SingTel – TODAY
SingTel CEO pay rises 8.7%
SingTel’s chief executive officer Chua Sock Koong received S$4.9 million in total remuneration for the firm’s financial year ended March ths year.
This is 8.7 per cent higher compared to her pay package of S$4.5 million in the previous year.
In its latest annual report, SingTel disclosed that Ms Chua received a fixed component of S$1.6 million. She also received cash bonuses of S$3.2 million.
The other components of her pay include the company’s contribution to the provident fund amounting to S$9,474, and benefits such as car and club memberships totalling S$74,251.
The CEO’s hike in remuneration came as the telco rang in a net profit of S$3.99 billion or a 4.3 per cent on-year increase for the full year.
The group’s operating revenue for the year also increased 4.2 per cent to S$18.8 billion compared to the previous year.
SingTel’s next highest paid senior management staff is Allen Lew, Country Chief Officer (Singapore) and CEO Group (Digital L!fe), who earned S$3.4 million.
In third is CEO Group Consumer and Country Chief Officer Australia, Paul O’Sullivan, who earned S$3.27 million.
In a statement, Ms Chua said despite looking for new growth areas, the “core telco business remains the critical lynchpin to our success”.
She added that the company will continue to review “the core foundations of our carrier business to anticipate industry changes rather than simply react to them”. CHANNEL NEWSASIA