Burberry boss the highest paid CEO

Burberry CEO salary Marco Gobbetti pay rise
Marco Gobbetti's salary increased 112% year-on-year in 2018 to £7.4 million
// Burberry CEO salary increases 112% to £7.4m
// CEOs of FTSE 100 companies saw their salary shrink 13% year-on-year to an average of £3.4m in 2018

Burberry chief executive Marco Gobbetti has seen his salary increase by 112 per cent, despite pay for FTSE 100 chief executives shrinking 13 per cent to an average of £3.4 million in 2018.

Chief executives at 43 of the FTSE 100 companies saw their pay increase last year, the latest figures from the High Pay Centre and Chartered Institute of Personnel and Development (CIPD) revealed.

Gobbetti, who succeeded Christopher Bailey as Burberry chief executive in July 2017, saw his salary increase by 112 per cent year-on-year in 2018 to £7.4 million.

Meanwhile, Marks & Spencer chief executive Steve Rowe and Next boss Lord Wolfson both took pay cuts last year – down by 37 per cent and 32 per cent respectively.

The average pay for chief executives still remains 144 times higher than the average UK worker, which is currently at £24,000.

Click here to sign up to Retail Gazette‘s free daily email newsletter