BusinessCompany NewsMarks & Spencer FD reaps recovery bonus

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

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