Singtel CEO’s pay comes amid turnaround, while SIA CEO’s may reflect peaking profits
Singtel is revitalising its core businesses and unlocking value while SIA has made the most of the pandemic-era shareholder support it received
THE chief executives of Singtel and Singapore Airlines (SIA) made headlines this past week when their multi-million-dollar pay packages were revealed in the latest annual reports of their companies – both of which have Mar 31 financial year-ends.
Goh Choon Phong, the CEO of SIA, was paid a total of S$8.1 million for FY2024. This was 20.6 per cent more than the S$6.7 million he earned for FY2023; and 47.4 per cent more than the S$5.5 million he pocketed for FY2019, before the Covid-19 pandemic.
Yuen Kuan Moon, the CEO of Singtel received a remuneration package of S$7.02 million for FY2024, some 30.5 per cent higher than the S$5.38 million for FY2023. (*see amendment note)
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
