NEWS: TWE CEO Michael Clarke was paid almost $4.5 million

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NEWS: TWE CEO Michael Clarke was paid almost $4.5 million

Postby StarNews » Fri Sep 04, 2015 9:39 am

Treasury Wine Estates CEO Michael Clarke was paid almost $4.5 million last year, as the company returned to profitability.
AAP on SBS Online
1 Sep 2015


The head of Penfolds maker Treasury Wine Estates earned almost $4.5 million in his first full year in the job.

Michael Clarke's base salary of $1.7 million was topped up with a $1.5 million cash bonus, and he could earn another $1 million in shares as part of long-term bonuses.

Mr Clarke was appointed CEO in March 2014 and has been cutting costs, streamlining the company's operations and brands and increasing its focus on Asia.

That contributed to Treasury Wine's return to profitability in the 2014/15 financial year, making an annual net profit of $78 million, up from the previous year's $101 million loss.

http://www.sbs.com.au/news/article/2015 ... y-hits-45m
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