Cimic Awards Chairman A$3 Million Bonus
15 December 2016 - 10:33AM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Cimic Group Ltd. (CIM.AU) said Thursday it will award
executive Chairman Marcelino Fernandez Verdes a 3 million
Australian dollar (US$2.2 million) special bonus this year.
The company said the bonus is linked to Mr. Fernandez Verdes's
"outstanding performance during his tenure" with the company.
Cimic said he has successfully restructured the Australian
company's operations and improved its balance sheet, placing Cimic
"in a robust and competitive position" including to be "able to
make meaningful acquisitions."
The Sydney-based construction firm is currently in the process
of a takeover UGL Ltd. (UGL.AU), an Australian engineering services
company.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
(END) Dow Jones Newswires
December 14, 2016 18:18 ET (23:18 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
CIMIC (ASX:CIM)
Historical Stock Chart
From Jun 2024 to Jul 2024
CIMIC (ASX:CIM)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about CIMIC Group Limited (Australian Stock Exchange): 0 recent articles
More Cimic Fpo News Articles