A2 Milk executives cash out of surging shares with combined $36.6 mln payday

Fri, 02 Mar 2018

By Paul McBeth March 2 (BusinessDesk) - A2 Milk Co executives have enjoyed a combined $36.6 million payday after cashing in on a surging share price since the milk marketer's announcement last week that first-half profit more than doubled and it had inked a deal with Fonterra Cooperative Group. Share sales over the four days following the Feb. 21 announcement included $18.5 million sold by departing chief executive Geoff Babidge, who hands over the reins to Jetstar chief Jayne Hrdlicka this year. Five of six senior executives and one...

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