The pay package of Unilever’s chief executive, Paul Polman, grew by 51% to £10.3m in 2017, and he is in line for a further rise in salary and potential bonuses under an overhaul of executive pay.
Polman’s 2017 pay deal includes a £1m annual salary, £2m bonus and £6.4m in long-term bonus scheme shares, according to the group’s annual report. The company also revealed plans for a pay review which, for Polman, would raise his total fixed pay, including salary and benefits, by 5% to £1.45m in 2018 and hand him up to £9.9m in bonuses and shares a year. This would be a 23% rise in the potential for bonuses.
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