That is up from £4.63m within the earlier 12 months, the retailer’s annual accounts for the 12 months to 25 January 2025 confirmed.
Of the determine, £1.16m was fastened pay, with the remaining £3.57m in bonuses, together with £1.02m of annual bonus and £2.55m from Subsequent’s long-term incentive plan.
The fastened pay included a 2.8% rise in base wage for the monetary 12 months, growing his pay from £908,000 to £944,000.
Chief merchandising and operations director Richard Papp took house £3.02m, up from £2.49m the earlier 12 months.
Advertising and HR director Jane Shields obtained a wage of £3.08m, up from £2.46m the 12 months prior.
The pay will increase come because the retailer posted income of £1.01bn earlier than tax for the 12 months, marking a ten% rise 12 months on 12 months from £916m.
The retailer stated in its annual report: “Subsequent has spent seven years altering course and is, for now, clear in its route of journey (…) We’ll spend much less time explaining our course, and focus as an alternative on how we intend to construct momentum, and navigate among the challenges we’re prone to meet alongside the way in which.”
