Martin Ackroyd, the former finance director of Wm Morrison, received a
payment of £505,796 plus 12 months’ pension funding when he left the company,
its full-year report has revealed.
Chief executive Bob Stott is also in line for a £1.42m payoff when he steps
down later this year, and he will continue to work for the company as a
Despite a tough year for Wm Morrison, Stott’s payment is worth twice his
current salary, profit share and benefits. A source quoted in The Times
said his payout reflected his achievements: ‘Bob has had over 20 years’ service
and oversaw the UK’s largest ever store conversion programme’.
The group has been looking for a new CEO since October.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.