New CEO remuneration arrangements (continued)CEO fixed remunerationA number of factors were taken into consideration when setting the fixed remuneration for Mr De Ferrari including the former CEO’s fixed remuneration, external market practice and common practice in a period of transformation. This resulted in a fixed remuneration of $2,200,000 per annum.CEO incentive arrangements for 2019Mr De Ferrari will be eligible to participate in the following incentive arrangements for the performance year 1 January 2019 to 31 December 2019:Short-term incentive (STI) – maximum STI opportunity of 120% of fixed remuneration with the same terms as other participants in 2019.Long-term incentive (LTI) – maximum LTI of 159% of fixed remuneration with the same terms as other participants. The specific terms of the 2019 incentives are being finalised and will be outlined in the 2019 remuneration report.The table below reflects an overall decrease in quantum of the total remuneration package for Mr De Ferrari compared with that of Mr Meller in 2017.