Woolworths boss Grant O'Brien's annual pay has grown 10 per cent to $5.3 million.
The head of the supermarket giant stands to receive another pay rise in the year ahead, with the company lifting Mr O'Brien's potential cash bonus to match those offered by other publicly listed companies.
Mr O'Brien was paid a salary of $2.3 million in the 2013/14 financial year, plus a cash bonus of $2.06 million and more than $858,000 worth of shares.
He was paid $4.77 million in the prior year.
The pay rise came as Woolworths' profit grew 8.5 per cent to $2.45 billion.
Mr O'Brien's cash bonus was equivalent to 70 per cent of his fixed salary in 2013/14, and that will be lifted to 95 per cent in 2014/15, Woolworths said in its annual report.
If he exceeds his performance targets, that bonus could rise to 135 per cent of his salary.
Mr O'Brien's annual pay is significantly less than that paid to Richard Goyder, the head of Coles owner Wesfarmers.
Mr Goyder's remuneration totalled $9.4 million in 2013/14 financial year, including a $3.35 million salary and $2.1 million cash bonus.
Among other senior staff at Woolworths, the head of its Australian supermarkets and petrol division, Tjeerd Jegen, was paid $2.68 million, and liquor boss Brad Banducci took home $1.65 million.
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