Former Impala Platinum CEO Brown’s Pay Climbs 28% in Fiscal 2013
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Impala Platinum Holdings Ltd. paid former Chief Executive Officer David Brown 28 percent more in his last three months at the world’s second-biggest producer of the metal than in the entire preceding financial year.
Brown, who stepped down as CEO at the end of June last year, remained a director of Impala for a further three months during which he was paid 16.8 million rand ($1.7 million) in salary, benefits and bonuses, the Johannesburg-based company said in its annual report posted on its website. Brown was paid 13.1 million rand during his last full year as CEO.