Vodafone Group CEO nets £14m pay package

Vodafone Group CEO nets £14m pay package

Vodafone Group CEO Vittorio Colao saw his pay package more than double to around £14m thanks to share options and bonuses.

The company's annual report, published late last week, revealed that Colao's package more than doubled from the £6.6m he received last year. The Group CEO had a salary of £1.1m, short-term bonuses worth £1.03m, and benefits and other payments worth £899,000.

However, at the end of June a long-term share bonus scheme worth £10.99m is due to vest, taking Colao's payment package to around £14m. The report said Colao will hold 100% of those shares for an additional two years.

Editor: Graeme Neill

Written by Mobile Today
Mobile Today

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