Herrero’s $8.1 million pay rise was the year’s biggest for a CEO, followed by an extra $6.7 million for Wikramanayake, $4.55 million for Seven’s Ryan Stokes and $2.7 million more (a 76 per cent increase) for Novonix boss Chris Burns. In the CEO pay ranking, Wikramanayake was closely followed in second spot by Victor Herrero, the Spanish chief of jewellery chain Lovisa, who received $29.6 million in reported pay last financial year, despite an investor protest vote.

In the ranking of executive pay across the board, the Macquarie CEO was eclipsed by her head of commodities and global markets Nick O’Kane, who received $57.6 million last year, after the investment bank reported a $5.18 billion yearly profit. Shemara Wikramanayake is the country’s highest-paid CEO for the third year in a row. Telstra’s Vicki Brady, who received $5.25 million, was just outside the top 50, after starting in September last year. Her reported pay in 2022-23 was boosted by almost 30 per cent to top $30 million for the first time.ĭespite headlining the pay ranks, she is just one of two women on the list of 50 highest-paid CEOs, alongside Meg O’Neill at Woodside, ranked 25th on $6.7 million. Macquarie Group chief executive Shemara Wikramanayake has remained Australia’s highest-paid chief executive for the third year in a row. CEO pay for top 300 companies has fallen for the first time since the onset of the pandemic as investor and public activism, lacklustre economic growth and job cuts weigh heavily on leading boards.

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