Who is the UK's new highest paid FD?
Martin Weigold, PartyGaming's CFO, tops the FD pay leagues with $8.59m (£4.8m) package
Martin Weigold is to become UK plc’s highest paid FD after earning $8.59m
(£4.8m) last year as the CFO of the world’s largest online gaming company
PartyGaming.
Shareholders are expected to approve Weigold’s remuneration package at
PartyGaming’s AGM on the 4th of May.
Weigold’s pay package will see him surpass Peter Clarke, the finance head at
Man Group, who, according to the Financial Director salary survey, is on a total
package of £2.3m, less than half of Weigold’s takings.
The bulk of Weigold’s earnings, however, are as a result of PartyGaming’s
sensational £4.64bn float on the London Stock Exchange last year.
Weigold, who was working 18-hour days for weeks on end in the lead up to the
float, earned $7.7m from the sale of share options in the year of the float. His
salary only contributed $563,811 to his total package. He also earned a bonus of
$215,362 and benefits of $102,802.
Read Accountancy Age’s profile of Martin Weigold at
accountancyage.com/2147224