NextDC unveils $150m bonus plan to keep star executives

Tess BennettTechnology reporter

Updated Feb 24, 2025 – 4.45pm, first published at 1.30pm

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NextDC chief executive Craig Scroogie is in line for a $112 million windfall, which would make him one of the ASX’s highest-paid bosses, if he can more than double the data centre operator’s share price over the next five years, under a new long-term bonus plan.

Founded in 2010, NextDC built and operates 17 data centres in Australia, New Zealand and Asia. However, it has become a hunting ground for digital infrastructure rivals, including Blackstone-owned AirTrunk and Amazon Web Services, as hundreds of billions of dollars flow into the sector.

clarification —

This article has been updated to reflect the value of the incentive plan if NextDC’s share price reaches the $32.52 target.

Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter.