×
64 999
Fashion Jobs
MICHAEL KORS
Sales Supervisor
Permanent · Corpus Christi
NEIMAN MARCUS
Loss And Prevention Associate
Permanent · Houston
NORDSTROM
Asset Protection - Agent - Rivers Edge Rack
Permanent · Indianapolis
NORDSTROM
Asset Protection - Agent - Fulton Street Rack
Permanent · New York
NORDSTROM
Asset Protection - Security Ambassador - The Rim Rack
Permanent · San Antonio
NORDSTROM
Business Analyst 1st Shift Tuesday-Saturday Wcoc- Riverside, ca
Permanent · Riverside
MACY'S
Manager, Business Administration
Permanent · Miami
MACY'S
Manager, Business Administration
Permanent · Memphis
MACY'S
oc Support Business Analyst ii
Permanent · Deerfield Township
MACY'S
Asset Protection Detective, Oak Court - Part Time
Permanent · Memphis
MACY'S
Asset Protection Captain, Pentagon City - Full Time
Permanent · Arlington
MACY'S
Asset Protection Detective, Alderwood - Full Time
Permanent · Lynnwood
MACY'S
Manager, Business Administration
Permanent · Denver
BLOOMINGDALE'S
Manager, Sales - Mens And Young World
Permanent · Boca Raton
OLD NAVY
General Manager - Nashville West
Permanent · Nashville
OLD NAVY
Asset Protection Service Representative - Gosford Village
Permanent · Bakersfield
ULTA BEAUTY, INC.
CO - Sales Manager
Permanent · Springfield
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Redmond
LULULEMON
Assistant Manager, Operations | Legacy West
Permanent · Plano
LULULEMON
Assistant Manager, Operations | Clackamas
Permanent · Happy Valley
LULULEMON
Assistant Manager, Operations (Permanent) | San Luis Obispo
Permanent · San Luis Obispo
LULULEMON
Assistant Manager, Operations | Maryland Plaza
Permanent · St. Louis
By
Reuters
Published
Nov 21, 2013
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Outgoing Hermès CEO to get $5 million 'non-competition' pay-off

By
Reuters
Published
Nov 21, 2013

PARIS, France - Hermès is to pay its outgoing chief executive Patrick Thomas nearly 1 million euros ($1.3 million) a year from 2014 to 2017 as part of a 10-year non-competition deal he signed with the luxury goods company.

Patrick Thomas, outgoing CEO at Hermès | Source: AFP

According to the company's last annual report, Thomas, 66, received total remuneration of 1.98 million euros last year and will receive 966,300 euros annually for four years based on an agreement signed with Hermès.

The 176-year-old luxury goods maker, known for its 500-euro printed silk scarves and 10,000-euro Kelly bags, said the non-competition deal was signed on Nov. 20.

In 2004 Thomas became the first person to take the reins of the French luxury goods group who was not a descendant of founder Emile Hermès. He had been group managing director from 1989 to 1997.

A graduate from the Ecole Superieure de Commerce de Paris, Thomas was president of fragrance and skin care maker Lancaster group, part of Coty, from 1997 to 2000 and group managing director of British whisky maker William Grant & Sons from 2000 to 2003.

Thomas will step down in early 2014, leaving Axel Dumas, a sixth-generation descendant of the French company's founder, as chief executive, a role which he had been sharing with Thomas since June as part of an agreed transition.
$1=0.7428 euros

© Thomson Reuters 2022 All rights reserved.