GDG’s chair and CEO salary sweeteners | Australian Markets
Just months after finishing the Evidentia transaction, Generation Development Group chair, Rob Coombe and chief government, Grant Hackett, have had their remuneration preparations enhanced.
The company reported to the Australia Securities Exchange (ASX) that Coombe’s fixed remuneration would increase by $100,000 a yr to $350,000 whereas Hackett’s fixed remuneration would increase by $54,536 to $700,000 inclusive of superannuation.
The ASX announcement additionally mentioned that Hackett could be eligible for a short-term incentive of up to 90% of fixed remuneration upon satisfying efficiency hurdles up from 50% underneath prior preparations, whereas Coombe would obtain a short-term incentive of $125,000 for the period from 1 January, this yr to 30 June, this yr with no additional short-term incentives payable.
It mentioned that Coombe would even be eligible for 2 million indeterminate efficiency rights which is able to vest on 31 December 2027 subject to TSR vesting hurdles and continued dedication as Executive Chair till 31 December, subsequent yr and as a GDG director till 31 December, 2027.
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