Former Virgin Australia chief executive Jayne Hrdlicka will receive more than $50 million in compensation for successfully flying the airline out of administration.
Ms Hrdlicka will get 10.3 million shares, worth $33 million at current prices, and has received $18.4 million in "other cash payments," Virgin Australia said in an annual report released on Friday.
That remuneration package reflects her key role for nine months of 2024/25, until her departure on March 13.
"During her tenure, Jayne successfully led the group's exit from voluntary administration, stand up of the airline during the COVID-19 pandemic and the transformation of Virgin Australia into a profitable and sustainable business," the annual report said.
Ms Hrdlicka also led Virgin Australia's deeper strategic partnership with Qatar Airways, which included it taking a 25 per cent stake in Virgin, the report noted.
The board of directors allocated her 10.2 million of the nearly 17 million shares available to her under Virgin's legacy management equity plan, with the stock released to her progressively over the next three years.
The report said that meant that Ms Hrdlicka earned a below-market annual compensation package for the first four years of her tenure, with her compensation heavily weighted to the period following a successful IPO.
That occurred in June, when Virgin returned to the ASX.
Virgin shares were trading at $3.275 on Friday, up 12.9 per cent from their IPO price.
Current CEO Dave Emerson received a one-off signing bonus of one million shares with a face value of $3 million.
This financial year he'll receive $1.3 million in fixed compensation and has the opportunity to earn another $3 million in long and short-term bonuses.
Currently the chairman and board president of Tennis Australia, Ms Hrdlicka is also working part-time for Endeavour Group as its incoming CEO, a role she is to officially begin on January 1.
There she'll receive an annual salary of $2 million, and be eligible to get up to $7 million more in performance-based bonuses.
