Jayne Hrdlicka Salary: During his eight years as Chief of Milk Geoffrey Babidge, now on a provisional basis following his successor Jayne Hrdlicka’s sudden exit, made a fortune. It reported only 56 pesos halfway through the tenure of his company and closed on Monday for $14. Nor did Hrdlicka, a former consultant from Bain, take over mid-2018. If you add her 1,5 million dollars per annum salary, free shares, and other transition benefits, she’s paying a total of $10,2 million for the 18 months she led the Tasman dairy juggernaut.
Under the terms of employment given to NZX, Hrdlicka’s annual pay is A$ 1.5 million and her success against main metrics is an annual bonus of up to 100 percent. In its own evaluation of its results, the a2 Milk Board may also increase or reduce by 20 percent.
Five years before joining a2 Milk, Hrdlicka was Chief Executive Officer of Qantas, Jetstar Group. A2 Milk posted a net profit rise of 55% for six months up to December last month to hit $152.7 million, leading a sharp rally in its share price.