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Programmed execs get retention payments from Persol to stay after takeover

Jenny Wiggins
Jenny WigginsInfrastructure reporter

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Programmed Maintenance Services' managing director Chris Sutherland will receive a $1.43 million retention payment if the company's $778 million takeover by Japan's Persol group goes ahead.

Perth-based Programmed, which provides a broad range of staffing, maintenance and facility management services, has disclosed in its scheme booklet that 49 people in its senior management team will receive retention payments.

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Jenny Wiggins writes on business, specialising in infrastructure, telecommunications and transport. Connect with Jenny on Twitter. Email Jenny at jwiggins@afr.com

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    Original URL: https://www.afr.com/companies/programmed-execs-get-retention-payments-from-persol-to-stay-after-takeover-20170901-gy8rwi