Asia Pacific takeover nets Heineken boss €4m in bonuses

The successful takeover of Asia Pacific Breweries last year brought Heineken chief executive Jean-François van Boxmeer a share bonus worth €2.5m, news agency ANP said on Monday.

Van Boxmeer was also given a €1.5m long-term bonus which is supposed to encourage him to stay with the firm, according to the brewer’s annual report.

The bonuses, which cannot be cashed in for five years, bring Van Boxmeer’s pay package to €8.5m over 2012.

The takeover of APB is described by Heineken’s supervisory board as a ‘milestone’ in the company’s growth process which entitled Van Boxmeer and financial chief René Hooft Graafland to a bonus.

Thank you for donating to

We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.

Make a donation