Dixons Carphone Boss Sebastian James has the potential to earn up to £4.9m next year if he hits performance targets for the recently merged retail group, The Guardian reports.
James earned £1.7m in the nine months to May 2015 as he headed up the group formed of Dixons Retail and mobile phone specialist Carphone Warehouse.
That package included a maximum bonus of £1.02m after he exceeded profit, debt and return on capital targets, according to the new company’s annual report published on Wednesday.
It is not known how much James earned in the previous four months when he was still Chief Exec of Dixons, but it is likely to be at least £249,000 given his annual salary and benefits reported in the company’s 2014 annual report.
That would bring the total for the year to May to £2m, a large increase on the £1.35m James earned in the year to May 2014 which included a £608,000 base salary although this could be eclipse by his new pay deal under which he will earn a base salary of £820,000, with a possible further £1.02m annual bonus and up to £3m in long term share awards.