Tajuk : Tesco CEO Dave Lewis gets a £2.3 million bonus — but its less than last year
link : Tesco CEO Dave Lewis gets a £2.3 million bonus — but its less than last year
Tesco CEO Dave Lewis gets a £2.3 million bonus — but its less than last year
Tesco Group Chief Executive, Dave Lewis speaks at an analyst presentation in London, Britain, April 12, 2017.
LONDON — The CEO of Tesco saw his total pay package fall be £500,000 last year, with sales not quite strong enough for him to earn his full bonus.
Dave Lewis’ total remuneration for 2016/17 was £4.1 million, compared to £4.6 million in 2015/16. The figures are disclosed in Tesco’s annual report, published on Friday.
Lewis’ base salary remained unchanged at £1.25 million and pension contributions were also steady at £313,000. Benefits jumped from £80,000 to £223,000. However, the Tesco CEO’s annual bonus fell from £2.9 million to £2.3 million.
Tesco’s annual report shows the fall in bonus was down to sales. The supermarket reached its target of at least £48.1 billion in sales from continuing operation (it reported £48.2 billion) but it would have had to hit £48.6 billion for Lewis to receive his full bonus.
Deanna Oppenheimer, the chair of Tesco’s remuneration committee, writes in the annual report: “Tesco has had a year of strong progress, delivering against the three turnaround priorities of improving competitiveness in the UK, a more secure balance sheet and rebuilding trust, which were set in 2014.
“A stable platform has been established and a strong performance delivered in spite of significant external challenges, which made 2016/17 another challenging year for retailers.
“As a result, the Committee determined that 75.6% and 74.2% of the maximum bonus opportunity should pay out for the Group Chief Executive and Chief Financial Officer, respectively.”
CFO Alan Stewart took home £2.2 million in 2016/17, including a £1.2 million bonus. He made £2.5 million in 2015/16 when his bonus was £1.6 million.
Tesco reported revenue up 3.7% to £55.9 billion for 2016/17, with profit before exceptional costs of £1.28 billion. The supermarket is currently in the midst of a multi-billion pound merger with food wholesaler Booker, Lewis’ first major M&A deal since taking the reigns at Tesco in 2014.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pENIxH
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
Tesco Group Chief Executive, Dave Lewis speaks at an analyst presentation in London, Britain, April 12, 2017.
LONDON — The CEO of Tesco saw his total pay package fall be £500,000 last year, with sales not quite strong enough for him to earn his full bonus.
Dave Lewis’ total remuneration for 2016/17 was £4.1 million, compared to £4.6 million in 2015/16. The figures are disclosed in Tesco’s annual report, published on Friday.
Lewis’ base salary remained unchanged at £1.25 million and pension contributions were also steady at £313,000. Benefits jumped from £80,000 to £223,000. However, the Tesco CEO’s annual bonus fell from £2.9 million to £2.3 million.
Tesco’s annual report shows the fall in bonus was down to sales. The supermarket reached its target of at least £48.1 billion in sales from continuing operation (it reported £48.2 billion) but it would have had to hit £48.6 billion for Lewis to receive his full bonus.
Deanna Oppenheimer, the chair of Tesco’s remuneration committee, writes in the annual report: “Tesco has had a year of strong progress, delivering against the three turnaround priorities of improving competitiveness in the UK, a more secure balance sheet and rebuilding trust, which were set in 2014.
“A stable platform has been established and a strong performance delivered in spite of significant external challenges, which made 2016/17 another challenging year for retailers.
“As a result, the Committee determined that 75.6% and 74.2% of the maximum bonus opportunity should pay out for the Group Chief Executive and Chief Financial Officer, respectively.”
CFO Alan Stewart took home £2.2 million in 2016/17, including a £1.2 million bonus. He made £2.5 million in 2015/16 when his bonus was £1.6 million.
Tesco reported revenue up 3.7% to £55.9 billion for 2016/17, with profit before exceptional costs of £1.28 billion. The supermarket is currently in the midst of a multi-billion pound merger with food wholesaler Booker, Lewis’ first major M&A deal since taking the reigns at Tesco in 2014.
Read more stories on Business Insider, Malaysian edition of the world’s fastest-growing business and technology news website.
✍ Sumber Pautan : ☕ Business InsiderBusiness Insider
Kredit kepada pemilik laman asal dan sekira berminat untuk meneruskan bacaan sila klik link atau copy paste ke web server : http://ift.tt/2pENIxH
(✿◠‿◠)✌ Mukah Pages : Pautan Viral Media Sensasi Tanpa Henti. Memuat-naik beraneka jenis artikel menarik setiap detik tanpa henti dari pelbagai sumber. Selamat membaca dan jangan lupa untuk 👍 Like & 💕 Share di media sosial anda!
dengan itu Perkara Tesco CEO Dave Lewis gets a £2.3 million bonus — but its less than last year
Kini anda membaca artikel Tesco CEO Dave Lewis gets a £2.3 million bonus — but its less than last year dengan alamat pautan https://timesnewmalaysia.blogspot.com/2017/05/tesco-ceo-dave-lewis-gets-23-million.html
Related Posts :
Wanita nekad rempuh kereta suami yang dinaiki bersama perempuan simpanan, jalan raya sesak 4 jam ekoran drama suami isteri itu- Pintu tak boleh buka dan rumah berbau busuk: Hajat si menantu nak jenguk bapa mertua bertukar pilu apabila hanya mayat yang ditemui, dipercayai sudah meninggal lebih 4 hari
- Akibat Tekanan Hidup, Dato Seri Vida Menghidap Darah Tinggi?
- Akibat Tekanan Hidup, Dato Seri Vida Menghidap Darah Tinggi?
- Watak jahat dalam filem jadi pilihan ibu bapa beri nama kepada anak mereka
0 Response to "Tesco CEO Dave Lewis gets a £2.3 million bonus — but its less than last year"
Catat Ulasan