DCG decmil group limited

Ann: Management Changes, page-7

  1. 7 Posts.
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    How does any competent organisation announce that they are appointing a new CFO and then 1 week later decide that the old CFO is staying?

    My reading of this is that Thomas was not happy with his remuneration, which forced Decmil to make the change. At some stage they came to an agreement. As noted above by overloaded, "He's currently on $750K per annum with a further STI of $750K for "achieving certain milestones" (which have not been disclosed)" plus 6m performance rights.

    Let's put this in context, the CFO of NRW is on $800k and they have a market cap of $1.13bn compared to Decmil's $30m. Absolute lunacy.
 
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