Chief executive Ken Murphy has been paid 431 times the wage of the average Tesco worker.
Tesco boss Ken Murphy has seen his pay deal more than double to almost £10 million for the past year.The supermarket giant’s annual report revealed Mr Murphy received a pay package worth £9.93 million for the year to February.Tesco chief executive Ken Murphy has seen his pay deal soar
This PSP payment will be paid out in Tesco shares and is based on the company’s performance since 2021.Meanwhile, the group’s chief finance officer, Imran Nawaz, also saw his annual pay package more than double. It came after Tesco last month posted an adjusted operating profit of £2.83 billion for the year to February, up almost 13% on the previous year.
Alison Platt, chairwoman of the Tesco remuneration committee, said: “This pay award reflects the fact Tesco has delivered for all of its stakeholders over the last year – from its most competitive-ever customer offer, to its record investment in colleague pay.
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