Hyro, CEO reach deal on remuneration

Hyro, CEO reach deal on remuneration

Hyro Limited (ASX:HYO) has negotiated a remuneration package for its CEO, Bill Votsaris.

If shareholders approve the proposal, Votsaris will now be entitled to equity incentives linked to the company achieving its 2010 revenue and profit targets.

The incentives have been offered because the KPIs are key targets for the company in 2010.

Votsaris has also been offered performance-based options for his tenure in 2009, consisting of 4% of Hyro’s share capital in exchange for achieving an ebitda of $12 million.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags CEO Hyro remuneration

Show Comments