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Wattyl Announces Dr John Nolan as Managing Director of the Company

Published on 2005-07-05. Author : SpecialChem

Further to the ASX Announcement of 2 May, 2005 that non-executive director Dr John Nolan had agreed to act as Chief Executive Officer of Wattyl, the Board is pleased to confirm that Dr Nolan has accepted the role of Managing Director of the Company.

Key terms of Dr Nolan's contract are as follows:-

  • Initial term of 12 months commencing 2 May, 2005
  • Total Remuneration inclusive of superannuation contributions is $720,000 per annum
  • Notice period of 1 month
  • An entitlement to an incentive of up to a maximum of 75% of the Total Remuneration.

Any bonus payment will be at the sole and absolute discretion of the Board.

Source: Wattyl


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