Holiday Inn 2011 Annual Report Download - page 55

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OVERVIEW GREAT BRANDS HOW WE OPERATE WHERE WE OPERATE
Summary remuneration report 53
Service contracts
The Committee’s policy is for Executive Directors to have rolling contracts with a notice period of 12 months. Richard Solomons,
Thomas Singer, Kirk Kinsell and Tracy Robbins have service agreements with a notice period of 12 months.
Non-Executive Directors have letters of appointment. David Webster’s appointment as Non-Executive Chairman is subject to six
months’ notice.
Directors’ emoluments
The emoluments below represent salary, fees and cash bonuses (excluding pensions and bonus awards paid in deferred shares)
and tax assessable benefits and allowances, including company cars and healthcare cover:
1 Jan 2011 to 1 Jan 2010 to
31 Dec 2011 31 Dec 2010
£000 £000
Executive Directors
Andrew Cosslett1 1,174 1,571
Richard Solomons2 1,148 996
James Abrahamson3 255 380
Kirk Kinsell4 1,143 436
Tracy Robbins5 343 –
Thomas Singer6 187 –
Non-Executive Directors
David Webster 406 398
Graham Allan 65 63
David Kappler 103 100
Ralph Kugler7 43 84
Jennifer Laing 76 74
Jonathan Linen 65 63
Luke Mayhew8 43 –
Dale Morrison9 38 –
Ying Yeh 65 63
Former Directors10 1 1
Total 5,155 4,229
1 Andrew Cosslett retired as Chief Executive on 30 June 2011. His emoluments have been pro-rated to his date of retirement.
2 Richard Solomons succeeded Andrew Cosslett as Chief Executive on 1 July 2011.
3 James Abrahamson resigned as a Director on 13 June 2011. His emoluments have been pro-rated to his date of leaving. He was paid in US dollars.
The sterling figure above has been calculated using an exchange rate of $1=£0.62.
4 Kirk Kinsell is paid in US dollars. The sterling figure above has been calculated using an exchange rate of $1=£0.62.
5 Tracy Robbins was appointed as a Director on 9 August 2011. The above figure reflects her emoluments from her date of appointment.
6 Thomas Singer was appointed as a Director on 26 September 2011. The above figure reflects his emoluments from his date of appointment.
7 Ralph Kugler retired as a Director on 30 June 2011. His emoluments have been pro-rated to his date of retirement.
8 Luke Mayhew was appointed as a Director on 1 July 2011. His emoluments have been pro-rated from his date of appointment.
9 Dale Morrison was appointed as a Director on 1 June 2011. His emoluments have been pro-rated from his date of appointment.
10 Sir Ian Prosser retired as a Director on 31 December 2003. However, he had an ongoing healthcare benefit of £1,205 during the year.
FACTS AND FIGURES