Tesco FD Higginson picks up £5.1m package

Tesco finance director Andrew Higginson received as much as £5.1m pounds last year as he shared in the financial success of the supermarket giant.

Higginson received £2.8m in salary and bonus schemes, plus an additional £2.3m after the company announced annual profits of £2.8bn on sales of £52bn, up 11.1% on last year.

The company also awarded huge payouts to chief executive Sir Terry Leahy, who received nearly £10m in payouts and shares, and former marketing director Tim Mason who is now responsible for the group's Fresh & Easy chain and picked up around £6.8m.

All other board directors earned more than £2m, according to the Guardian.

Further reading:

Tesco FD defends group's festive sales figures

Higginson scoops prestigious CIMA gong