Wizz Investors Back CEO Bonus Amid ‘Parade of Black Swans’
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Wizz Air Holdings Plc shareholders approved a new bonus package for the chief executive officer, rewarding him for steering the low-cost carrier at a time of geopolitical challenges and widespread aircraft groundings.
The Budapest-based airline received 74% of votes in favor of changes to Jozsef Varadi’s pay package, while 63% of votes approved the directors’ remuneration policy, Wizz said on Wednesday in a statement following its annual general meeting. All resolutions were passed apart from one concerning the “disapplication of pre-emption rights in connection with an acquisition or specified capital investment.”