14 | December 6, 2012 www.wabusinessnews.com.au WA Business News

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■ CEO SALARY SURVEY |

Rank Senior executive Title Company Total income Base salary Annual bonus LT Incentive Super-

annuation Other Company total revenue

Total Shareholder Return 1-year (%)

1 Peter Meurs Director Operations Fortescue Metals Group $8,151,902 $999,250 $146,948 $6,950,787 $47,917 $7,000 $6.57bn -22

2 Richard Goyder Managing Director Wesfarmers $8,010,045 $3,284,899 $2,103,600 $2,333,077 $48,199 $240,270 $58.08bn -1

3 Sam Walsh Executive Director Rio Tinto $7,674,000 $1,622,000 $1,211,000 $4,362,000 $384,000 $95,000 $60.81bn N/A

4 David Robb Managing Director Iluka Resources $5,108,117 $1,703,271 $1,745,779 $1,566,501 $46,202 $46,364 $1.64bn -29

5 Peter Bowler Managing Director Beadell Resources $4,684,134 $460,192 $98,000 $4,084,525 $41,417 $2.5m -26

6 Terry Bowen Finance Director Wesfarmers $4,408,845 $1,651,801 $1,020,000 $1,545,082 $23,199 $168,763 $58.08bn -1

7 Peter Coleman Managing Director Woodside Petroleum $3,862,259 $1,375,146 $978,550 $1,460,264 $9,569 $38,730 $5bn -22

8 Peter Gammell Managing Director Seven Group Holdings $3,781,008 $2,984,285 $360,000 $417,083 $15,775 $3,865 $4.68bn N/A

9 Karl Simich Managing Director Sandfi re Resources $3,512,685 $1,000,000 $300,000 $2,212,685 $29.2m 2

10 Trevor Matthews Former Executive Director Murchison Metals $3,486,006 $359,993 $1,200,000 $1,225,150 $31,229 $669,634 $7.2m -39

11 John Borshoff Managing Director Paladin Energy $3,464,000 $1,747,000 $1,717,000 $361.4m -50

12 Alan Tate Chief Financial Offi cer Iluka Resources $3,163,533 $588,402 $444,266 $2,111,033 $19,832 $1.64bn -29

13 Greg Martin Former Managing Director Murchison Metals $3,129,538 $1,424,220 $1,575,000 $15,775 $114,543 $7.2m -39

14 Eric Streitberg Executive Director Buru Energy $3,100,690 $555,000 $2,495,470 $49,950 $6.4m 379

15 Bronte Howson Director & CEO Automotive Holdings Group $3,017,737 $1,008,853 $1,402,500 $666,667 $47,000 -$107,283 $3.92bn 20

16 Neville Power CEO Fortescue Metals Group $3,014,679 $1,755,442 $1,214,679 $37,558 $70,000 $6.57bn -22

17 Ignatius Tan Managing Director Galaxy Resources $2,899,316 $532,299 $127,530 $2,158,757 $59,298 $21,432 $3.9m -21

18 Cameron Wilson Company Secretary Iluka Resources $2,847,731 $454,660 $384,188 $1,977,331 $24,718 $6,833 $1.64bn -29

19 Nick Bowen Former Managing Director Macmahon Holdings $2,821,611 $1,241,191 $866,528 $646,490 $54,167 $13,235 $1.67bn 4

20 Julian Pemberton CEO NRW Holdings $2,762,156 $1,298,289 $484,750 $804,165 $15,489 $159,463 $1.36bn 13

21 Peter Hepburn-Brown Managing Director Medusa Mining $2,643,154 $708,343 $345,248 $1,538,537 $51,026 $79.3m -25

22 Kevin Gallagher CEO Clough $2,617,730 $709,829 $512,863 $921,678 $63,885 $409,475 $432.5m 8

23 Robert Watkins Executive Director Beadell Resources $2,420,991 $299,750 $52,000 $2,042,263 $26,978 $2.5m -26

24 Paul Dalgleish CEO RCR Tomlinson $2,317,731 $842,161 $1,454,950 $15,912 $4,708 $809.9m 14

25 Peter Cumins Managing Director Cash Converters International $2,117,677 $609,761 $200,000 $1,220,193 $50,000 $37,723 $234.3m -5

26 Keith Gordon Managing Director Emeco Holdings $2,004,353 $884,673 $531,140 $563,540 $25,000 $569.4m -18

27 David Flanagan Executive Chairman Atlas Iron $1,974,651 $1,120,000 $155,655 $698,996 $643.6m -45

28 Ian Purdy CEO Mirabela Nickel $1,974,445 $792,229 $472,858 $558,920 $25,332 $125,106 $312m -84

29 Antony Sage Executive Chairman Cape Lambert Resources $1,963,710 $767,339 $1,047,190 $122,181 $69.4m -29

30 Guilio Casello CEO Sundance Resources $1,946,014 $540,826 $78,268 $1,259,905 $46,674 $20,341 $2.5m -3

31 Ross Carroll Managing Director Macmahon Holdings $1,917,024 $785,779 $412,109 $599,587 $32,887 $86,662 $1.67bn 4

32 Gillian Swaby Company Secretary Paladin Energy $1,912,000 $554,000 $1,126,000 $247,000 $361.4m -50

33 Peter Hutchinson Former Managing Director Forge Group $1,906,438 $955,710 $900,000 $50,728 $783.9m -18

34 Alwyn Vorster Managing Director & CEO Iron Ore Holdings $1,880,250 $464,792 $110,203 $875,615 $25,000 $404,640 $100.5m -32

35 Andrew Drummond Executive Chairman Minemakers $1,852,153 $330,734 $1,487,287 $29,766 $4,366 $5.6m -60

36 Jeffrey Weber CEO Mermaid Marine Australia $1,847,570 $800,000 $435,625 $560,015 $50,000 $1,930 $382.7m -9

37 Julian Hanna Former Managing Director Western Areas $1,715,313 $428,770 $95,000 $32,848 $40,465 $1,111,530 $349.1m -28

38 Andrew Walsh Chief Financial Offi cer RCR Tomlinson $1,690,262 $572,791 $1,096,852 $15,911 $4,708 $809.9m 14

39 Stephen Pearce Chief Financial Offi cer Fortescue Metals Group $1,659,343 $1,020,083 $343,350 $263,910 $25,000 $7,000 $6.57bn -22

40 Robert Cole Executive Vice President Woodside Petroleum $1,630,836 $726,382 $415,541 $453,332 $23,065 $12,516 $5bn -22

41 Christopher Sutherland Managing Director Programmed Maintenance Services $1,601,936 $820,726 $482,000 $218,937 $15,620 $64,653 $1.39bn N/A

42 Simon High Managing Director Southern Cross Electrical Engineering $1,587,704 $711,625 $105,000 $721,079 $50,000 $220.5m 43

43 Willie Rooney Managing Director, Civil and Mining NRW Holdings $1,582,320 $833,886 $307,372 $331,186 $32,948 $76,928 $1.36bn 13

44 Ronald Sayers Managing Director Ausdrill $1,511,345 $767,500 $596,129 $50,000 $97,716 $1.08bn 7

45 Jeff Schrull Managing Director Rialto Energy $1,488,444 $405,000 $1,011,414 $24,646 $17,384 $0.7m -53

46 Peter Harold Managing Director Panoramic Resources $1,469,953 $603,188 $123,000 $675,122 $58,832 $9,811 $230m -64

47 John Welborn Managing Director Equatorial Resources $1,464,794 $325,002 $450,000 $636,674 $53,118 $31.5m -17

48 Roderick McIllree Managing Director Greenland Minerals and Energy $1,458,352 $408,000 $984,464 $36,720 $29,168 $1.1m -44

49 Peter Sullivan Director & CEO Resolute Mining $1,448,304 $609,859 $723,352 $54,887 $60,206 $578.5m 15

50 Milos Bosnjakovic Director Balamara Resources $1,416,436 $234,134 $1,182,302 $0.1m -19

51 Derek Lenartowicz Executive Chairman Balamara Resources $1,414,452 $232,150 $1,182,302 $0.1m -19

52 Timothy Netscher Managing Director Gindalbie Metals $1,413,173 $1,074,002 $170,940 $149,370 $15,775 $3,085 $9.2m -44

53 Vince Santostefano Chief Operations Offi cer Woodside Petroleum $1,393,408 $544,433 $362,194 $362,994 $110,784 $13,003 $5bn -22

54 John Westdorp Former Executive Murchison Metals $1,379,426 $252,458 $300,000 $367,568 $22,721 $436,679 $7.2m -39

55 Graham Dowland Finance Director Aurora Oil & Gas $1,364,292 $262,090 $165,203 $23,588 $913,411 $78.3m -11

56 Andrew Ellison Executive Director Forge Group $1,349,471 $848,157 $450,000 $51,314 $783.9m -18

57 Dustin Garrow Executive General Manager, Marketing Paladin Energy $1,340,000 $631,000 $69,000 $494,000 $146,000 $361.4m -50

WA Business News www.wabusinessnews.com.au December 6, 2012 | 15

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| CEO SALARY SURVEY ■

Rank Senior executive Title Company Total income Base salary Annual bonus LT Incentive Super-

annuation Other Company total revenue

Total Shareholder Return 1-year (%)

58 Shaun Bunn Project Manager Greenland Minerals and Energy $1,335,886 $345,000 $967,260 $23,626 $1.1m -44

59 Ian Buchhorn Executive Director Heron Resources $1,300,816 $315,826 $956,566 $28,424 $2.1m 24

60 Michael Malone Managing Director iiNet $1,294,680 $394,004 $274,312 $508,505 $15,775 $102,084 $839.3m 24

61 Robert Smakman Managing Director Crusader Resources $1,275,430 $292,010 $96,030 $843,230 $44,160 $1.2m -47

62 Milan Jerkovic CEO Straits Resources $1,265,968 $945,000 $82,581 $94,500 $143,887 $259m -54

63 James Cruickshank Executive Chairman & CEO Antares Energy $1,239,453 $531,809 $45,129 $506,394 $156,121 $9m -17

64 Toni Poli Executive Chairman Aquila Resources $1,237,000 $900,000 $337,000 $208.8m -54

65 Brendan Gore Managing Director Peet $1,236,360 $890,000 $316,360 $20,000 $10,000 $146.9m -53

66 Martin Alciaturi General Manager, Finance and Corporate Aquila Resources $1,225,058 $495,000 $260,000 $445,058 $25,000 $208.8m -54

67 Andrew Bellamy CEO Austal $1,218,038 $755,217 $92,656 $345,165 $25,000 $685.9m -40

68 Chris Wharton CEO WAN/WA Media Seven West Media $1,214,058 $787,444 $300,000 $15,199 $67,784 $43,631 $1.94bn -50

69 John Wallington CEO Coal of Africa $1,197,708 $676,306 $370,113 $151,288 $246.7m -48

70 Robert Velletri Managing Director Monadelphous Group $1,182,459 $747,356 $220,000 $138,966 $15,199 $60,938 $1.92bn 25

71 Ken Nilsson Director of Operations Troy Resources $1,179,121 $400,000 $350,000 $389,360 $26,695 $13,066 $210.8m 14

72 Geoff Lewis Managing Director ASG Group $1,166,650 $850,000 $56,827 $76,500 $183,323 $157.9m -8

73 Chris Start Managing Director Kingrose Mining $1,143,364 $300,000 $30,000 $793,593 $15,775 $3,996 $74.6m N/A

74 Michael Ralston Managing Director Balamara Resources $1,139,243 $0.1m -19

75 Ben Binninger CEO Potash Minerals $1,138,861 $243,428 $895,433 $0.3m -57

76 Peter McBain CEO Brierty $1,134,796 $552,792 $269,531 $282,195 $20,441 $9,837 $252.6m 12

77 John Simpson Executive Chairman Peninsula Energy $1,134,000 $735,000 $399,000 $0.8m -55

78 Jonathan Stewart Executive Chairman Aurora Oil & Gas $1,131,771 $497,971 $529,963 $59,019 $44,817 $78.3m -11

79 Bradford Farrell Technical Director Oro Verde $1,130,406 $270,900 $830,925 $25,135 $3,446 $1m 8

80 Dan Lougher Managing Director Western Areas $1,121,183 $579,390 $290,000 $175,324 $45,836 $30,633 $349.1m -28

81 Robin King CEO Neptune Marine Services $1,099,722 $550,000 $250,000 $197,621 $62,100 $40,799 $116.5m -51

82 John Mair Executive Director Greenland Minerals and Energy $1,097,018 $312,500 $756,393 $28,125 $1.1m -44

83 John Anderson Vice President WA & NT Santos $1,096,103 $594,814 $235,000 $15,487 $250,712 $3.36bn -11

84 Andrew Kent Chairman & Executive Director Aspermont $1,093,698 $184,474 $887,351 $16,514 $5,359 $33m 31

85 Sharon Heng Managing Director Legacy Iron Ore $1,091,922 $473,882 $574,537 $27,497 $16,006 $0.2m -10

86 Lawrence Tremaine Chief Financial Offi cer Woodside Petroleum $1,081,681 $503,712 $294,809 $243,060 $27,584 $12,516 $5bn -22

87 Len Jubber Managing Director Bannerman Resources $1,078,030 $379,841 $665,162 $33,027 $0.5m -55

88 Bernard Ridgeway Managing Director Imdex $1,077,894 $700,000 $110,000 $142,682 $73,080 $52,132 $269.9m -16

89 Ned Montarello Chairman & CEO Thinksmart $1,055,162 $616,545 $149,753 $232,491 $54,167 $2,206 $45.5m -70

90 John Evans Executive Director Sandfi re Resources $1,047,825 $330,275 $48,165 $635,325 $34,060 $29.2m 2

91 Hans Umlauff General Manager, Project Management Iluka Resources $1,047,644 $546,942 $210,918 $235,818 $49,225 $4,741 $1.64bn -29

92 Robert Wrixon Managing Director Haranga Resources $1,044,334 $300,000 $744,334 $0.7m N/A

93 Christopher Bonwick Managing Director Independence Group $1,037,142 $699,469 $156,250 $93,708 $50,000 $37,715 $216.6m -38

94 Clive Stein Managing Director Amcom Telecommunications $1,031,254 $446,800 $173,100 $291,210 $47,771 $72,373 $154.6m 44

95 Sam Willis Managing Director New Standard Energy $1,018,919 $307,293 $129,400 $548,900 $33,326 $0.8m 184

96 Peter Goodwin Chief Operating Offi cer Tox Free Solutions $1,014,277 $373,687 $175,000 $416,208 $49,382 $209.2m 20

97 Chris Foley Former Company Secretary Murchison Metals $1,011,960 $310,663 $300,000 $334,447 $27,960 $38,890 $7.2m -39

98 Wolf Martinick Managing Director Oro Verde $1,008,821 $160,046 $830,925 $14,404 $3,446 $1m 8

99 John Macpherson Managing Director Elemental Minerals $1,004,651 $108,045 $896,606 $0.8m N/A

100 John Sanders Executive Director Elemental Minerals $1,004,651 $108,045 $896,606 $0.8m N/A

101 Ken Brinsden Managing Director Atlas Iron $1,001,562 $607,882 $50,372 $34,843 $308,465 $643.6m -45

102 Hamish Williams Executive Director Automotive Holdings Group $998,732 $542,300 $270,000 $43,000 $143,433 $3.92bn 20

103 Paul Sadleir Managing Director Cedar Woods Properties $993,003 $651,239 $285,000 $48,761 $8,003 $172.2m -5

104 David Southam Executive Director Western Areas $985,251 $514,560 $270,000 $134,192 $24,997 $41,602 $349.1m -28

105 Wayne Norris Managing Director Noble Mineral Resources $976,610 $475,691 $40,854 $460,066 $5.6m -66

106 Stephen Pilcher General Manager - Coal Aquila Resources $975,129 $443,000 $234,000 $273,129 $25,000 $208.8m -54

107 Stephen Gostlow Managing Director Tox Free Solutions $972,357 $419,288 $110,000 $380,865 $47,636 $14,568 $209.2m 20

108 William Hayden Non-Executive Chairman Condoto Platinum $966,067 $65,000 $895,217 $5,850 $0.1m -46

109 John Schaffer Chairman & Managing Director Schaffer Corporation $951,917 $693,221 $191,419 $50,000 $17,277 $154.5m N/A

110 Paul Criddle Chief Operating Offi cer Azimuth Resources $950,044 $206,807 $721,050 $13,708 $8,479 $1.4m 30

111 Andrew Meloncelli Company Secretary Galaxy Resources $946,087 $224,798 $35,970 $661,850 $23,469 $3.9m -21

112 Greg McRostie Executive Director Forge Group $943,256 $757,388 $150,000 $35,868 $783.9m -18

113 Mark Earley Managing Director Draig Resources $938,608 $387,500 $150,000 $352,733 $48,375 $0.2m -89

114 Russell Clark Managing Director Grange Resources $937,753 $566,972 $86,625 $226,809 $51,027 $6,320 $422.4m 9

16 | December 6, 2012 www.wabusinessnews.com.au WA Business News

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EXPERIENCED INNOVATIVE COMMITTED

CIVIL & MINING

SURFACE MINING PROFESSIONALS

■ CEO SALARY SURVEY |

Rank Senior executive Title Company Total income Base salary Annual bonus LT Incentive Super-

annuation Other Company total revenue

Total Shareholder Return 1-year (%)

115 Roger Flynn Executive Chairman Coventry Group $935,768 $809,033 $94,898 $38,663 -$6,826 $260.6m 26

116 Graham Anderson Non-Executive Director Mako Energy $930,250 $48,000 $882,750 N/A N/A

117 Sunil Kulwal Managing Director Aditya Birla Minerals $929,832 $450,709 $161,942 $60,277 $256,904 $498.6m -66

118 Troy Hayden Managing Director Tap Oil $929,375 $549,513 $203,626 $156,082 $15,487 $4,667 $54.3m -17

119 Steven Michael Managing Director Segue Resources $927,199 $259,319 $670,000 $0.04m -51

120 Charles Nieto Executive Director Rialto Energy $921,526 $322,190 $593,029 $6,307 $0.7m -53

121 Ray Sputore Managing Director, Decmil Australia Decmil Group $919,657 $555.6m 2

122 Edward Bank Company Secretary Finbar Group $908,103 $440,691 $433,212 $34,200 $114.9m 20

123 Wayne Koonin Finance Director Coal of Africa $895,601 $418,919 $370,780 $105,902 $246.7m -48

124 Chris Els Company Secretary Mirabela Nickel $886,183 $435,303 $211,640 $191,095 $23,141 $25,004 $312m -84

125 Peter Wade Executive Chairman Mineral Resources $885,792 $778,846 $50,000 $56,946 $987.2m -19

126 Paul Arndt Managing Director Perilya $880,131 $650,000 $168,107 $50,000 $12,024 $361.7m -54

127 David Prentice Managing Director Red Fork Energy $877,515 $418,053 $429,875 $15,318 $14,269 $5.2m 96

128 Michael Verm Chief Operating Offi cer Aurora Oil & Gas $873,062 $192,804 $77,121 $591,823 $8,030 $3,284 $78.3m -11

129 Geoffrey Davis Non-Executive Chairman Medusa Mining $867,573 $479,568 $388,004 $79.3m -25

130 Roy Daniel Chief Financial Offi cer Medusa Mining $863,450 $539,997 $271,267 $52,188 $79.3m -25

131 James Cullen Executive Director Resource Equipment $862,034 $484,042 $94,000 $259,865 $15,000 $9,127 $82.3m -51

132 Stephen Price CEO Fleetwood Corporation $857,892 $550,000 $150,000 $132,892 $25,000 $407.4m 10

133 Geoff Baker Executive Director MACA $853,645 $478,668 $111,250 $250,000 $13,727 $334.9m -5

134 Leonard Math Company Secretary Mako Energy $853,050 $49,500 $765,050 $38,500 N/A N/A

135 Collis Thorp A/CEO Moly Mines $852,500 $500,000 $275,000 $77,500 $123.2m -84

136 Scott Donaldson CEO Bauxite Resources $846,036 $470,000 $334,006 $42,300 $4.4m -43

137 Stephen Gobby Chief Financial Offi cer Emeco Holdings $845,314 $458,739 $143,641 $217,934 $25,000 $569.4m -18

138 William Dolphin CEO Avita Medical $841,003 $345,875 $95,168 $118,857 $13,283 $267,820 $5.2m N/A

139 Scott Criddle CEO Decmil Group $840,605 $681,445 $143,385 $15,775 $555.6m 2

140 Perry Gilstrap Executive Director Operations Red Fork Energy $839,351 $355,433 $429,875 $54,042 $5.2m 96

141 Stephen Parsons Managing Director Gryphon Minerals $827,998 $500,000 $250,000 $67,500 $10,498 $3m -62

142 Jim Beyer CEO Mount Gibson Iron $827,066 $686,651 $100,000 $13,816 $25,000 $1,599 $689.5m -78

143 Jackie Leong Executive Director Sterling Biofuels International $825,143 $794,319 $23,298 $7,526 $3.4m 175

144 Robert Browning Non-Executive Director Adept Solutions $823,880 $344,833 $423,340 $42,444 $13,263 $3.8m -88

145 John Sanderson Managing Director Northern Iron $822,486 $472,982 $299,196 $8,088 $44,220 $197.3m -47

146 Matthew Fitzgerald Company Secretary Sandfi re Resources $817,083 $383,296 $114,000 $303,034 $16,753 $29.2m 2

147 Rod Jones Managing Director Navitas $816,995 $721,026 $71,595 $53,401 -$29,067 $688.5m 14

148 Andrew Broad Managing Director VDM Group $815,028 $272.9m -32

149 George Jones Chairman Sundance Resources $814,848 $220,183 $554,507 $19,817 $20,341 $2.5m -3

150 Frank Wilson Executive Chairman TFS Corporation $800,000 $612,385 $137,615 $50,000 $126.8m -41