LONDON, March 13 (Reuters) - The pay of Royal Dutch Shell's former chief executive, Peter Voser, halved to $11.24million last year following what the company described as adisappointing performance.
However, Voser's 2013 remuneration was higher than that ofpeer BP's chief executive Bob Dudley, whose pay tripledto $8.7 million.
Both men's pay was still below the levels of U.S. rivalExxon Mobil, whose Chief Executive Rex Tillersonpocketed a total $40 million in 2012 according to the latestavailable figures.
Shell suspended its controversial Arctic drilling programmeearlier this year and pledged to cut spending and streamlineoperations following disappointing earnings in the fourthquarter of 2013 that were the least profitable for fiveyears.
"The business performance in 2013 was disappointing. This isreflected in the reward outcomes for the year," Shell's head ofremuneration committee Hans Wijers said on Thursday.
The company said it had also trimmed the base salary of newchief executive, Ben van Beurden, to reflect shareholdersentiment.
He will receive a base salary of 1.4 million euros ($1.95million) compared with Voser's 1.64 million euros.
Shell said it will use a new measure for calculatinglong-term incentive plans to give greater focus to capitalefficiency. It will use relative return on average capitalemployed (ROACE) growth instead of relative hydrocarbonproduction growth.
Long-term incentive plans together with deferredbonus plans represented more than half the total pay for Shell'sexecutives in the past two years.
Voser, who stepped down from the CEO role at the end of2013, is currently employed by Shell Switzerland until the endof March as adviser to van Beurden. He will likely receive635,000 Swiss Francs ($730,000) for three months' work.
Chief financial officer Simon Henry's pay fell to $5.89million last year, from $11.65 million.
