group level, received 3.65 million francs, down from last year's 6.16 million francs.

Total compensation in aggregate to the members of the Executive Board was 19.78 million francs, down from prior year's 20.60 million francs.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla has cut prices of its electric cars in North America following a decline in auto demand during the coronavirus-induced lockdowns. The company is also reducing the prices for its vehicles in China. The luxury electric car maker has reduced the prices for its flagship Model S sedan and the Model X sport utility vehicle by $5,000 each. The U.S. Food and Drug Administration granted approval for Artesunate for Injection 110 mg, powder and solvent for solution to biopharmaceutical company Amivas (US), LLC as the only FDA-approved drug now in the U.S. for the first-line treatment of severe malaria in adult and pediatric patients. It is also the first FDA-approved product that Amivas has introduced to their commercial portfolio. Retail giant Walmart Inc. is entering the fashion resale market through its partnership with thredUP, an online consignment store for second-hand fashion and accessories. The deal will enable Walmart to expand its online fashion offerings. Walmart said that starting Wednesday, customers can browse nearly 750,000 pre-owned items across women's and children's clothing, accessories and footwear.
Follow RTT