Cathy O'Connor was paid $2.1 million in 2023

Chris Pash
By Chris Pash | 26 March 2024
Cathy O'Connor

Cathy O'Connor, the CEO of the biggest local outdoor media player oOh!media, was paid $2.1 million in 2023.

According to the company's annual report, using the statutory salary calculation, O'Connor's salary was slightly higher than the year before at $2.05 million.

More than one-third (36%) of her 2023 pay was performance based.

Her base salary was $1,302,655, short term incentive cash $194,889 and long term $517,378. 

O'Connor also has 1,222,294 share rights, not yet vested. These are valued at more than $2.1 million, using the current share price.

"Our approach to remuneration is to deliberately align remuneration with performance and to incentivise growth through a significant component as at-risk variable pay," said Philippa Kelly, a director and chair, talent & culture committee.

"We are confident the outcomes this year are consistent with the performance of oOh!media and the experience of our shareholders, while also recognising our critical need to attract, motivate and retain our executives in order to progress our strategic objectives and deliver the best outcomes for all shareholders."

O'Connor's pay compares well to other media CEOs of ASX-listed companies.

At Nine, Mike Sneesby's last salary, using the statutory method, was $3,414,189. But he runs a larger organisation with revenue at $1.37 billion in the six months to December.

ARN Media's Ciaran Davis was paid $2,004,345, with a base of $1,139,930. At $334.3 million, ARN's revenue is about half that of oOh!media.

oOh!media lifted revenue 7% to $633.9 million in the year to December, buoyed by a vigorous outdoor media market in Australia. Profit was up almost 10% to $34.6 million. 

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