Whole compensation for the highest 5 staff at Société des alcools du Québec (SAQ) has surpassed $2 million for the primary time.
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In fiscal 2022-2023, they shared $2,061,280 in comparison with $1,964,000 a 12 months earlier, a 5% enhance.
These figures don’t embrace the contributions to the pension fund made by SAQ. If they’re added in 2022-2023, the bosses’ complete compensation shall be $2,387,618.
Catherine Dagenais, the CEO, noticed a 2.6% wage enhance to $542,236, or $572,330 with the retirement plan. She’s going to retire with an extra test for $450,000 within the subsequent few days.
Edith Filion, Chief Monetary Officer, noticed the biggest enhance this 12 months at 8%. His wage elevated to $513,129 once we embrace SAQ’s $85,136 contribution to his retirement plan.
Luc Bourdeau, vp of provide chain, now makes $468,500 in comparison with $423,387 for Carl Boucher, head of IT.
Martine Comtois, engaged in company affairs, makes $347,836 or $410,272 from the retirement plan.
SAQ employs the equal of 5,609 full-time staff and generates $440.8 million in payroll. The median wage is $78,587, a rise of 6.6% in comparison with 2021-2022.
Enhance in dividends paid to the state
This info could be discovered within the SAQ annual report revealed on Wednesday. The state-owned firm’s earnings rose 5.6% over the interval 2022-2023, which interprets right into a dividend of $1.4 billion.
A development that has already been noticed is confirmed: the SAQ sells much less wine. Gross sales within the department community and within the meals commerce fell by 800,000 liters, which corresponds to 1 million bottles of wine.
Nonetheless, due to the 2 worth hikes up to now few months, wine gross sales have elevated in greenback phrases.
If the SAQ sells much less of its flagship product, it sells considerably extra spirits (+ 1.5 million liters) and ready-to-drink drinks (+ 1.3 million liters).