Bosses’ bonuses bounce back for housebuilders
Persimmon and Taylor Wimpey handed their chief executives bumper bonuses last year, as building bounced back amid a house price boom.
Persimmon boss Dean Finch received a total pay and bonus package of £2.6m last year, compared with £218,326 in 2020, although he only took over as boss in September of that year.
His pay included a £725,000 salary, £1.3m annual bonus and a buyout award of £404,384 to make up for earnings he lost out on when he left his previous employer, National Express.
Persimmon and Taylor Wimpey handed their chief executives bumper bonuses last year, as building bounced back amid a house price boom.
Persimmon boss Dean Finch received a total pay and bonus package of £2.6m last year, compared with £218,326 in 2020, although he only took over as boss in September of that year.
His pay included a £725,000 salary, £1.3m annual bonus and a buyout award of £404,384 to make up for earnings he lost out on when he left his previous employer, National Express.
At Taylor Wimpey, outgoing chief executive Pete Redfern received a total pay and perks package of £2.8m last year, up from £1.1m in 2020, according to its annual report. It included a cash and shares bonus of £1.3m, whereas in 2020, at the height of the pandemic, the company decided to cancel executive bonuses.
Redfern has run the company for 15 years and is handing over to Jennie Daly, the current group operations director, who will become chief executive at the annual meeting in late April. Her total remuneration rose to £1.3m last year from £515,000 in 2020.
The Guardian
