The new boss of Dunedin Venues Management Ltd will be
paid up to $225,000 to try to turn the struggling company's
fortunes around, it has been confirmed.
Terry Davies (53), a former professional cricketer and deputy
chief executive of the South Australian Cricket Association,
who works for the South Australian Tourism Commission, was
last week named as the DVML's new chief executive.
Mr Davies was not yet giving interviews, but DVML staff have
confirmed he would be paid a base salary of $200,000, with an
additional $25,000 at-risk portion.
That could see Mr Davies paid up to $225,000, depending on
his performance, and he would receive a yet-to-be-determined
allowance for the cost of relocating from Adelaide, DVML
spokeswoman Kim Barnes said.
That was in line with former chief executive Darren Burden,
who was also appointed on a $200,000 salary, with an at-risk
$25,000 bonus on top, although he received none of it after
his early departure from the role.
Both men were paid less than DVML's first chief executive,
David Davies, who received an annual salary of up to
$250,000, including an at-risk portion linked to performance,
some of which he received upon his departure.
However, DVML's recruitment costs were coming down, with the
hunt to find Mr Burden's replacement - which led to Terry
Davies - costing $33,750, it was confirmed this week.
That was less than the cost of recruiting Davies Davies,
which cost the Dunedin City Council $66,571.90, and the later
search that led to Mr Burden, which cost DVML $51,307.45.
Mrs Barnes said 46 people applied to replace Mr Burden, of
whom 33 were from outside New Zealand.
The $33,750 bill that resulted covered Optima Global Talent's
fee and the cost of psychometric assessments, she said.
Other costs, including advertising, video conferencing and
flights to bring the final two candidates to Dunedin, were
yet to be determined, but would be made public once
confirmed, she said.