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:
BT finance director joins the millionaires’
club