Greene King boss Rooney Anand given 13% salary increase in wake of Spirit pub acquisition

08 August, 2016

Greene King chief executive Rooney Anand was awarded a 13% salary increase in the wake of the Spirit deal, its annual report for 2016 has revealed.

His base salary was increased to £645,000 from £567,970 on 19 October 2015, following a detailed review. The renumeration committee said the increase was due to the “changes in the size and complexity of the group as a result of the Spirit acquisition.”

The report also revealed that Anand earned a total of £2,547,000 for the 52 weeks ended 1 May, up from £2,139,000 the year before.

Chief financial officer Kirk Davis received a 7% rise from 19 October 2015, bringing his base salary up to £351,000 from £328,000.

The report also revealed that the base fee for chairman Philip Yea was £183,000, whilst the base fees for the non-executive directors were £46,000 for Mike Coupe, Rob Rowley and Philip Yea and £53,400 each for Ian Durant and Lynne Weedall.

Old Speckled Hen has led the charge in take-home for Greene King posting a 2.2% increase in sales and a 9.7% rise in operating profits in its brewing and brands division in the year to May 1.

Brewing and brands contributed £196.9 million to overall group revenue which pushed past the £2 billion mark, a 57.6% rise in a year in which it bought the Spirit pub company.

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