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Kingfisher bonus scheme pays out nearly 8m to three executives

Directors at Kingfisher, the group that owns B&Q, received shares worth almost £8m last night as three bonus schemes paid out.

According to the Daily Mail, Kingfisher rewarded three executives with thousands of shares for their work over the past four years. The shares were awarded on the condition of the team hitting their targets.

B&Q divisional chief executive Kevin O’Byrne earned shares valued at more than £2m. Kingfisher chief operating officer Euan Sutherland received £1.6m.

The boss of its French division Philippe Tible, received the largest amount with shares valued at £3.4m.

Source : Tiffany Holland – Retail Week
www.retail-week.com

07 June 2012
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