Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay
Increase to long-term incentive plan means James Jesic could significantly outearn predecessor Liv Garfield Severn Trent has doubled the size of a long-term reward scheme for its new chief executive to as much as £3.1m and he could receive significantly more than his predecessor, despite anger over water bosses’ pay. The FTSE 100 water company said its long-term incentive plan (LTIP) would increase from 200% of new chief executive James Jesic ’s base salary to 400%, according to changes revealed in the company’s most recent annual report. Jesic could receive as much as £4.8m in a single year after salary, annual bonus, LTIP and benefits are counted. Continue reading...
- Category
- Business
- Published
- Saturday, July 4, 2026 at 6:00 AM
- Publisher
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The Guardian Business
