Pacific National is storing grain wagons at Murtoa to have them cut up
Pacific National Launches New Mobile Application
PN Coal derailment Kankool
Pacific National's freight rail coal haulage down
First Inland Rail Tender Approved
Riding the grain train
Delivery of seven N-ViroMotive locomotives to Australian rail operator Pacific National
Downer EDI and Pacific National sign billion dollar rail deal
Asciano flags storm rail hit
Jobs will flow as timber brings life to rail terminal
Asciano’s executive remuneration 2016 report revealed that CEO John Mullen will have been paid just over $8.18m for 2016, a 72.3% increase on the previous year.
Mr Mullen had a take-home pay of $4.23m, comprising $1.96m in fixed annual remuneration (base salary, superannuation contributions and non-salary benefits); $1.5m in short-term incentives (paid in cash in the 2016 financial year); and $763,166 in short-term incentives.
He will also benefit from $5.83m of long-term rights along with $19,308 of super; $30,518 of long-service leave accrual; and $1,591,175m of termination payments.
In total, Mr Mullen will be paid just over $8.18m, which is a 72.3% increase on the year to end June 2015 figure of just over $4.74m.
Whopping pay increases for directors
CFO Burrows was paid just under $2.88m, which is a 102.4% increase on the previous year; David Irwin (director Pacific National) was paid $2.5m, up 53.8% on the 2015 figure; Murray Vitlich, director Patrick, earned $2.9m, up 197.3% on the previous year.
Nice part-time work if you can get it
Independent directors did quite well out of the trough that is Asciano.
Chairman Malcolm Broomhead pocketed $525,500. Independent directors Chris Barlow, Robert Edgar, Peter George and Shirley Int’t Veld took home $217,500 each; Geoff Kleeman earned $237,500 while Ralph Waters earned $197,500.
This article first appeared on www.lloydslistaustralia.com.au
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2021 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.