French Government Sets Remuneration for Executive Director of Public Olympic Delivery Company SOLIDEO
Paris, France – On October 31, 2024, the French government issued a decision setting the remuneration for the Executive Director of the Public Olympic Delivery Company (Société de livraison des ouvrages olympiques, SOLIDEO). This decision is in accordance with Article L. 1414-11 of the Public Code.
According to the decision, the Executive Director of SOLIDEO will receive an annual gross salary of €210,000. This remuneration includes a fixed component of €180,000 and a variable component of up to €30,000.
The variable component of the Executive Director’s remuneration is based on the achievement of performance objectives set by the SOLIDEO Board of Directors. These objectives will be related to the company’s key mission of delivering the infrastructure and facilities required for the 2024 Olympic and Paralympic Games in Paris.
The decision also outlines the benefits and allowances that the Executive Director will be entitled to, such as health insurance, retirement benefits, and a company car.
The setting of the Executive Director’s remuneration is a significant step in the establishment of SOLIDEO, which was created in 2017 to oversee the planning, construction, and delivery of the Olympic and Paralympic venues and infrastructure.
The company is responsible for managing a budget of over €3 billion and delivering more than 30 venues and infrastructure projects, including the Olympic Village, the Stade de France, and the Paris Convention Center.
SOLIDEO is chaired by Etienne Thobois, a former CEO of the French construction company Bouygues Travaux Publics. The company’s Executive Director has not yet been appointed.
The announcement of the Executive Director’s remuneration is a clear indication of the French government’s commitment to ensuring that SOLIDEO has the resources and leadership necessary to successfully deliver the 2024 Olympic and Paralympic Games.
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economie.gouv.fr a new article on 2024-11-05 12:54 titled “Décision du 31 octobre 2024 fixant la rémunération du directeur général exécutif de l’établissement public Société de livraison des ouvrages olympiques (SOLIDEO)”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
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