Retail in Asia

In People

Coles boss pockets USD3.7m in his final year

Former Coles boss Ian McLeod was paid more than AUD4 million (USD3.7m) in cash in his final year in the job.

McLeod’s six years leading the supermarket giant came to end on 30 June, and he received a 28 percent rise in base pay in the year to June to AUD2.5 million, plus another AUD1.56 million in cash bonuses.

When shares and non-cash benefits are added, his annual remuneration totalled AUD4.8 million.