Print, paper and packaging heads appear on Financial Review top earners list

The list ranked the highest paid CEOs and executive chairmen in publicly listed Australian companies, including base salary and incentives, for the year ending 30 June.

Amcor chief executive Ken McKenzie was the highest earner from a company with a stake in printing.

McKenzie’s total remuneration for the year stood at $6.06m, up 35% from the previous year. His base salary of $1.78m was propped up by short-term and long-term incentives linked to the acquisition and integration of Alcan Packaging.

Computershare chief executive Stuart Crosby was next on the list with total remuneration of $3.97m for the year, up 59%, while Fairfax Media chief executive Brian McCarthy pocketed $3.16m, representing a rise of 52%.

Departed Paperlinx chief executive Tom Park earned $2.68m, up 19% from 2008/09. The company, which posted a $225m full-year loss, has been subject to market and shareholder disapproval over the size of remuneration.

APN News and Media chief executive Brendon Hopkins, who will step down at the end of this year, earned $2.5m for the year, followed by PMP chief executive Richard Allely, who grossed $2.09m.

McPherson’s chief executive Paul Maguire and Salmat chief Grant Harrod rounded out the list of print-related executives on the list, grossing $1.74m and $1.64m, respectively.

Not included on the list was Gunns chairman John Gay, who left the company in May prompted by shareholder upheaval. The AFR reported that Gay was paid more than $2.63m for the year, including a $671,000 termination payment.

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