Theo SpieringsFonterra chief executive Theo Spierings was paid $8.32 million in 2017 - an annual increase of 78.5%. That remuneration makes him easily the highest paid chief executive of any listed company or fund in New Zealand. Previously it only revealed its highest paid employee - which was safey assumed to be its chief executive. In 2016, Fonterra's highest paid employee received $4.66m. The New Zealand Herald CEO Pay Survey reported departed Sky City boss Nigel Morrison was the highest paid executive for 2016.

Source: Otago Daily Times September 24, 2017 23:48 UTC