EasyJet 2014 Annual Report Download - page 89

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www.easyJet.com 87
Governance
Details of Directors’ service contracts and letters of appointment
Details of the service contracts and letters of appointment in place as at 30 September 2014 for Directors are as follows:
Date of current service contract
or letter of appointment
Unexpired term at
30 September 2014
John Barton 3 October 2013 1 year 7 months
Charles Gurassa 3 October 2013 2 years
Carolyn McCall OBE 1 July 2010 –
Chris Kennedy 1 July 2010 –
Adèle Anderson 3 October 2013 2 years
David Bennett 26 September 2013 –
Dr. Andreas Bierwirth 19 June 2014 2 years 9 months
John Browett 26 September 2013 1 year 11 months
Professor Rigas Doganis 26 September 2013 2 months
Keith Hamill OBE 3 October 2013 5 months
Andy Martin 3 October 2013 2 years
François Rubichon 19 June 2014 2 years 9 months
Review of past performance
The chart below sets out the total shareholder return performance of the Company relative to the FTSE 250, FTSE 100
and a group of European airlines(1). The FTSE 100 and FTSE 250 were chosen as easyJet has been a member of both
indices during the period.
Total shareholder return
200
30 Sept
08
30 Sept
09
30 Sept
10
30 Sept
11
30 Sept
12
30 Sept
13
30 Sept
14
100
400
300
500
600
easyJet FTSE 250 Index FTSE 100 Index Comparator Airlines
(1)
Value (£)
The table below shows the total remuneration figure for the Chief Executive over the same six-year period. The total
remuneration figure includes the annual bonus and LTIP awards which vested based on performance in those years.
The annual bonus and LTIP vesting percentages show the payout for each year as a percentage of the maximum.
Year ended 30 September
2009 2010 2011 2012 2013 2014
Single total figure of remuneration (£’000) 1,686 2,741(3) 1,552 3,694 7,777 7,678(2)
Annual bonus (%) 88% 0% 63% 96% 87% 76%
LTIP vesting (%) 0% 0% 0% 92% 100% 100%
(2) Includes 445,575 LTIP shares vesting for the period, share price is £13.275 (the average share price for the three months to 30 September 2014)
an increase of 238% on the share price at grant of £3.928. These also include the vesting of LTIP matching shares, granted in 2012, reflecting the
first opportunity in which the current Executive Directors could invest their bonus.
(3) Includes remuneration for the current Chief Executive, Carolyn McCall, of £178,000 and for the former Chief Executive of £2,563,000.
This graph shows the value, by 30 September 2014, of £100 invested in easyJet on 30 September 2008 compared with the value of
£100 invested in the FTSE 100 Index, FTSE 250 Index or a comparator group of airlines. The other points plotted are the values at intervening
financial year ends (overseas companies have been tracked in their local currency, i.e. ignoring exchange rate movements since
30 September 2008).
(1) British Airways, Lufthansa, Ryanair, Air France-KLM and Iberia have all been included in the comparative European airlines group. British
Airways and Iberia have been tracked forward for 2011, 2012, 2013, and 2014 as IAG.