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63% pay jump for Landsec’s Noel

Rob_Noel_Land_Sec_THUMB.gifLand Securities chief executive Rob Noel saw his remuneration jump by 63% to £4.35m in 2014 as his performance-related pay grew substantially on 2013.

Some £3.97m in incentive-related pay, of which £2.8m was long-term incentive, boosted his £711,000 basic salary.

Chief financial officer Martin Greenslade’s performance-related pay also rose, according to LandSec’s annual report, as he claimed a total package of £3.1m.

LandSec’s net asset value per share rose by 27.6% to 1,293p in the year to the end of April and it posted an annual profit of £2.4bn.

mike.cobb@estatesgazette.com

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