Article 69XF4 Drax chief’s pay packet jumped almost 70% to £5.4m in 2022

Drax chief’s pay packet jumped almost 70% to £5.4m in 2022

by
Alex Lawson Energy correspondent
from World news | The Guardian on (#69XF4)

Campaigners say Will Gardiner's pay rise comes from subsidies on energy bills paid for by public and accuse firm of greenwashing

The chief executive of the power station giant Drax, Britain's biggest single source of carbon emissions, has seen his pay rocket almost 70% to more than 5m after a year when high electricity prices profits sent profits soaring.

Will Gardiner, who has led the power generator since 2018, received a pay package of 5.4m for 2022, up from 3.2m for the previous year. Gardiner's package included a 10% increase in his salary to 631,000, a 966,000 bonus and 3.6m under a long-term incentive plan. The total renumeration of the Drax finance chief, Andy Skelton, rose from 2m in 2021 to 3m in 2022.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments