Xero CEO Sukhinder Singh Cassidy’s pay package hiked despite shareholder concerns
Xero has increased its chief executive's remuneration package to around US$18.5 million amid shareholder frustration over the company's falling share price.
Xero has significantly increased chief executive Sukhinder Singh Cassidy's pay package, raising her base salary and long-term incentive opportunities. The move comes as the company faces criticism from shareholders over recent weakness in its share price. The company's chair defended the decision as necessary to remain competitive in attracting and retaining senior executives.
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BusinessDesk
Xero CEO pay rise: Sukhinder Singh Cassidy gets five-times shareholding rule
Xero has increased chief executive Sukhinder Singh Cassidy's remuneration package despite recent weakness in the company's share price. Singh Cassidy's base salary will increase to US$640,000 (NZ$1.071 million) from US$540,000, and her long-term incentive and equity opportunity for the 2027…
NZ Herald
Xero CEO Sukhinder Singh Cassidy’s pay package to target US$18.5m
Xero boss gets a hefty pay increase, but also must hold shares.
RNZ
Xero's CEO gets pay-rise after review finds pay below other technology company leaders
Sukhinder Singh Cassidy became the chief executive in 2023.
NZ Herald
Xero CEO’s $30.9m pay package frustrates NZ Shareholders Association on back of share price dive
Half of chief executive Sukhinder Singh Cassidy’s bonus will be for sticking around.
BusinessDesk
Xero defends CEO's $30m pay package amid growing shareholder revolt
Xero chair David Thodey has defended the company's decision to hike chief executive Sukhinder Singh Cassidy's remuneration , while acknowledging shareholder frustration over the company's share price. Speaking at Xero's annual meeting on Thursday, Thodey said the software company needed…
NZ Herald
Xero chair defends CEO’s $30m pay package amid growing shareholder revolt
Chair David Thodey said it needed to remain competitive to attract senior executives.