Former British Land chief executive Chris Grigg has received a £1.3m pay packet in his final year leading the firm.
Grigg, who was appointed as chair of the UK Infrastructure Bank in May, will also be handed an additional £753,612 in monthly payments in lieu of his notice period ending 9 September.
The former chief received £785,000 in fixed remuneration in the year ending March, including a £597,000 base salary. He was also paid £524,000 in annual incentive awards.
In the previous year, Grigg’s pay package totalled £1.5m.
Grigg’s successor, former chief financial officer Simon Carter, was paid more than £1.1m in the year to March.
This included £676,000 in fixed remuneration, with a £557,000 base salary, and annual incentives totalling £473,000. Carter previously earned £819,000 last year.
Carter was formally appointed as chief executive with effect from November.
See also: Five minutes with British Land’s new chief executive
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