Woolworths’ new chief is unlikely to steal the title of Australia’s highest paid executive from former Coles boss Ian McLeod, who collected almost $55 million over five years for turning around the once-struggling supermarket chain.
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However, analysts and investors are in little doubt that Woolworths’ chairman Gordon Cairns will have to dig deep to hire a top-notch North American or European food industry executive to restore the fortunes of Australia’s largest retailer. Sydney Morning Herald – Read more…