Savills group chief executive Jeremy Helsby increased his total remuneration by £310,000 to more than £1.58m in 2012, the group’s published accounts revealed.
In 2011 Helsby’s package amounted to £1.26m.
Group chief financial officer Simon Shaw broke though the £1m total package barrier between 2011 and 2012, going up from £891,390 to £1.19m.
Helsby’s base salary was £225,000 in 2012, supplemented by a performance profit share of £997,407 in cash and £301,280 in deferred shares.
In addition he had £45,000 put in his pension and £11,216 for a car and medical insurance.
Shaw received a base salary of £175,000, identical to 2011’s figure, with a performance profit share of £758,464 in cash and £217,448 in deferrred shares. His other benefits included £31,500 for his pension and £11,216 for car and medical insurance.
Both Helsby and Shaw waived some of their profit share award in favour of contributions to registered charities. Helsby waived £25,313 and Shaw £12,488.
The chairman of Savills non-executive directors, Peter Smith, was paid a fee of £150,000. Fees for other executive directors included £45,000 each to Martin Angle, Charles McVeigh and Tim Freshwater; and £33,750 to Clare Hollingsworth, chair of the remuneration committee.
Hollingsworth said that although some of the new proposals on transparency in executive pay had yet to be finalised by the Department for Business Innovation and Skills, Savills’ latest report “attempts to capture the spirit of BIS’s direction”.
david.harris@estatesgazette.com
