The contract of President and Chief Executive Officer Fadi Chehadé has been extended by ICANN for two more years.

Chehadé’s base salary will increase by 12.5 percent.

Faidi contract with ICANN now expires 30 June 2017.

The Board resolution said, “The decision to increase Mr. Chehadé’s compensation was done with recognition and acknowledgment of the work done by the Compensation Committee with Towers Watson to ensure that the increase recommended is reasonable and in line with comparable positions.”

“I’m both humbled and honored by the Board’s trust in me to lead this important organization at such a critical time,” said Chehadé. “I’m glad to be able to expend my energy and passion towards ICANN‘s noble mission and great public responsibility. With focus, diligence and hard work, we will continue to evolve ICANN into a mature, global organization.”