The A2 Milk Company chairman David Hearn defended the payment of bonuses to executives after a year in which the baby formula and fresh milk maker’s share price halved, as he told the annual meeting how challenging the 2021 fiscal year had been.
Mr Hearn said everyone was disappointed with a2 Milk’s performance and share price, but the UK-based chairman said he was “pleased to deliver many significant achievements against our strategic objectives.”
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
