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SingTel CEO paid $4.15m
Home > Breaking News > Singapore > Story
Jun 29, 2010
SINGAPORE Telecommunicatons's (SingTel) group chief executive Chua Sock Koong's $2.7 million cash bonus last year boosted her net pay by 23 per cent to $4.15 million.
SingTel revealed this in its annual report for its financial year 2010 ended March 31, released on Tuesday morning.
This is the 52-year-old CEO's biggest paycheck since her appointment to the position in 2007. That year, she was paid $3.57 million. This fell to $3.38 million last year, because of a significantly lower bonus.
Other senior executives also got generous increments.
SingTel's Australian unit Optus chief executive Paul O'Sullivan, 49, saw his pay rise a whopping 42 per cent to $3.48 million, largely because of a more generous bonus of $1.8 million, compared to $941,000 last year.
Mr Allen Lew, SingTel's chief executive for Singapore, was paid $2.88 million, 17 per cent more than a year ago. In 2008, Mr Lew, 54, was SingTel's highest paid executive, with a then-paycheck of $3.9 million.
Outgoing chief executive for international Lim Chuan Poh, 55, who will retire at the end of the year, earned $2.25 million - up 23 per cent from $1.83 million last year
Separately, SingTel also announced that three directors, Mr Heng Swee Keat, Mr John Powell Morschel, and Mr Deepak S Parekh, will retire from the board at the coming AGM on July 30.
Mr Heng, 49, managing director of the Monetary Authority of Singapore, is an independent director and sits on its corporate governance and nominations, as well as compensation committees. He joined SingTel's board in 2003.
Non-executive chairman of Australia and New Zealand Banking Group Mr Morschel, 67, joined SingTel's board in 2001 and is also an independent director who sits on its compensation committee. He is also the chair of SingTel's Australian unit Optus' advisory committee.
Mr Parekh, 65, is an independent director who was appointed in 2004 and sits on its compensation committee. He is the chairman of India's Housing Development Finance Corporation.
SingTel declined to say who would replace them, but said the nominees will be at its July 30 AGM.
Home > Breaking News > Singapore > Story
Jun 29, 2010
SINGAPORE Telecommunicatons's (SingTel) group chief executive Chua Sock Koong's $2.7 million cash bonus last year boosted her net pay by 23 per cent to $4.15 million.
SingTel revealed this in its annual report for its financial year 2010 ended March 31, released on Tuesday morning.
This is the 52-year-old CEO's biggest paycheck since her appointment to the position in 2007. That year, she was paid $3.57 million. This fell to $3.38 million last year, because of a significantly lower bonus.
Other senior executives also got generous increments.
SingTel's Australian unit Optus chief executive Paul O'Sullivan, 49, saw his pay rise a whopping 42 per cent to $3.48 million, largely because of a more generous bonus of $1.8 million, compared to $941,000 last year.
Mr Allen Lew, SingTel's chief executive for Singapore, was paid $2.88 million, 17 per cent more than a year ago. In 2008, Mr Lew, 54, was SingTel's highest paid executive, with a then-paycheck of $3.9 million.
Outgoing chief executive for international Lim Chuan Poh, 55, who will retire at the end of the year, earned $2.25 million - up 23 per cent from $1.83 million last year
Separately, SingTel also announced that three directors, Mr Heng Swee Keat, Mr John Powell Morschel, and Mr Deepak S Parekh, will retire from the board at the coming AGM on July 30.
Mr Heng, 49, managing director of the Monetary Authority of Singapore, is an independent director and sits on its corporate governance and nominations, as well as compensation committees. He joined SingTel's board in 2003.
Non-executive chairman of Australia and New Zealand Banking Group Mr Morschel, 67, joined SingTel's board in 2001 and is also an independent director who sits on its compensation committee. He is also the chair of SingTel's Australian unit Optus' advisory committee.
Mr Parekh, 65, is an independent director who was appointed in 2004 and sits on its compensation committee. He is the chairman of India's Housing Development Finance Corporation.
SingTel declined to say who would replace them, but said the nominees will be at its July 30 AGM.
