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Unilever Annual Report and Accounts 2004 83
Executive Directors’ pensions
Pension values for the year ended 31 December 2004 are set out below. For convenience, amounts are shown both in euros and [in
brackets] in pounds sterling (see footnote 1).
Increase/
Increase/ (decrease)
(decrease) Transfer value in transfer value Individual Transfer value
Accrued in accrued Accrued of accrued during 2004 contributions of accrued
Age at pension at pension pension at pension at (less individual made during pension at
Name and 31/12/04 31/12/03(2) during 2004(3) 31/12/2004(2) 31/12/2003(4) contributions) 2004 31/12/2004(4)
base country ‘000 pa ‘000 pa ‘000 pa ‘000 ‘000 ‘000 ‘000
A Burgmans (NL) 57 €915 €44 €959 €12 633 €1 502 €16 €14 151
[£648] [£30] [£678] [£8 940] [£1 052] [£11] [£10 003]
P J Cescau(5) (NL/UK) 56 €717 €156 €873 €12 438 €1 993 €28 €14 459
[£507] [£110] [£617] [£8 802] [£1 400] [£19] [£10 221]
A C Butler (UK) 58 €533 €37 €570 €9 097 €1 816 €46 €10 959
[£377] [£26] [£403] [£6 438] [£1 278] [£31] [£7 747]
K B Dadiseth (UK) 59 €682 €68 €750 €12 323 €2 802 €31 €15 156
[£483] [£47] [£530] [£8 721] [£1 972] [£21] [£10 714]
C J van der Graaf(6) (NL) 54 €193 €138 €331 €2 252 €1 901 €5 €4 158
[£137] [£97] [£234] [£1 594] [£1 342] [£3] [£2 939]
A R van Heemstra (NL) 58 €527 €39 €566 €7 495 €1 106 €8 €8 609
[£373] [£27] [£400] [£5 304] [£777] [£5] [£6 086]
R H P Markham (UK) 58 €620 €58 €678 €10 899 €2 395 €53 €13 347
[£439] [£40] [£479] [£7 713] [£1 686] [£36] [£9 435]
N W A FitzGerald(7) (UK) 59 €1 102 €103 €1 205 €19 624 €4 269 €68 €23 961
[£780] [£72] [£852] [£13 888] [£3 002] [£48] [£16 938]
C B Strauss(8) (US) 61 €666 €(22) €644 €10 073 €(298) €0 €9 775
[£471] [£(16)] [£455] [£7 129] [£(219)] [£0] [£6 910]
The increase in transfer value during 2004 includes the effect of salary increases, additional service, benefit enhancements and any
changes in actuarial bases. Changes in the bases during 2004 had the effect of significantly increasing transfer values, especially for the
UK based Executive Directors.
Remuneration report
Details – Executive Directors (continued)