Morrisons chief David Potts lands £3m pay rise for turnaround

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  • Morrisons chief executive David Potts took home £5.8million last year 
  • His pay package was made up of £850,000 in base salary and £1.7m in a bonus
  • Potts also got £27,000 in benefits and £213,000 into his pension scheme

City & Finance Reporter for the Daily Mail

Morrisons chief executive David Potts took home £5.8million last year – £3million more than a year earlier.

Potts, 61, landed the bumper payout despite waiving a 2.4per cent pay rise for the third year in a row. 

His pay package as boss of the supermarket was made up of £850,000 in base salary and £1.7million in a yearly bonus. 

Morrisons chief executive David Potts took home £5.8million last year ¿ £3million more than a year earlier

Morrisons chief executive David Potts took home £5.8million last year ¿ £3million more than a year earlier

Morrisons chief executive David Potts took home £5.8million last year – £3million more than a year earlier

The majority of his pay came from a £3million award under the firm’s long-term incentive plan.

Potts also got £27,000 in benefits, including transport costs and private health insurance, and £213,000 of payments into his pension scheme. 

Chief financial officer Trevor Strain took his 2.4per cent pay rise, taking his base salary to £596,000. 

Bonuses and shares from the long-term incentive plan pushed up Strain’s total pay to £3.5million – 22per cent higher than a year earlier. 

Morrisons said the share award was to reflect the turnaround since Potts was appointed in 2015.  

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