Virbac reveals the remuneration of its new CEO

Virbac's Board of Directors has clarified the compensation terms of Paul Martingell, the new CEO, effective September 1, 2025. His fixed annual compensation is set at €600,000, with a pro rata temporis calculation for 2025. Short-term variable compensation can reach 60% to 70% of the fixed compensation, depending on the achievement of set objectives. In terms of long-term compensation, he will receive 1,000 free performance shares, potentially increased under certain conditions.

In addition, he will receive a one-time compensation of €500,000 to compensate for his change of position. Additional benefits include a company vehicle, private unemployment insurance, and relocation expenses. Paul Martingell also agrees to an 18-month non-compete clause with potential compensation capped at €600,000.