SunRice boss gets 17 per cent pay rise despite 230 redundancies
The second-lowest rice crop on record and 230 redundancies didn’t stop SunRice granting its chief executive a hefty pay rise.
SUNRICE chief executive Rob Gordon, has gained a 17 per cent pay rise, lifting his overall remuneration to $3.34 million.
Mr Gordon received the hefty pay rise despite earnings per share slumping from 54.5c last year to 45.8c this year.
Last year SunRice sacked 230 staff due to a small crop.
Net profit after tax was $22.7 million this year, down $10.1 million or 31 per cent.
SunRice Chairman Laurie Arthur also enjoyed a lift in his remuneration, from $192,877 to $197,699.
SunRice’s 2020 financial year ran for the 12 months to April 30.
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