The chairman of the John Lewis Partnership will go without a pay rise for two years running as the retail stalwart focuses on boosting its financial fortunes.
Sir Charlie Mayfield opted against a pay hike for 2017/2018 and has told the company not to boost his financial package for the coming year.
The move means his total pay packet slipped to £1.411m for 2017/18, down from £1.413m the year before, as he pocketed smaller pension awards.
The Times adds that a key council of employees at the John Lewis Partnership has held its first secret ballot in more than a decade to gauge support for the leadership of Sir Charlie Mayfield.
In a vote that the partnership described as a landmark occasion, just under two thirds of the council backed a proposal to support the chairman’s “leadership and the continuing progress of the partnership”.
