Woolies’ boss sees his remuneration drop 23.4% during the year
WOOLWORTHS chief executive Ian Moir took home R23.04 million in the year to end-June. African News Agency (ANA)
WOOLWORTHS chief executive Ian Moir took home R23.04 million in the year to end-June. African News Agency (ANA)
DURBAN – Woolworths group chief executive Ian Moir’s total remuneration declined 23.4percent during the year to the end of June as the retail company continued to battle headwinds from its Australian unit and a dampened consumer spending in its South African home market.
Moir took home R23.04million during the period, compared with R30.56m the same period last year.
Woolworths’ annual report released yesterday said the shortfall could be attributed to the group’s long-term incentives paid to Moir.
In 2019, Moir received long-term incentives of R3.99m, while in 2018 the figure was R11.5m.
However, his 2019 basic salary of R18.91m was slightly lower than the R18.92m he received last year.
Source: iol.co.za
