Remuneration report | Contents
Who is covered by the report This report covers Transurban’s KMP who have the authority and responsibility for planning, directing and controlling the Group’s activities, either directly or indirectly. This includes Executive KMP and Non- executive Directors.
In FY25, KMP were as follows: Current Non-executive Directors
Current Executive KMP
Former Executive KMP
Craig Drummond , Chair Mark Birrell Patricia Cross Marina Go
Michelle Jablko, Chief Executive Officer (CEO) and Managing Director Henry Byrne, Chief Financial Officer Nicole Green, Group Executive Australian Markets Simon Moorfield, Group Executive Customer and Technology David Clements, Group Executive Operations (from 21 October 2024)
Hugh Wehby, Chief Commercial Officer (until 21 August 2024) All KMP held their positions for the duration of FY25 unless otherwise stated.
Gary Lennon Timothy Reed Sarah Ryan Peter Scott Robert Whitfield
Our remuneration governance framework at a glance 1
Board Sets and oversees remuneration policy implementation.
Remuneration, People and Culture Committee Assists the Board in fulfilling its responsibilities in relation to the remuneration of the Chairman and other Non-executive Directors, performance and remuneration of, and incentives for, the CEO and Senior Executives, remuneration strategies, practices and disclosures, and management programs to develop the capability of Transurban’s workforce and align to the Group’s purpose, strategy and culture. The Committee may request additional information from Management or external advisors where required. The Committee uses a range of inputs when assessing performance and outcomes of Executive KMP, including both what and how results have been achieved. Detailed performance assessments as well as audited financial results, external remuneration benchmarking and an overarching view to the organisation’s values and risk profile are taken into account. The Committee and the Board review relevant information and exercise discretion, and may adjust remuneration outcomes, including application of malus and clawback.
Management Provide the Board and Remuneration, People and Culture Committee with information on financial, customer, employee, safety, ESG and risk matters which may impact remuneration. The CEO and the Group Executive, People and Culture attend Committee meetings, however they do not participate in formal decision making or in discussions involving their own remuneration.
External Advisors The Committee may seek and consider advice from independent remuneration consultants where appropriate. Protocols are in place for the independent engagement of remuneration consultants and the provision of remuneration recommendations. During FY25, remuneration consultants only provided benchmarking data and insights into market practices to the Committee. No remuneration recommendations relating to KMP were provided by consultants.
1 Refer to the Governance and Risk section (page 59) for details of Transurban’s Governance Framework
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