Intertek Group, the testing and inspection specialist, is to change into the newest in a string of FTSE-100 firms handy their chief executives a sizeable pay enhance.
Shareholders consulted on the proposals mentioned the rise would largely encompass a considerable hike in Mr Lacroix’s variable pay by means of his long-term incentive alternative.
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Mr Lacroix has run the corporate for a decade, with revenues rising by 62% throughout that interval and working revenue up by greater than 80%.
The rise in his most pay package deal will make Mr Lacroix the newest in a sequence of blue-chip firm bosses to see their earnings boosted amid intense debate in regards to the attractiveness of the London inventory market.
Dame Emma Walmsley, the boss of medication big GSK, will see her most payout enhance to £21.6m beneath a brand new pay coverage.
Different firms capitalising on a extra permissive temper amongst institutional buyers embody British American Tobacco and Compass Group, the contract caterer.
Final 12 months, Dame Julia Hoggett, chief government of the London Inventory Alternate, referred to as for UK CEO pay to be introduced extra carefully into line with that of US-based friends with a view to assist avert a movement of firms shifting their listings to New York.
Intertek declined to remark.
