MARKETS

Santos board gives Gallagher a A$6 million stay-incentive

THE board of Santos is enticing its managing director, Kevin Gallagher, to stay at the company with a A$6 million one-off incentive, saying he is vital to executing the company’s major growth projects and energy transition plans to 2025.

Santos managing director Kevin Gallagher

Santos managing director Kevin Gallagher

Santos said on Monday the growth project incentive would come in the form of a share acquisition rights offer, with a face value of $6 million.  It comes amid speculation that Gallagher could be a serious...

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