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The contract for the chief executive officer of the major brokerage, Susan Mitchell, has been extended by another 18 months.
Mortgage Choice’s chief executive officer, Susan Mitchell, is set to remain in her role for another 18 months after the company extended her employment contract.
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Ms Mitchell, who was appointed CEO on 3 April 2018 on an initial three-year contract, was contracted to end her tenure on 3 April 2021.
However, the ASX-listed brokerage has now extended her contract to 3 October 2022.
In an update to the ASX, the major brokerage outlined that “apart from the extension of tenure, the terms of the employment agreement between Mortgage Choice Limited and Ms Mitchell remain consistent with those outlined in the company’s FY20 annual report”.
Ms Mitchell first joined the major brokerage in 2009 as chief financial officer, a role she held for nine years before being appointed chief executive officer in 2018 following the departure of her predecessor, John Flavell.
According to the annual report, Ms Mitchell’s base salary is $561,000, with a potential maximum total remuneration package of just over $1.2 million (plus super) when including all potential short and long-term incentives.
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