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Sembcorp Industries CEO's 2015 bonus halved

Published Tue, Mar 29, 2016 · 09:50 PM

The oil price plunge has hit the remuneration package of Sembcorp Industries' top executive.

CEO Tang Kin Fei's total remuneration fell by some 28 per cent to S$4.45 million last year, as losses in Sembcorp's offshore and marine unit dragged down its net profit by 32 per cent, according to the group's latest annual report.

In particular, Mr Tang's bonus was halved from S$3.04 million in 2014 to S$1.53 million in 2015.

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