The ABC reports that Actew CEO Mark Sullivan is going to take a $140,00 pay cut to defuse tensions surrounding his pay.
The Territory-owned company has been been in the spotlight after it was revealed Mark Sullivan’s annual salary of $855,000 was under-reported in an annual report by nearly $235,000.
On Monday ACTEW chairman John Mackay resigned and Chief Minister Katy Gallagher said after 13 years it was time to have a look at the structure of the company.
“One of the issues that’s very clear through this past month is there hasn’t been a great understanding of the difference between ACTEW and ACTEW AGL,” she said.
“I think it is timely that we have a look at the relationships that were established in 2000 and then have a look at how they’re operating now.”
Ms Gallagher has also called for an end to ACTEW executives being paid bonuses and has commissioned a structural review of the company, but says Mr Sullivan’s pay cut was not a demand from Government.
$715,000 remains nearly twice what the President of the United States earns at $400,000 USD.