UGL chief staying on

Richard Leupen's contract was extended for 13 months. He would have stepped down in March, but the extension means he will now remain in the role until April 2015.

The extension was announced as UGL moves to split its engineering and property businesses. The article links the longer contract with that corporate transition.

The extension is for 13 months and keeps Richard Leupen in the chief executive role until April 2015.

The extended contract includes fixed remuneration of $2.08 million a year plus a $1.5 million strategic incentive fee, as reported in the article.

No. The article states the extended package includes a $1.5 million strategic incentive fee but does not provide details about the fee's conditions or structure.

According to the article, keeping Richard Leupen on through the transition gives UGL continuity of leadership while it moves to split the two businesses. The piece does not provide further analysis of the operational or financial impact.

No. The article reports the contract extension and pay details but does not mention shareholder reactions, board votes, or market responses.

No. The article focuses specifically on UGL and its chief executive Richard Leupen, and on the company's move to split its engineering and property businesses.