A2 Milk Company Ltd (ASX: A2M) has appointed Jayne Hrdlicka as its new CEO and Managing Director. It also revealed what her pay structure would be… and it’s impressive.
a2 Milk Company is the business behind the popular a2 infant formula, a2 milk, a2 ice cream and other products under the a2 branding.
Ms Hrdlicka will take up her role on Monday, 16 July 2018.
a2 said that Ms Hrdlicka is well placed to help a2 with the next stage of growth due to her experience in strategy formulation and execution, insight into customer-centricity & innovation and an understanding of operating in a disruptive environment.
She has been the CEO of Jetstar for the last five years and has been a Non-Executive Director of Woolworths Group Ltd (ASX: WOW). Earlier in her life, Ms Hrdlicka was also a partner at Private Equity firm Bain & Company and she is also the non-executive President of Tennis Australia.
As part of her contract, Hrdlicka will be paid a fixed package of $1.5 million per year, including superannuation. She will have short-term and long-term incentives, as well as a $586,666 cash payment for leaving her old job. Plus, she will get an additional one week of extra holiday per year. Sounds good for her, right?
However, she will have large boots to fill as a2 Milk has been one of the strongest performing ASX shares over the past two years and has been delivering quickly-rising profits over the last few years as it expands in Asia.
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