Royal Mail boss could receive £500,000 bonus

Royal Mail boss could receive £500,000 bonus

Royal Mail’s CEO, Moya Greene could be in line for a £500,000 bonus as the company prepares for a stock market listing, according to Sky News.

Greene took the helm in 2010 and is expected to receive the payout after near-trebling operating profits last year to £403m.

The bonus is yet to be formally approved by the remuneration committee however a decision will be be made ahead of the company’s annual report due to be released in July.

Greene is eligible for an annual bonus equivalent to a year’s salary which has been frozen at £498,000 for the last three years.

Last year she received a bonus of £371,000, however improved company performance means it is likely to be higher this year.

A spokesman for the Department for Business, Innovation and Skills said: "The Government has not made a decision on the precise form a transaction will take.

"Once we have decided on the type and timing of a transaction we will set out transparently the terms of any incentives ahead of a sale.

"However, it is not our intention to pay deal bonuses."

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  • Gareth Francis
    Gareth Francis
    Fri, 31 May 2013 8:53am BST
    Hi Daniel, apologies for the delay, it was reported in some publications last Friday, we published it on Wednesday to go with our compensation and benefits newsletter.
  • Daniel Kingston
    Daniel Kingston
    Thu, 30 May 2013 2:31pm BST
    Could you please reply to my comment....I'm anxious to know?????
  • Daniel Kingston
    Daniel Kingston
    Wed, 29 May 2013 10:18pm BST
    Can I just ask is this a new story or one that was announced last week. It's just I'm a royal mail employee and heard something similar at work but want to know if its the same one??
    Thank you

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