ICANN’s Board has decided to increase ICANN CEO Fadi Chehadé’s base salary to $630,000US. Chehadé was also awarded a bonus increase to $270,000.
This bonus, which ICANN calls an “at-risk compensation”, is paid if the ICANN’s compensation committee considers the CEO has reached the goals set for him during the period. For instance, Chehadé’s FY 2014 T3 at-risk compensation was just approved for payment.
The ICANN board has also decided to extend Chehadé’s current contract, due to expire on July 1, 2015. His employment contract will now expire on July 1, 2017.