Treasury Wine increases CEO’s salary

Treasury Wine Estates has increased chief executive Michael Clarke’s pack package by 29.4 per cent in recognition of his hard work turning around the wine company. The company has increased Mr Clarke’s fixed remuneration to $2.2 million a year, from $1.7 million, effective March 1, citing the “significant turnaround of the business over the past two years under his leadership and strategic initiatives put in place for future growth”.