The departing CEO of High Liner Foods, Henry Demone, will leave the prominent Canadian seafood company in May with a sizeable parting gift – a CAD 2.67 million (USD 2 million; EUR 1.8 million) payday.
In a letter to investors, High Liner outlined Demone’s compensation, which incorporates cash and stock-based bonuses, money for accrued vacation, a pension contribution, a long-service award and life insurance coverage. This is in addition to Demone’s regular paycheck, which has climbed since 2014 when it was valued at CAD 2.31 million (USD 1.77 million; EUR 1.56 million), reported The Chronicle Herald. Demone’s shares in High Liner presently amount to CAD 8.31 million (USD 6.37 million EUR 5.59 million), a drop from the CAD 12.17 million (USD 9.33 million; EUR 8.19 million) tallied one year prior.
Current High Liner CEO Keith Decker, who succeeded Demone, now earns CAD 1.65 million (USD 1.26 million; EUR 1.11 million), an increase over the CAD 1.33 million (USD 1 million/EUR 895,000) he made as president of the company one year before.
