Marks & Spencer FD reaps recovery bonus
M&S gives £525,000 bonus to FD Ian Dyson, as recovery continues
Ian Dyson, the finance
director at retailer Marks &
Spencer, has been paid a cash bonus of £525,000, taking his overall pay past
the £1m mark.
Dyson, along with other senior executives, were rewarded for the improving
fortunes of the once struggling high-street retail store.
Its most recent results showed a 29% rise in pre-tax profits to £965m as
sales increased by 10% to £8.6bn.
His pay though was dwarfed by that of
chief executive Stuart
Rose who took home £3.6m in salary and bonus last year.
M&S requires executive directors to take 60% of their bonuses in shares.
Further reading:
Former M&S chairman slams private equity tax rules
M&S victorious in Court of Appeal
M&S to invest £200m in reducing carbon footprint