The Warehouse Group's Nick Grayston’s $2.2m payout

Nick Grayston's payout included a discretionary payment of three months’ notice in lieu. (Image: Supplied)

Tue, 26 Nov 2024

The Warehouse Group’s former chief executive Nick Grayston received a $2.2 million "golden parachute" after he abruptly left the retailer in May.In its annual report, released to the New Zealand Exchange (NZX) with full-year earnings in late September, the group disclosed it paid Nick Grayston a $2.2m "additional payment".On Monday, a Warehouse spokesperson told BusinessDesk the payment "was part of his contractual terms on termination, negotiated when he joined the group and included holiday pay and a discretiona...

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