Yanki Quint's pay terms at New-Med

In depth

New-Med Energy will ask the general meeting to approve a monthly salary of NIS 100,000 gross for incoming chairman Yanki Quint, for a 70% position, a deviation from the compensation policy that caps pay at NIS 84,000 for a 70% position, according to Calcalist Vint. According to Calcalist, the salary will be brought for approval at the meeting alongside an annual bonus of up to NIS 560,000 and 562,000 options at an exercise price of NIS 17.15 per share. According to TheMarker, the package also includes an adjustment grant and options worth NIS 3 million.

According to Globes, Quint, formerly director of the Israel Companies Authority and chairman of the Israel Land Authority, is expected to take up the role of chairman of the partnership at the beginning of the week, and CEO Niv Serna is expected to receive a salary of NIS 4.5 million. According to Ice, the CEO will earn NIS 180,000 a month.