SIA chief Goh Choon Phong’s annual pay up 20.6% to $8.1m as airline posts record earnings
Sign up now: Get ST's newsletters delivered to your inbox
Mr Goh’s pay package included $1.4 million in basic salary, $2.2 million in bonuses, $4.3 million in SIA shares and nearly $148,000 in benefits.
PHOTO: ST FILE
Tay Peck Gek
Follow topic:
SINGAPORE - Singapore Airlines (SIA) chief executive Goh Choon Phong saw his pay increase 20.6 per cent to $8.1 million for financial year 2024, when the flag carrier’s earnings reached its highest ever.
According to the company’s annual report, released on July 1, Mr Goh’s total remuneration package comprised $1.4 million in basic salary (or 18 per cent of his total remuneration), $2.2 million in bonuses (27 per cent of his total package), and $4.3 million in SIA shares, with the remaining amount of nearly $148,000 in benefits.
This came as SIA posted a record net profit of $2.7 billion,
In comparison, Mr Goh’s remuneration for financial year 2023 was $6.7 million – made up of $1.1 million in basic salary, $3 million in bonuses, $2.5 million in shares and $146,000 in benefits.
Mr Goh’s right-hand men, chief commercial officer Lee Lik Hsin, and chief operations officer Tan Kai Ping, each drew a total remuneration of between $3.5 million and $3.75 million for financial year 2024.
Each of them was paid between $2.75 million and $3 million in financial year 2023.
SIA shares closed two cents, or 0.3 per cent, lower at $6.88 on July 1, after the annual report was published. THE BUSINESS TIMES
