Young's directors enjoy hefty pay rises after successful year
Chief executive Steve Goodyear’s total emoluments (excluding pension costs) increased 37% to £526,585, including a £200,000 bonus, according to Young’s Annual Report. Nicholas Bryan, who was made non-executive chairman in 2011, was paid £66,363, an increase of £38,000.
Other senior directors to receive big increases include Patrick Dardis, retail director (+36%, £364,350, including £140,000 bonus); Peter Whitehead, finance director (+40%, £372,575, including £140,000 bonus); Torquill Sligo-Young, HR director (+25% to £216,581, including £75,000 bonus). All figures exclude pension costs.
Rupert Cleveley, managing director of Geronimo Inns, which was bought from Young’s in December 2010, was paid £216,732 and received a £200,000 bonus.
Revenue for Young’s grew 25.5% to £178.9m, while adjusted pre-tax profit increased 17.4% to £21.3m, in the year to 2 April, in which it fully integrated the Geronimo Inns business and exited from brewing.
