G8 Educations (ASX:GEM) CEO and MD takes a pay cut

Company News

by Rachael Jones

G8 Education’s (ASX:GEM) CEO and Managing Director Mr Gary Carroll has taken a pay cut.

His salary along with the other members of the Executive Leadership Team, will be reduced by 20 per cent for a 6-month period, which began on 1 May 2020.

The company says the change to Executives’ base pay during the peak COVID-19 period is part of the cash wage cost reduction program.

Shares in G8 Education’s (ASX:GEM) are trading 3.91 per cent lower at 86 cents.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.