Vanessa Hudson, who will take over as Qantas CEO from Alan Joyce in November, will have a base salary around 25 per cent less than her predecessor.
Ms Hudson will be paid a base salary of $1.6 million, while Mr Joyce had a base salary of $2.17 million.Qantas has revealed the pay packet of its incoming CEO, with Vanessa Hudson set to take home a base salary of $1.6 million.According to Qantas, Ms Hudson - who is Qantas Group’s Chief Financial Officer and has held a number of executive positions at the company over 28 years - will have a target total remuneration of $5.76 million.
Alan Joyce, who is retiring in November, had a target total remuneration of $8.4 million in his final year in the role, 30 per cent higher than Ms Hudson's in her first year. Eliza Littleton, senior economist at the Australia Institute's Centre for Future Work, described the difference in pay between Ms Hudson and Mr Joyce as an example of the gender pay gap.
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