Ian Tyler took home 拢1.04m in 2008 as boardroom pay rose 24% to 拢3.4m
The pay of Balfour Beatty chief executive Ian Tyler broke through the 拢1m barrier last year.
His take-home package of 拢1.04m was 10% up on last year鈥檚 figure of 拢949,248 and included a basic salary of 拢605,000 and a cash bonus of 拢336,000.
Deputy chief executive Anthony Rabin took home 拢720,255, which included a bonus of 拢226,667. The figure was up 10% on the previous year鈥檚 pay packet of 拢653,951 when he was finance director.
Overall board pay rose by 24% from 拢2.7m to 拢3.4m as a result of the creation of the deputy chief executive role last year. Finance director Duncan Magrath, who replaced Rabin in March 2008, took home 拢483,180.
The rises of about 10% are in line with those awarded at Costain, where chief executive Andrew Wyllie took home a total of 拢723,634 in 2008 鈥� a 9% rise on 拢663,679 in 2007.
The pay rises at Balfour Beatty come after a strong performance in 2008, which saw pre-tax profit rise 24% to 拢249m and turnover jump 27% to 拢9.5bn. In January the company entered the FTSE 100.
No comments yet