Mainfreight Group managing director Don Braid is the tenth highest paid executive of a listed company in New Zealand.
The NZ Herald has listed the top 44 top executives of listed companies in its business section today which reveals that ANZ Banking Group CEO David Hisco is the highest paid executive in New Zealand on $4.1 million.
Unlike privately held firms which don’t have to report the pay packets of their chief executives and board, all listed companies on the stock exchange are obligated to do so.
Braid is the highest paid boss of a publicly listed transport/logistics provider in New Zealand, pulling in $1.85 million according to the NZ Herald.
Mainfreight Group’s profit this year was $66 million.
Freightway’s managing director Dean Bracewell was further down the list from Braid with $1.13 million, and the company’s reported profit was $40.3 million.
In comparison, Port of Tauranga made a profit of $112.1 million but chief executive office Mark Cairns received a remuneration package of $968,000.
Air New Zealand made a profit of $182 million, and chief executive officer Christopher Luxon was paid $650,000 for leading our national and international carrier.
TradeMe Group made a profit of $78.6 million but chief executive officer Jon MacDonald’s salary was reported to be $554,510 for his services to the online sales portal.
