Former Coles boss Ian McLeod was paid more than $4 million in cash in his final year in the job.
Mr McLeod's six years leading the supermarket giant came to end on June 30, and he received a 28 per cent rise in base pay in the year to June to $2.5 million, plus another $1.56 million in cash bonuses.
When shares and non-cash benefits are added, his annual remuneration totalled $4.8 million.
Richard Goyder, the managing director of Coles' parent company Wesfarmers, received remuneration of $9.4 million in the 2013/14 financial year.
His $3.35 million cash salary was identical to the previous year's, as was his cash bonus of $2.1 million.
A rise in the value of long-term incentives, awarded in shares or share rights, to $2.4 million contributed to the rise in his total remuneration from the previous year's $8.6 million.
Wesfarmers' profit grew by 19 per cent to $2.26 billion in 2013/14, and earnings from Coles rose nine per cent to $1.67 billion.
Wesfarmers also owns Target, which suffered a 37 per cent drop in annual earnings.
Target managing director Stuart Machin, in his first full year in the job, was paid almost $1.3 million in cash.
EXECUTIVE PAY AT WESFARMERS IN 2013/14
* Managing director Richard Goyder - $9.4m, up from $8.6m in 2012/13
* Coles MD Ian McLeod - $4.8m, down from $10.7m
* Bunnings and Officeworks MD John Gillam - $4m, up from $3.6m
* Kmart MD Guy Russo - $3.3m, down from $3.56m
* Target MD Stuart Machin - $1.66m
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