Auckland's water company has cut hundreds of thousands of dollars from the salary of its chief executive.
Watercare's new chief executive Raveen Jaduram. Photo: Supplied
The council-owned company appointed acting-CEO Raveen Jaduram into the role, following the retirement on health grounds of long-serving Mark Ford in September.
Mr Ford died after a long illness last month.
Watercare's chair David Clarke said Mr Jaduram would be paid a basic salary of $510,000, rising to a possible $586,500, based on performance.
Mr Ford had been paid $860,000, the highest salary in the Auckland Council group.
It was the second salary reduction when a founding chief executive in the Auckland Council group had been replaced.
Council chief executive Stephen Town is on $630,000 - $150,000 less than predecessor Doug Mc Kay's salary.
The highest-paid chief executive in the group is founding CEO of Auckland Transport Dr David Warburton, whose salary is between $600,000 and $700,000.