// Sainsbury’s CEO Simon Roberts took home £4.95m in pay last year
// The grocer invested £225m in colleague pay to support its staff with the rising cost of living
Sainsbury’s boss Simon Roberts pocketed £4.95m in pay last year as the supermarket giant invested £225m in colleague pay.
The grocer’s annual report shows that the chief executive picked up £3.96m in bonuses on top of a £899,000 a year salary and other benefits – up 37% from the £3.6m pay packet the year prior.
It said Roberts would receive a 4% fixed pay increase for the current year, which it pointed out was in line with the salary increase awarded to senior management and was below the 10% given to store staff over the last year.
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Kevin O’Byrne, who retired as chief financial officer in March, took home £3.3m last year, up from £2.95m the year before.
It said his successor Bláthnaid Bergin was “not eligible for a May pay increase given her appointment in March”. Her fixed pay salary for the current year is £650,000.
Sainsbury’s invested £225m in colleague pay and benefits last year to help support staff with the rising cost of living.
Earlier this year, the grocer posted a 62% drop in its pre-tax profit to £327m, after revealing it had spent more than £560m on “keeping our prices low over the last two years”.
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