BusinessCompany NewsBHP Billiton CFO earns $2m pay packet

BHP Billiton CFO earns $2m pay packet

Mining giant's annual report gives details of Alex Vanselow's $2m salary and cash bonus package, which excludes $1.4m of long-term incentive and retirement benefits

CFO Alex Vanselow was paid more than $2m (1m) by his BHP Billiton paymasters.

The information was disclosed in the FTSE 100 corporate’s annual report
published yesterday, in which it posted revenues of almost $40bn.

Vanselow assumed the CFO throne at the Australian miner on 1 April 2006.

When his retirement benefits and share-based payments – including long-term
incentives – are factored into the equation, as is required by the Australian
Corporations Act 2001 and the relevant accounting standards, Vanselow’s total
pay packet swells to $3.4m.

Further reading:

New
CFO at world’s biggest mining group

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