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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