Betty Ang, top Monde execs to get 48% pay hike in 2021 plus P133M in bonuses or more than triple total perks of other officers
Business

Betty Ang, top Monde execs to get 48% pay hike in 2021 plus P133M in bonuses or more than triple total perks of other officers

Bilyonaryo Betty Ang and other top executives of Monde Nissin are getting a big bump in their paychecks and bonuses this year.

Betty Ang has already used 70 percent of Monde’s P47B IPO funds in just 4 months

In a report to the Philippine Stock Exchange, Monde said its top five executives are expected to get a 48 percent year-on-year hike in salaries to P42.68 million and an 18 percent rise in bonuses to P132.981 million.

Betty Ang finally beats Lance Gokongwei: Monde gains P100B market cap since IPO as URC tumbles

Aside from president Ang, the other top officers of Monde are Indonesian CEO Henry Soesanto, chief sustainability officer Marivic N. Cajucom-Uy, national sales director Samuel C. Sih, and chief legal officer Helen G. Tiu.

The rest of Monde’s officers and directors would get a 40 percent year-on-year rise in salaries to P69.103 million and a 7.3 increase in bonuses to P55.56 million.

MONDE v URC: Betty Ang poised to steal Lance Gokongwei’s crown as PSE’s biggest pure food play

Monde’s directors also get one of the highest perks in the corporate world – P240,000 per diem for each board meeting and P120,000 per diem for each committee meeting.

Aside from Ang and Soesant, the other members of Monde’s board are chairman Hartono Kweefanus, vice chairman Hoediono Kweefanus (husband of Ang), Monica Darmono (wife of Soesanto), Director Delfin L. Lazaro, Nina Perpetua D. Aguas, Marie Elaine Teo, and Kataline Darmono.

 
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