Intertek Group, the testing and inspection specialist, is to turn out to be the most recent in a string of FTSE-100 firms handy their chief executives a sizeable pay enhance.
Sky Information has learnt that the corporate, which has a market worth of near £8bn, will disclose in its annual report on Friday that Andre Lacroix has been awarded a multimillion pound enhance in his most remuneration package deal.
Shareholders consulted on the proposals stated the rise would largely include a considerable hike in Mr Lacroix’s variable pay by means of his long-term incentive alternative.
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Mr Lacroix has run the corporate for a decade, with revenues rising by 62% throughout that interval and working revenue up by greater than 80%.
The rise in his most pay package deal will make Mr Lacroix the most recent in a collection of blue-chip firm bosses to see their earnings boosted amid intense debate in regards to the attractiveness of the London inventory market.
Dame Emma Walmsley, the boss of medicine big GSK, will see her most payout enhance to £21.6m beneath a brand new pay coverage.
Earlier this yr, Sky Information revealed that the chief executives of Barclays and HSBC Holdings would see their packages enhance following talks with main shareholders.
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Different firms capitalising on a extra permissive temper amongst institutional buyers embody British American Tobacco and Compass Group, the contract caterer.
Final yr, Dame Julia Hoggett, chief government of the London Inventory Alternate, referred to as for UK CEO pay to be introduced extra carefully into line with that of US-based friends so as to assist avert a circulate of firms shifting their listings to New York.
Intertek declined to remark.
