Adam Crozier earned over £8m in 2013

ITV chief's remuneration rises by 189% on 2012, boosted by shares awarded in 2010 and company's performance share planITV chief executive Adam Crozier's total remuneration almost tripled to more than £8m last year, boosted by the award of shares worth nearly £6m under incentive schemes.Crozier earned an overall remuneration packet of £8.4m in 2013, a 189% increase from the £2.9m he received in 2012, according to ITV's annual report for last year, published on Thursday.The figure rocketed last year because Crozier was awarded £3.95m in shares under a joining package agreed when he took up the role in 2010 and he received a further £2.04m in stock from the company's performance share plan (PSP).Crozier received £2.4m in 2013 in cash and pension contributions, including a bonus of £1.4m and a base salary of £841,000. Crozier's cash and pensions contributions were up 6.7% on the year. Crozier's base salary was up 2.81% from £818,000 the year previous.Crozier's £1.4m bonus equates to 93% of what he could have taken home.ITV said: "The increase in total remuneration for the chief executive from 2012 to 2013 results from the vesting of this joining award in 2013, together with the first vesting under a PSP award since he joined ITV. The level of vesting of both awards reflects the outstanding performance to date and a significant increase in share price."ITV chairman Archie Norman, who also joined the broadcaster in 2010, took home an overall pay package of £500,000 in 2013,... Continue reading at 'The Guardian'

[ The Guardian | 2014-03-20 00:00:00 UTC ]

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Adam Crozier earned over £8m in 2013

ITV chief's remuneration rises by 189% on 2012, boosted by shares awarded in 2010 and company's performance share planITV chief executive Adam Crozier's total remuneration almost tripled to more than £8m last year, boosted by the award of shares worth nearly £6m under incentive schemes.Crozier... Continue reading at The Guardian

[ The Guardian | 2014-03-20 00:00:00 UTC ]
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