Outgoing Transurban chief executive Scott Charlton says there will be no loss of momentum when he leaves the $43 billion toll road group in October.
New CEO Michelle Jablko faces regulatory and debt refinance pressureOutgoing Transurban chief executive Scott Charlton says there will be no loss of momentum when he departs the $43 billion toll road group in October and is replaced by finance boss Michelle Jablko.inside Australia’s 20 biggest companiesMs Jablko, who left ANZ in early 2021 to become Transurban’s chief financial officer, was named CEO-elect as the company delivered a record 2.
adding that companies “lose a bit of momentum” with external CEOs because they tend to turnover management. She will receive an annual fixed salary of $2 million, up from $1.45 million currently. Mr Charlton was paid $5.5 million in fiscal 2023, including a $2.3 million fixed salary and $1.3 million cash bonus.
The healthy toll income means Transurban expects to pay a record full-year dividend of 62¢ a share in fiscal 2024, which is likely to include cash that was set aside for the construction of Sydney toll road WestConnex but not used.Transurban has already told investors that it will pay a final dividend of 31.5¢ a share in fiscal 2023, taking its full-year dividend to 58¢ a share, up from 41¢ a share a year earlier.
In Melbourne, where traffic flows are up 24 per cent on a year earlier, traffic is still 5 per cent down on 2019 before the COVID-19 pandemic broke out.
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