WHAT NZ’S TOP EXECUTIVES ARE PAID
Average pay for 2014 financial year

$1,645,580
COMPANY

NAME

POSITION

PAY 2012

ANZ Banking Group
Fonterra
Fletcher Building
Ebos
SkyCity
Diligent
Westpac

David Hisco
Theo Spierings
Mark Adamson
Mark Waller
Nigel Morrison
Alessandro Sodi
Peter Clare

CEO NZ
CEO
CEO
CEO/Managing director
CEO
CEO
CEO NZ

Air New Zealand
Spark
Mighty River Power
Z Energy
Mainfreight
Meridian Energy
Sky Television
Nuplex Industries
Fisher & Paykel Healthcare
Heartland NZ
Auckland Int Airport
The Warehouse
Vector
Port of Tauranga
Contact Energy
Chorus
Trustpower
Genesis Energy
Steel & Tube Holdings
Freightways
Kathmandu
NZ Exchange
TVNZ
Ryman Healthcare
Metlifecare
Tower
NZ Oil & Gas
Restaurant Brands
A2 Milk Company
Trade Me
Skellerup
Solid Energy
Summerset Group
Orion Healthcare
Xero
Pacific Edge

Christopher Luxon
Simon Moutter
Doug Heffernan
Mike Bennetts
Don Braid
Mark Binns
John Fellet
Emery Severin
Michael Daniell
Jeffrey Greenslade
Adrian Littlewood
Mark Powell
Simon Mackenzie
Mark Cairns
Dennis Barnes
Mark Ratcliffe
Vince Hawksworth
Albert Brantley
Dave Taylor
Dean Bracewell
Peter Halkett
Tim Bennett
Kevin Kenrick
Simon Challies
Alan Edwards
David Hancock
Andrew Knight
Russel Creedy
Geoffrey Babidge
Jon Macdonald
David Mair
Garry Diack
Norah Barlow
Ian McCrae
Rod Drury
David Darling

CEO
Managing Director
CEO
CEO
Group Managing Director
CEO
CEO
CEO
Managing Director
Managing Director
CEO
CEO
CEO
CEO
CEO
CEO
CEO
CEO
CEO
Managing Director
CEO/Executive Director
CEO
CEO
Managing Director
CEO
CEO
Managing Director
CEO
Managing Director
CEO
CEO
CEO
CEO
CEO/Executive Director
CEO/ Executive Director
CEO

PAY 2013

$3,508,635 $4,010,458
$3,010,000 $3,520,000
$3,320,446
$3,385,831 $2,179,440
$2,820,800 $2,985,535
$2,773,218 $1,122,556
$3,198,610 $3,006,667
$650,000
$1,944,231
$1,492,601 $1,300,894
$1,657,000 $1,852,335
$471,605 $1,092,000
$1,580,000 $1,685,000
$2,008,779 $1,899,146
$1,382,163
$1,619,614
$1,158,739 $1,390,999
$1,150,313
$1,169,000 $1,969,000
$1,460,000 $1,470,000
$956,000 $968,000
$1,303,250 $1,582,924
$643,925 $1,847,663
$829,999 $1,009,999
$1,210,000 $1,360,000
$988,000 $1,180,000
$922,273 $1,136,821
$1,146,417 $1,779,908
$389,999 $1,039,000
$820,000 $730,000
$650,842
$745,671
$854,062
$807,354
$219,429
$415,520 $620,208
$1,029,999 $669,999
$659,999 $1,399,999
$541,624
$554,510
$621,000 $879,000
$1,460,000
$708,179 $689,998
$640,497
$407,424
$255,000 $355,000
$299,999
$279,999

David Hisco

ANZ Banking Group

Change: 2013 to 2014
+/–

$4,267,855
$4,180,000
$3,730,679
$3,475,720
$3,237,313
$3,072,140
$2,984,057

6.42%
18.75%
12.35%
59.48%
8.43%
173.6%
-3.74%

$2,541,466 290.99%
$2,222,029
14.29%
$2,184,828 67.95%
$2,060,000
$1,865,971
0.74%
$1,859,016 70.24%
$1,810,000
7.42%
$1,806,663
-4.87%
$1,798,008
11.01%
$1,610,907
15.81%
$1,596,973 38.83%
$1,510,000 -23.31%
$1,510,000
2.72%
$1,464,000
51.24%
$1,463,316
-7.56%
$1,416,287 -23.35%
$1,359,999 34.65%
$1,306,119
-3.96%
$1,190,000
0.85%
$1,161,092
2.13%
$1,139,084
-36%
$1,129,000
8.66%
$1,030,000
41.10%
$838,249
12.42%
$811,040
0.46%
$728,155 231.84%
$702,443
13.26%
$699,999
4.48%
$692,648 -50.53%
$675,783
21.87%
$664,000 -24.46%
$660,000 -54.79%
$464,539 -32.68%
$417,409
2.45%
$395,000
11.27%
$329,999
17.86%

$1.7b
$179m
$351m
$92.1m
$98.5m
$12.5m
$864m

Converted from AUD
One employee earns

Pay converted from USD
Stepped down in August 2014.
Converted from AUD
$262m CEO from January 2013
$460m
$212m
$95m One employee earns
$89.6m
$229.8m CEO from Jan 2012
$161.4m
$52.4m Converted from AUD
$97.1m
$36m
$215.9m CEO from Nov 2012
$77.3m
$171.3 One employee earns
$78.3m
$234m
$148m
$115.1m One employee earns
$49.2m
$17.9m
$41.7m
$42.2m
$13.1m One employee earns. CEO from May 2012
$18.1m One employee earns. CEO from May 2012
$194.8m
$68.8m
$23.6m CEO from July 2013
$10.1m
$20m One employee earns
$10m
$80.1m
$41.1m
$181.9m loss Left in May 2014. One employee earns
$54.2m Left role in April 2014
$1.1m loss
$36m loss
$10m loss One employee earns

Data sourced from 2014 annual reports

2 $4,180,000
Theo Spierings
Fonterra

3 $3,730,679
Mark Adamson
Fletcher Building

4 $3,475,720
Mark Waller
Ebos

$1,495,694

COMPANY
PROFIT

PAY 2014

TOP EARNERS

1 $4,267,855

+10%

Average pay
for 2013 was

5 $3,237,313
Nigel Morrison

SkyCity Entertainment

NOTES
Currency conversion rates: A$0.93 and
US$0.71
Previous year’s pay in foriegn currency
re-calcuated with new conversion rates.
Average pay and percentage changes
calculated where data was available for both
years.
Some companies were excluded from
calcuations if the timing of appointments
unduly affected results.
Unless specifically declared, the top paid
employee was assumed to be the chief
executive. Situations where there is no
specific declaration are marked with the
comment “one employee earns”.
Where earnings for an unspecified employee
were declared in a band the upper limit was
used.
Remuneration data is based on obvious
declared earnings including base, bonus,
performance, relevant share options and
pensions in the year they were paid.

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