{"id":441,"date":"2026-07-04T12:54:49","date_gmt":"2026-07-04T12:54:49","guid":{"rendered":"https:\/\/safeavon.org.uk\/?p=441"},"modified":"2026-07-04T12:54:49","modified_gmt":"2026-07-04T12:54:49","slug":"severn-trent-doubles-ceo-reward-plan-to-3-1m-despite-anger-over-water-pay","status":"publish","type":"post","link":"https:\/\/safeavon.org.uk\/?p=441","title":{"rendered":"Severn Trent doubles CEO reward plan to \u00a33.1m despite anger over water pay"},"content":{"rendered":"

Guardian piece<\/a><\/p>\n

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Severn Trent has doubled the size of a long-term reward scheme for its new chief executive to as much as \u00a33.1m and he could receive significantly more than his predecessor, despite anger over water bosses\u2019 pay.<\/p>\n

The FTSE 100 water company said its long-term incentive plan (LTIP) would increase from 200% of\u00a0new chief executive James Jesic<\/a>\u2019s base salary to 400%, according to changes revealed in the company\u2019s most recent annual report. Jesic could receive as much as \u00a34.8m in a single year after salary, annual bonus, LTIP and benefits are counted.<\/p>\n<\/div>\n

Jesic\u2019s theoretical maximum pay packet for a single year could reach \u00a34.8m when including the salary, bonuses, benefits such as an electric car and a \u00a315,000 \u201cgreen travel allowance\u201d, plus pension contributions. That would be significantly more than\u00a0the \u00a33.9m peak annual earnings for Garfield<\/a>\u00a0in 2022.<\/p>\n

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The utility, which serves 4.7 million customers around Bristol, the Midlands and east Wales, also removed an environmental performance measure from the criteria determining future bonuses. \u00a0The company said it was justified in watering down the measure because it \u201ccould be heavily influenced by factors outside management\u2019s control, reducing its effectiveness within the bonus structure\u201d. It replaced it with a customer service metric, while some different environmental measures also remained.<\/div>\n<\/div>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Guardian piece   Severn Trent has doubled the size of a long-term reward scheme for its new chief executive to as much as \u00a33.1m and he could receive significantly more than his predecessor, despite anger over water bosses\u2019 pay. The FTSE 100 water company said its long-term incentive plan (LTIP) would increase from 200% of\u00a0new<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[],"class_list":["post-441","post","type-post","status-publish","format-standard","hentry","category-water-companies"],"_links":{"self":[{"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/441","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=441"}],"version-history":[{"count":2,"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/441\/revisions"}],"predecessor-version":[{"id":443,"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/441\/revisions\/443"}],"wp:attachment":[{"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=441"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=441"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/safeavon.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=441"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}