MELBOURNE: Myer has released its first annual report as a listed company, with changes to CEO Bernie Brookes' remuneration package among the included details.
The national department store published its annual report to shareholders on October 8. The report revealed Brookes' total remuneration package for 2010 was valued at $5.449 million. The figure includes Brookes' cash salary, bonuses, superannuation and share options.
The $5.449 million figure is up from Brookes' 2009 remuneration package of $2.987 million.
Pay rises were evident across the rest of Myer's executive and management personnel as well, with director of store operations Nick Abboud, CFO Mark Ashby and director of buying operations Penny Winn also receiving increases.
The report revealed Brookes' contract with the department store runs until August 21, 2012.
Myer listed on the Australian Stock Exchange on November 2, 2009.