Aleksey Miller to receive annual bonus of $600thsd for 2016

Aleksey Miller to receive annual bonus of $600thsd for 2016
Aleksey Miller

Last year, the amount of bonuses of Gazprom Neft’s board of directors amounted to 30 million rubles ($527 thousand). Miller has been at the head of the Forbes rating of the highest-paid executives of Russia's largest companies for several years now.

Gazprom CEO Aleksey Miller will receive about 34 million rubles ($597 thousand) as annual bonus for his work as a Chairman of the board of directors of Gazprom Neft in 2016.

This decision was made at the annual meeting of the company's shareholders. As Vedomosti reports, the shareholders approved the payment of remuneration to members of the board of directors for 2016 “in the amount of 0.005% EBITDA by IFRS.” Last year, this figure amounted to 456.198 billion rubles ($8 billion). That is, the company directors not holding positions in executive bodies will get 22.8 million rubles ($400 thousand). At the same time, as a Chairman of the Gazprom Neft Board of Directors, Aleksey Miller was offered an additional amount of 50% remuneration of a member of the board of directors. Thus, the Gazprom CEO will receive about 34.2 million rubles in total.

A year earlier, Miller’s bonus was about 30 million rubles, and that of the members of the board of directors was 20 million rubles ($351 thousand).

Let us note that Aleksey Miller has topped the Forbes rating of the highest-paid executives of the largest Russian companies for two years now. The magazine estimated his reward in 2015 at $17.7 million, which is $ 9.3 million less than a year earlier.

As previously reported by the CrimeRussia, representatives of the Communist Party faction demanded that the State Duma Committee on Budget and Taxes request a justification for the growth of bonuses for top managers, the board of directors, and members of the board of Rosneft and Gazprom for the period from June 2016 to June 2017. In addition, the parliamentarians wanted to see the report on the economic activities of the companies during this period. However, the majority of members of the lower house of parliament did not support the idea of the Communist deputies to check the top managers’ bonuses.

Discuss

Recommended

1 / 3