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SuperGroup's ex Finance boss missed out on £2.6m

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Shaun Wills, the former CFO of SuperGroup, who was ousted from the fashion retailer after declaring bankruptcy earlier this year, missed out on £2.6m of share awards.

Wills had been Finance Director for nearly three years before he was forced to exit the Group, following a dispute with HM Revenue & Customs which it is understood relates to an unpaid tax bill on his earnings prior to joining SuperGroup.

According to the company’s annual report, Wills’ three year service would have made him eligible for 172,373 shares, valued at £2.6m at today’s trading price, as well as an annual bonus last year of around £225,000. At the time of his resignation, Wills’ basic salary was £275,000.

After paying HMRC the outstanding money, Wills’ bankruptcy was annulled in April and he is now Finance Director at Jacques Vert, as the ailing fashion retailer attempts to turnaround its losses.

Last month SuperGroup, which owns SuperDry, announced ex Dunelm CEO as Wills’ replacement.

Nick Wharton, formerly of Dunelm, as the permanent replacement for Mr Wills. Mr Wharton was parachuted in as interim finance director on the day that Mr Wills' departure became public.

Published on Monday 10 August by Veebs Sabharwal

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