Mullin banks Echo exit pay

Former boss takes leave payments, share-based allocations after stepping down.

Echo Entertainment Group (EGP) paid its former chief executive officer Larry Mullin a total of $853,502 in fiscal 2013, after he stepped down from the position in September last year.

In its annual report, the group said Mr Mullin received cash in lieu of superannuation, as he was a senior executive temporary resident of Australia.

He officially ceased employment on January 31 this year and received an annual leave payment of $63,432, a reversal for long service leave provision of $85,263 and share-based allocations of $250,000.

In fiscal 2012, Mr Mullin's total remuneration was $2.7 million, of which nine per cent was performance based.

New chief executive John Redmond's total remuneration was $1.5 million in fiscal 2013, of which 8% was performance based, after he was appointed in December last year.

Chief financial officer Matt Bekier's total remuneration was $1.3 million in the year, of which 20% was performance based.

Among other executives, total remuneration was $1.1 million for The Star managing director Frederic Luvisutto, $432,032 for Treasury Casino and Hotel Brisbane managing director Geoff Hogg, and $530,214 for Jupiters Hotel and Casino Gold Coast managing director Aaron Gomes. 

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