m running casinos for five-and-a-half years, he has sat on five boards including one university.He will be paid a fixed salary of $2.25 million each year in his new role, plus short-term incentives of up to $1.5 million.Mr Redmond will also receive up to $25,000 to cover the costs of his move from the US to Australia.Echo's shares closed 11 cents, or 3.23 per cent, higher at $3.52.