Graham Stapleton earned more than £1.8m for just 75 days as Halfords’ boss
Bike retailer Halfords has handed its chief executive more than £1.8million for just 75 days in the job.
It awarded new boss Graham Stapleton the bumper pay package which included £1.6million for the bonus he forfeited when leaving Dixons Carphone.
It means he earned roughly £24,000 a day – around what the average worker earns all year.
Stapleton, 50, was chief executive of Dixons Carphone’s software business Honeybee, and was also chief executive of Carphone Warehouse UK and Ireland between 2013 and 2015, before its merger with Dixons.
His pay covers the period from when he joined the business on January 15 to March 30, the end of Halfords’ financial year.
Stapleton was also paid a salary of £115,917 and a £115,802 bonus.
The remainder was made up of other benefits.
A spokesman for Halfords said: ‘The balance of his remuneration comprised a one-off award of £1.6million in relation to payments he forfeited when he left Dixons Carphone.’