IN THE MONEY: Cobham boss David Lockwood

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City & Finance Reporter for the Daily Mail

Cobham boss David Lockwood got an extra £394,000 for a new house near its HQ.

The 55-year-old agreed to live in Wimborne, Dorset, and compensation for relocating included £203,000 for stamp duty, £177,000 for tax and £7,000 for his removal fees.

His total pay package last year, his first full year, was £2.1million, including a bonus of £840,000. 

The board said the relocation package was justified due to a ‘significant improvement in senior leadership’.

 

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