FD salaries up 12%
FTSE-100 finance directors have seen their salaries rise by an average of 12% over the past 12 months with more FDs than ever now earning total pay packages worth over £1m per year.
FTSE-100 finance directors have seen their salaries rise by an average of 12% over the past 12 months with more FDs than ever now earning total pay packages worth over £1m per year.
Link: Click here for the full report
The average basic salary for FDs has risen to £350,000, plus £225,000 in short-term, performance-related bonuses and other perks worth £30,000, according to this year’s FD salary survey carried out by Accountancy Age’s sister title Financial Director.
Seven FDs are in the million-pound bracket: Man Group’s Peter Clarke (£1.73m); Vodafone’s Ken Hydon (£1.33m); GSK’s John Coombe (£1.33m); Diageo’s Nick Rose (£1.26m); BP’s John Buchanan (£1.15m); Reckitt Benckiser’s Colin Day (£1.14m); and Unilever’s Rudy Markham (£1.09m).
Two other FDs were within a whisker of the seven-figure mark: Amvescap’s Robert McCullough – the UK’s first million-pound FD two years ago – on £987,000 and Tesco’s Andrew Higginson’s on £974,000. Friends Provident FD Martin Jackson enjoyed the biggest rise of the year. His package jumped 69% to £365,000. But spare a thought for Sage’s Paul Harrison. With a total pay package of £192,000, he was the lowest earning FD in the FTSE-100.
The numbers you crunch tell a story. Your expertis...
21yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe UK's National Living Wage increase to £11.44/hr demands significant adjustments in payroll and reporting for accountants, impacting compliance, fi...
View articleThe Chartered Institute of Public Finance and Accountancy (CIPFA) has announced the appointment of Owen Mapley as its new Chief Executive Officer (CEO...
View articleThis regulatory update aims to simplify the reporting process, reduce administrative burdens, increase accuracy, and provide real-time reporting capab...
View articleThe modern consumer is tech-savvy, and generally digitally literate. Nowhere is this more evident than within the financial sector; consumers demand r...
View articleEntries are now open for the Accountancy Age 35 under 35 2022 ranking, highlighting the brightest young talent in the accountancy sector Read More...
View articleWith the year nearing its close, Chris Evans, vice president and country manager at Intuit QuickBooks UK, takes the opportunity to reflect on the past...
View articleShowcasing the industry's rising talent, the fourth and final instalment of our 35 under 35 rankings highlights five young UK professionals who are ma...
View articleLive broadcast event specifically for accountants Read More...
View article