Moir’s big pay day suggests he is staying put at Woolworths
Store and supply-chain staff paid bonuses for first time in three years
Woolworths group CEO Ian Moir, who has come under attack for championing the disastrous 2014 acquisition of Australian-based David Jones, has been allocated shares worth R28.5m, putting paid to speculation that he’s on his way out.
That was in addition to the R23m remuneration he received in 2019. As he will be able to exercise the right to trade on the shares only in three years’ time, the award, contained in the company’s latest annual report, means it is unlikely the board is planning to force him to retire before his contract expires in 2021...