RESEND MightyRiver CEO confirms 2014 departure, triggers $500k special payout

Tue, 26 Mar 2013

By Pattrick Smellie March 27 (BusinessDesk) - The founding chief executive of MightyRiverPower, Doug Heffernan, will leave the company next year after 16 years at the helm under arrangements that trigger a $500,000 retention payment on top of his existing salary of almost $1.5 million last year. The arrangements mean Heffernan will see through the company's partial privatisation and its first full financial year as a publicly listed company. MRP chair Joan Withers announced Heffernan had undertaken to stay on in the role through to the prepa...

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