SIA CEO's annual pay jumps by about 20% to S$8.1 million on the back of record profit
Mr Goh Choon Phong's renumeration for FY2023/24 comprises a base pay of S$1.44 million, bonuses of S$2.18 million, and shares and benefits amounting to about S$4.48 million.
Singapore Airlines CEO Goh Choon Phong speaks before a tour of Singapore Airlines' A380 fitted with newly launched cabin products at Changi Airport in Singapore on Dec 14, 2017. (File photo: REUTERS/Edgar Su)
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SINGAPORE: Following a record annual profit for Singapore Airlines (SIA), the salary of the national carrier's CEO has also gone up.
Mr Goh Choon Phong’s annual salary for FY2023/24 came in at S$8.1 million (US$5.98 million) - a 20.5 per cent jump from S$6.73 million in the previous year - according to SIA's annual report released on Monday (Jul 1).
His annual renumeration comprises a base pay of S$1.44 million, bonuses of S$2.18 million, as well as shares and benefits amounting to about S$4.48 million.
In May, SIA reported an annual net profit of S$2.68 billion for the fiscal year ended March 2024, compared with S$2.16 billion a year ago.
It also declared a final dividend of S$0.38 apiece, higher than the S$0.28 a year ago. Having delivered a record annual profit for two years straight, SIA announced in May that its staff would receive about eight month's bonus, the highest in the airline's history.
It exceeded the previous year's record of 6.65 months in profit-sharing bonus.
Shares of SIA closed at S$6.88 on Monday.
