Persimmon’s new chairman will have a salary almost 27% higher than his predecessor’s, reflecting the scale of the task he faces to rebuild the housebuilder’s relationship with its shareholders after the damaging pay row.
Roger Devlin’s salary of £300,000 compares with the £237,000 of salary and benefits paid last year to Nicholas Wrigley. While his executive colleagues were earning massive bonuses, Mr Wrigley languished near the bottom of the FTSE 100 chairman’s pay league table.
Mr Devlin, who assumed the chairmanship at the bookmaker William Hill last month, announced that he would be stepping down as chairman of the brewer and pubs group Marston’s to take up the same role at Persimmon on June 1.
