Lendlease responds to reporting on Executive Remuneration for FY20
- 23 Sep 2020
In what has been an unprecedented year, Lendlease took additional measures during the period to sustain the business, including materially reducing levels of executive remuneration. In April 2020, we announced overhead and employee cost reduction initiatives across the business, including a temporary 20% reduction in fixed remuneration of senior executives. Some of those funds were used to seed an employee hardship and wellbeing fund.
The pay the Group CEO received in FY20 was 45 per cent lower than the previous year.