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75 Qantas Annual Report 2009
Directors’ Report
for the year ended 30 June 2009
KEY MANAGEMENT AND
HIGHEST REMUNERATED
EXECUTIVES
$
EXECUTIVES – CONTINUING
Bruce Buchanan 2009 589,691 – 16,017 605,708 10,309 21,000 31,309 65,835 70,529 – – 773,381
CEO Jetstar 20 08 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n /a
(1 Oct 08 to 30 Jun 09)
Rob Gurney2 2009 74,596 – 21,356 95,952 9,492 21,000 30,492 2,085 21,511 – – 150,040
Group Executive 2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Qantas Airlines Commercial
(5 May 09 to 30 Jun 09)
Simon Hickey 2009 506,209 – 75,746 581,955 37,500 21,000 58,500 30,000 448,544 – – 1,118,999
CEO Qantas Loyalty 2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
(1 Oct 08 to 30 Jun 09)
Lyell Strambi 20 09 469,712 – 96,486 566,198 8,018 21,000 29,018 12,226 24,481 – – 631,923
Group Executive, 2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Qantas Airlines Operations
(1 Dec 08 to 30 Jun 09)
Total – Executives 2009 1,640,208 – 209,605 1,849,813 65,319 84,0 00 149,319 110,146 565,065 – – 2,674,343
continuing at 30 June 2008 n /a n /a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
EXECUTIVES – NOT CONTINUING
John Borghetti2 20 09 946,836 – 218, 4 04 1,165,240 198,812 21,000 219,812 151,362 1,416,985 346,061 1,635,747 4,935,207
Group Executive 2008 1,146,085 1,336,000 206,793 2,688,878 182,599 17,500 200,099 83,841 2,803,852 – – 5,776,670
Qantas Airlines
(1 Jul 08 to 5 May 09)
Kevin Brown 2009 482,716 – 185,821 668,537 24,000 21,000 45,000 9,361 1,175,222 55,692 1,424,122 3,377,934
Group Executive People 2008 722,821 674,000 213,566 1,610,387 41,200 17,500 58,700 95,945 2,093,239 – – 3,858,271
(1 Jul 08 to 28 Feb 09)
David Cox 3 2009 642,173 – 77,853 720,026 42,135 21,0 0 0 63,135 17,875 1,229,828 129,635 715,000 2,875,499
Executive Manager 2008 641,716 451,000 139,599 1,232,315 42,520 17,500 60,020 36,588 2,047,199 – – 3,376,122
Qantas Engineering
Curtis Davies2, 3 2009 522,779 – 91, 24 4 614,023 62,958 21,000 83,958 13,912 834,400 40,667 600,000 2,186,960
Executive Manager Services 2008 n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a n/a
Grant Fenn 4 2009 745,505 – 174,830 920,335 40,008 21,0 0 0 61,008 21,625 490,480 63,611 108,125 1,665,18 4
Group Executive 2008 740,690 642,000 210,615 1,593,305 40,008 17,500 57,508 108,360 2,093,239 – – 3,852,412
Strategy & Investments
Total – Executives not 2009 3, 340,009 – 748,152 4,088,161 367,913 105,000 472,913 214,135 5,146,915 635,666 4,482,994 15,040,784
continuing at 30 June 2008 3,251,312 3,103,000 770,573 7,124,885 306,327 70,000 376,327 324,734 9,037,529 – – 16,863,475
Total – Key Management 2009 4,980,217 – 957,757 5,937,974 433,232 189,00 0 622,232 324,281 5,711,980 635,666 4,482,994 17,715,127
and Highest Remunerated 2008 3,251,312 3,103,000 770,573 7,124,885 306,327 70,000 376,327 324,734 9,037,529 – – 16,863,475
Executives at 30 June
1. A breakdown of Share-based Payment is provided on page 76.
2. Superannuation benefits are provided through a defined benefit superannuation plan. The amount disclosed has been measured in accordance with A ASB 119 Employee Benefits.
3. Mr Cox and Mr Davies terminated employment on 3 July 2009.
4. Mr Fenn will terminate employment on 1 October 2009.
Remuneration Report (Audited) continued
Post-Employment BenefitsShort-Term Employee Benefits
Total
Non-Cash
Benefits
Cash
Incentives
Cash
FAR
Year
Superannuation
Total
Travel
Total
Termination
Benefits
Statutory
Annual Leave
Share-based
Payment 1
Other
Long-Term
Benefits