Key facts
- CEO Craig Scroggie will forgo fiscal 2027 bonus opportunities.
- Board withdrew resolution for CEO's performance rights and restricted rights.
- Non-executive directors agreed to a voluntary 10% reduction in current fees.
- Delays at Melbourne project will defer A$140 million in contracted revenue.
Australian data centre operator NEXTDC announced that CEO Craig Scroggie will forgo his fiscal 2027 bonus opportunities. This follows the company's recent decision to slash its revenue forecast and pause future developments due to delays at a major Melbourne project. The board also withdrew a proposal to increase non-executive director remuneration and implemented a voluntary 10% fee reduction for its non-executive directors. The company expects to appoint two new non-executive directors in the first quarter of 2027, and current Chairman Douglas Flynn intends to retire once a successor is in place.