Finance chiefs to prosper after Imperial Energy pay overhaul
Oil explorer's new FD joins the company at the perfect time as the company announce improved pay framework
Oil explorer's new FD joins the company at the perfect time as the company announce improved pay framework
Two of Imperial Energy’s key finance figures are in line for a salary boost
after the group announced a new pay structure to reflect the company’s vault
into the FTSE 250.
Group FD John Hamilton, will now receive a base salary of £200,000 while
Russia-based Denis Kurochkin, the CFO of CIS operations will rake in 9,028,483
roubles (£196,000) after the shake-up.
Imperial also agreed to stump up £300,000 for Hamilton losing out on a bonus
opportunity at ABN on taking the FD job at the oil company.
Imperial Energy’s annual report said: ‘The [remuneration] committee has made
changes to the remuneration policy for 2008 in recognition that the company has
developed rapidly since its flotation in May 2004 and make it more relevant to
its status as a FTSE 250 company from November 2007.’
Hamilton, joined Imperial in December 2007 after 7 years in the oil and gas
team at ABN AMRO’s corporate and investment bank.
Kurochkin was appointed to the board in December 2006 and is a qualified
accountant who trained and spent the first eight years of his professional
career at PricewaterhouseCoopers in Russia.
Further reading:
Get
the lowdown on Imperial here
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn 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 resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View articleThe FRC has announced Richard Moriarty as its new chief executive, replacing Sir Jon Thompson Read More...
View article