ARM Cement #ticker:ARM chief executive Pradeep Paunrana’s pay rose by Sh20 million to Sh114.7 million in the year ended December 2017, even as his company fell deeper into financial trouble with a Sh6.5 billion net loss and a major share price erosion that has ruined long-term investors.
Mr Paunrana’s pay rose 22 per cent from Sh94 million the previous year, driven by allowances he claimed while on a series of foreign trips in search of prospective investors.
