Annual Report - AWB Limited

AWB LIMITED Notes to and forming part of the financial statements for the year ended 30 September 200824. Key Management Personnel Disclosures(a) DirectorsThe following persons were directors of AWB Limited during the financial year:Brendan Stewart (former Chairman - retired 22 October 2008)Gordon Davis (Managing Director)Steve ChamaretteBrendan FitzgeraldTony HowarthXavier Martin (resigned 8 September 2008)Warrick McClelland (retired 12 February 2008)Christopher Moffet (retired 12 February 2008)Peter Polson (Chairman - from 22 October 2008)John Simpson (retired 12 February 2008)John SchmollFred Grimwade (appointed 13 February 2008)Colin Nicholl (appointed 12 February 2008, resigned 8 September 2008)Russell McKenzie (appointed 12 February 2008, resigned 8 September 2008)Rodger Schirmer (appointed 12 February 2008, resigned 8 September 2008)(b) Other key management personnelThe following persons also had authority and responsibility for planning, directing and controlling the activities of the Group, directly orindirectly, during the financial year.Name Position EmployerMark Hosking (resigned 4 April 2008) Chief Financial Officer AWB Services LimitedPhilip Gentry (appointed 4 April 2008) Chief Financial Officer AWB Services LimitedMitch Morison Acting General Manager Commodities (i) AWB Services LimitedGraeme Jacobs General Manager, Landmark AWB Services LimitedMargaret Wade (resigned 18 December 2007) Chief Risk Officer AWB Services LimitedKate Hughes (appointed 18 December 2007) Chief Risk Officer AWB Services LimitedPhillip Meurer (resigned 30 April 2008) General Manager, Commodities AWB Services LimitedDavid Johnson General Manager, National Pool AWB Services LimitedColin Taylor General Manager, Financial Services AWB Services LimitedJohn Russell (appointed 26 May 2008) General Manager, Strategy & Operations AWB Services Limited(i) Appointed General Manager, Commodities on 1 October 2008(c) Key management personnel compensationConsolidatedAWB Limited2008 2007 2008 2007$ $ $ $Short-term benefits 6,900,636 13,457,667 1,773,217 1,466,553Post-employment benefits 784,531 1,089,459 91,282 117,197Termination payments 675,430 3,944,516 - -Share-based payments 825,595 500,713 443,422 122,5349,186,192 18,992,355 2,307,921 1,706,284Note: Key management personnel compensation will not reconcile to total amounts within the remuneration report, as the remunerationreport includes amounts paid to executives who received the highest remuneration during the year (as required by the Corporations Act 2001)in addition to key management personnel as defined by AASB 124. Information in this note includes payments made to key managementpersonnel in accordance with AASB 124 only.88 www.awb.com.au