This was CEO Ije Nwokorie’s wage on the time of his appointment in January and he won’t obtain a rise within the 2026 monetary yr.
The utmost annual bonus payable beneath the enterprise’s world bonus scheme (GBS) is 200% of wage for the CEO and 150% of wage for the CFO.
Dr Martens has elevated the weighting on adjusted revenue earlier than tax throughout the annual bonus to 70%, from 55% within the earlier monetary yr, as a way to “guarantee the chief crew is targeted on delivering sustainable and worthwhile development”.
The remaining 30% can be equally break up throughout strategic goals, based mostly on staff, customers and the setting.
The targets for the annual bonus can be shared retrospectively in subsequent yr’s remuneration report.
Adjusted EBIT at Dr Martens greater than halved within the yr to 30 March 2025, from £126.4m to £60.7m, however the enterprise is anticipating “vital revenue development” within the coming yr as its turnaround technique takes maintain.
Income earlier than tax plummeted from £93m to £8m, whereas adjusted revenue earlier than tax was £34.1m. Nonetheless, with the anticipated revenue development within the coming yr, it has upped its steerage to throughout the vary of £54m-£74m.
“Our single focus in FY25 was to deliver stability again to Dr Martens,” Nwokorie mentioned on the time. “I’m laser-focused on day-to-day execution, managing prices and sustaining our operational self-discipline whereas we navigate the present macroeconomic uncertainties.”
