Ex-Michael Hill chief Michael Parsell gets A$2.4 million in exit payment

Mon, 31 Oct 2016

By Fiona Rotherham Oct. 31 (BusinessDesk) - Michael Hill International shareholders have voted to pay former chief executive Michael Parsell a termination and exit package amounting to A$2.4 million at today’s annual meeting in Brisbane. Parsell stepped down in August after being CEO of the dual-listed jewellery company for the past 15 years, having joined it in 1981. Director Rob Fyfe, who ran the meeting because chair Emma Hill was unable to make it in person, said Parsell had a remarkable career, rising from the shop floor in Whanga...

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