Bonus boosts Whitbread chief’s £3.4m package

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WHITBREAD boss Andy Harrison saw his total pay and bonus package more than double last year to £3.4 million.

On top of a cash and shares bonus of £897,197 for last year’s performance, the leisure group’s chief executive also benefitted from payments under long-term share schemes which vested during the year. His basic salary of £733,644 was up by 2.2 per cent on the previous year.

Christopher Rogers, head of the Costa coffee chain, received total remuneration of £2.2m, up from £2.05m, including a bonus of more than £683,000. Chairman Anthony Habgood received £325,000, up from £314,583.

Total boardroom pay, not including share awards vesting during the year, rose to £5.48m from £3.89m.

The bonuses came after a strong year for the group which is also behind the Beefeater, Brewers Fayre and Premier Inn brands.

It reported an 11 per cent rise in underlying profits to £356.5m for the year to 28 February.

Total revenues across the group grew 14.2 per cent to £2 billion, with sales at Costa soaring 24 per cent. On a like-for-like basis, which strips out the effect of new stores, takings were up 6.8 per cent.

The group plans to expand the Costa and Premier Inn chains in a move aimed at 
creating 12,000 jobs over the next five years.

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