BusinessCompany NewsSainsbury’s FD’s pay packet approaches £1m

Sainsbury's FD's pay packet approaches £1m

Darren Shapland's total salary nears the £1m threshold after a 48% pay hike reflects Sainsbury's improved performance  

Darren Shapland received a pay packet of £919,000 last year, J Sainsbury has
disclosed in its
annual
report
. His salary was boosted by £300,000 from £616,000 in the previous
financial year.

Breakdowns showed that his base salary of £434,000 was bolstered by a bonus
of £405,000 after Sainsbury’s improved performance.

The company, which found itself in the crosshairs of private equity
heavyweights looking at a potential takeover at the end of 2006, reported
revenues of more than £17bn, up from £16bn in 2005/2006.

Shapland, 40, is one of the youngest FTSE 100 finance directors and
was appointed as FD in August 2005 after a stint as deputy chairman of
Sainsbury’s Bank plc. Earlier in his career he held FD roles at Carpetright and
Superdrug Stores, and the Burton Group.

Further reading:

On the money with Gavin Hinks 

BT finance director joins the millionaires’
club

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