Subject: Re: 2015 Performance Review
From: "Randy Russell" <[email-masked]>
To: "Bonnie Raquet" <[email-masked]>
Cc: "Hunter Biden" <[email-masked]>, "Carl W. Stern" <[email-masked]>
Date: Sat, 20 Feb 2016 20:43:32 +0000

Thanks Bonnie for this and all your work on governance related issues. Relative  to Rick's key goals....my view... WFP-USA greatly exceeded expectations on USG funding and met them on his other key factors...save fundraising. Sounds like they we are well poised to have a better year in this area. Looks like Rick's base is well in line with other DC area NGO's.... but many of these are smaller in revenue, operating expenses and personnel. I would support a bump up in his base to match the smaller UN related NGO. Another thought..to have his 2016 bonus be tied more heavily to hitting overall fundraising targets.  Just a few thoughts...look forward to visiting. Again thanks. Hunter, excellent job at the BD meeting. Randy

Sent from my iPhone

On Feb 20, 2016, at 3:13 PM, Bonnie Raquet <[email-masked]<mailto:[email-masked]>> wrote:

Hi, all,  Thanks for a very good meeting this week, with lots of positives!

We were not able to complete Rick Leach's annual performance review, so Hunter and I agreed next steps:

1.       Hunter will contact Rick to have a conversation with him about the content of the review

2.       Hunter will let us know when that has been completed

3.       The four of us will have a conference call to review any issues and decide on what, if any, compensation adjustments we will make.

Attached for your convenience are Rick's self-evaluation and a market related compensation chart that Alex (HR) has prepared for us.

Bonnie E. Raquet
Mobile: 612-562-0380
E-mail:  [email-masked]<mailto:[email-masked]>

From: Randy Russell [mailto:[email-masked]]
Sent: Friday, February 12, 2016 12:29 PM
To: Bonnie Raquet; 'Hunter Biden'; Randy Russell
Subject: RE: 2015 Performance Review

Bonnie, thanks for this.  I will read it and get back to you by Tuesday.  Thanks so much for pulling this together.  Look forward to seeing you at the board meeting.

Randy

From: Bonnie Raquet [mailto:[email-masked]]
Sent: Friday, February 12, 2016 11:31 AM
To: 'Hunter Biden' <[email-masked]<mailto:[email-masked]>>; Randy Russell <[email-masked]<mailto:[email-masked]>>
Subject: RE: 2015 Performance Review

Hunter and Randy -

Alexandra (HR consultant) provided the attached market comparison graph to help us with Rick's review and our decision-making around his compensation.

It would be good to have this done before the board meeting so the Exec Committee can report to the full board.  But if not, it really does need to be completed before the end of February and then reported to the board.  Let me know how I can help.

Bonnie E. Raquet
Mobile: 612-562-0380
E-mail:  [email-masked]<mailto:[email-masked]>

From: Rick Leach [mailto:[email-masked]]
Sent: Friday, February 12, 2016 10:13 AM
To: Hunter Biden; Bonnie Raquet; Randy Russell ([email-masked]<mailto:[email-masked]>) ([email-masked]<mailto:[email-masked]>)
Cc: Alexandra Fouts
Subject: 2015 Performance Review

Dear Hunter, Bonnie and Randy (Members of the Executive Committee),
In accordance with the requisite annual review, attached is my 2015 Self-Assessment.  I look forward to reviewing this document with you.  Thank you.
All the best,
Rick

Richard Leach
President & CEO

World Food Program USA
1725 Eye Street NW, Suite 510
Washington, DC 20006
T 202.627.3737
F 202.530.1698
[email-masked]<mailto:[email-masked]>

<WFP USA - Leach - 2015 Annual Self-Assessment.docx>
<2016 Non-profit CEO compensation 2-11.pptx