SWM annual meeting: Kerry Stokes defends performance and Warburton’s pay

November 9, 2021 4:04

Seven West Media (SWM) chair, Kerry Stokes, has defended the pay and performance of managing director and CEO, James Warburton at today’s annual general meeting.

“It is in the board’s opinion and my personal opinion that he is not overpaid,” said Stokes. “He is paid for performance, and considering the problems we faced with the pandemic and other issues, hitting the company at the same time, James’ dedication and resolve have enabled us to get to where we are now, and I am very pleased with that progress.”

Stokes also told shareholders via the virtual meeting that the board believes that the short-term incentive outcomes for executives this year are “fair and appropriate” and reflect the “strong performance against both financial and non-financial performance metrics,” including significant progress in its transformation strategy.

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Olivia Kruimel

Olivia Kruimel was the managing editor at Mumbrella. She has more than 15 years of experience in journalism, communications and marketing. Her journalism career began at Fairfax Media (now part of Nine) and includes various B2B publications such as B&T, Travel Today and ALB. As a marketer Olivia has worked for Standard Chartered and various global law firms.