Base salary, benefits and other allowances

Since the Chief Executive joined the Group on 1 October 2009, the Committee agreed that an increase at the normal review date of 1 April would not be appropriate in 2010. The Group Finance Director’s base salary was increased by 2%, effective 1 April 2010 (2009 – 0%). This was in line with levels of base salary increase for other employees.

Executive directors’ base salaries are shown in the table below.

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As at 1 April 2010
£

As at 1 April 2009 or date of appointment if later
£

Javed Ahmed

675 000

675 000

Tim Lodge

382 500

375 000

Executive directors also receive other benefits comprising principally a company car or a cash allowance in lieu; health insurance; and premiums paid on life assurance policies.