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Joe Aston

Clinuvel board praises "unusual, amazing" CEO Philippe Wolgen

The Clinuvel board reckons CEO Philippe Wolgen is "of a different calibre". We don't disagree.

Joe AstonColumnist

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There are companies on the fringes of the ASX 200 that are easily mistaken for asylums. One of them is Clinuvel Pharmaceuticals.

Take this excerpt from the remuneration report within its preliminary annual report filed on Thursday. “In recent weeks, the remuneration committee and board has been surprised, impressed but proud to learn that our CEO has waived and rejected his STI awarded to him for achieving 70 per cent of the KPIs for 2020,” wrote the committee’s chairman, William Blijdorp.

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Joe Aston helmed The Australian Financial Review's Rear Window column from 2012 to 2023. Connect with Joe on Facebook and Twitter.

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    Original URL: https://www.afr.com/rear-window/clinuvel-board-praises-unusual-amazing-ceo-philippe-wolgen-20200831-p55r06