The chief executive of Coca-Cola Amatil saw his salary rise by 24% last year, according to figures released this week. Terry Davis, who earlier this year was rumoured to be considering leaving CCA for Foster's Group, had his salary details released on the same day as the notice of CCA's annual meeting next month.

The company's annual report shows that most of Davis's increase in 2003 came through the company's long-term incentive plan, which almost doubled from A$542,810 to A$1.06m. His base salary also increased, from A$850,000 to A$913,750, and his benefits rose from A$494,770 to A$549,367.

At the company's meeting in April, shareholders are due to vote on a recommendation for Davis to receive almost a quarter of a million more shares, based on CCA reaching targets for total shareholder return and net profit.