Business
New A2 Milk CEO must buy before selling – The Australian Financial Review
A2 Milk’s last chief executive took some by surprise when she unexpectedly sold shares. Now they’ve named a replacement, the company is making sure that mistake won’t be repeated.
He will receive a base salary of $1.75 million, including superannuation, and may receive a short-term incentive payment of 120 per cent of his fixed base salary in his first year, though performance objectives have yet to be determined.
On an annual basis, he will be able to take up performance rights under the long-term incentive plan equivalent to 160 per cent of his fixed remuneration. These will vest over three years, with conditions to be determined. Mr Bortolussi will receive an addition…
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