Pay rises for Young's directors as bonus package doubles

By John Harrington

- Last updated on GMT

Related tags: Basic salary, Corporate governance, Managing director

Senior directors at Young's saw a hike in their remuneration last year
Senior directors at Young's saw a hike in their remuneration last year
Senior directors of Young’s, the London-based pub operator, saw substantial uplifts in their remuneration packages in 2013/2014 after total bonuses paid almost doubled from £506,323 to just over £1m.

Chief executive Stephen Goodyear’s total payment (excluding pension costs) grew from £476,346 to £640,066, which included a basic salary of £307,585, a bonus of £311,798 and benefits totalling £20,683.

Finance director Peter Whitehead saw his total remuneration grow from £338,000 to £447,000. He earned a basic salary of £220,137, with a bonus of £208,747 plus benefits of 18,487.

Geronimo Inns managing director Ed Turner, who was promoted to the role during the financial year, earned a basic salary of £179,259, a bonus of £170,000 and benefits of £11,209. His total remuneration was £360,000.

Retail director Patrick Dardis’ total pay grew from £340,000 to £439,146. He earned a basic salary of £228,806, with a bonus of £208,747 and benefits of £1,593.

Young’s reported a 17% rise in adjusted pretax profit to £27.2m in the year to 31 March, with like-for-like sales in its managed arm up 6.7%. Revenue in the year grew 8.8% to £210.8m.

Related topics: Beer

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1 comment

Pay totally out of line with performance - again!

Posted by david,

So, the CEO's package increases by 34.4%. The Financial Director's by 32.2% and Geronimo's Retail Director's package rises by 29.2%

Lovely Jubbly, Rodders.

Pity that the increase in company profits is around half the rate of increase in these remuneration packages. But who's counting or watching? Trebles all round!

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