Keppel CEO takes 10% base pay cut; total remuneration falls 11.6%

Singapore

KEPPEL Corporation's chief executive Loh Chin Hua took a pay cut last October in a financial year when the group was hit by the proverbial perfect storm.

Mr Loh voluntarily reduced his monthly base salary by 10 per cent with effect from Oct 1, 2016, Keppel's FY2016 annual report said.

His base or fixed salary was S$1.16 million for 2016. And his total remuneration for the year, which included the base pay, was S$5.95 million, a fall of 11.6 per cent. Als…