A sweetener for Mackay
To ensure that he stays with the enlarged group during the period of integration of Miller Brewing Co. with South African Breweries, the SABMiller Chief Executive, Graham Mackay, was awarded 240,000 SABMiller shares, valued at GBP1.0 million, at the end of September 2002. This payment will be over and above the normal remuneration package that he receives. For the financial year 2001, Mackay was paid a basic salary of over GBP 400,000 and was the recipient of various generous share option schemes. Mackay can take ownership of the 240,000 shares after 3 years if SABMiller achieves a total shareholder return above that achieved by a similar group of companies on the FTSE. In Sub-Saharan Africa, beer volumes were up too, with strong soft drink performances in Angola and Zambia..
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