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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.

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Tags CEO Hyro remuneration

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