Goh’s right-hand men, chief commercial officer Lee Lik Hsin and chief operations officer Tan Kai Ping, each drew a total remuneration of between S$3.5 million and S$3.75 million for FY2024.
SINGAPORE Airlines (SIA)‘s chief executive officer Goh Choon Phong earned S$8.1 million – a 20.6 per cent or S$1.4 million increase – in annual remuneration for FY2024, a banner year for the flag carrier whose net profit reached the highest-ever.
According to the annual report published on Monday (Jul 1), Goh’s total remuneration package comprised basic salary of S$1.4 million or 18 per cent of his total remuneration, S$2.2 million in bonuses (27 per cent of his total package), and S$4.3 million in SIA shares, with the remaining amount of nearly S$148,000 in benefits.
This came as SIA posted a record high net profit of S$2.7 billion (up from S$2.2 billion) and it rewarded eligible employees with almost eight months of profit-sharing bonuses.
In comparison, Goh’s remuneration for FY2023 was S$6.7 million – made up of S$1.1 million in basic salary, S$3 million in bonuses, S$2.5 million in shares and S$146,000 in benefits.
Goh’s right-hand men, chief commercial officer Lee Lik Hsin and chief operations officer Tan Kai Ping, each drew a total remuneration of between S$3.5 million and S$3.75 million for FY2024. Each of them was paid between S$2.75 million and S$3 million in FY2023.
SIA shares were S$0.02 or 0.3 per cent lower at S$6.88 on Monday at 11.55 am, after the annual report was published.
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