Big payday announced for departing High Liner CEO

Published on
April 4, 2016

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.

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