Punch Taverns plc 2011 Annual Report

Punch Taverns plc
Annual Report and Financial Statements 2011
39
Audited information
The total of Directors’ emoluments in the year was £3,633,000 (2010: £2,432,000), including pension contributions of £322,000
(2010: £270,000). The remuneration of the Directors during the year was as follows:
Annual remuneration
Basic salary / fees Benefits 1 Bonus
2011 2010 2011 2010 2011 2010
£000 £000 £000 £000 £000 £000
Gain on
release of shares
2011 2010
£000 £000
Pension
Other payments
made to former
Directors
Executive Directors
Roger Whiteside 2 405 400 23 14 430 – – – 73 56 – – 931 470
Steve Dando 3 138 – 10 – 275 – – – 22 – – – 445 –
Giles Thorley 4 23 525 – 20 – – – – – 95 – – 23 640
Phil Dutton 5 113 350 9 29 – – – – 23 63 458 – 603 442
Mike Tye 6 382 400 16 22 – – – – 68 56 – – 466 478
Ian Dyson 7 612 – 16 – – – – – 136 – 69 – 833 –
Non-executive Directors
Peter Cawdron 8 155 155 – – – – – – – – – – 155 155
Ian Fraser 52 52 – – – – – – – – – – 52 52
Mark Pain 9 43 42 – – – – – – – – – – 43 42
Ian Wilson 10 20 44 – – – – – – – – – – 20 44
Tony Rice 11 52 47 – – – – – – – – – – 52 47
Walker Boyd 12 10 – – – – – – – – – – – 10 –
Ian Dyson 7 – – – – – – – – – – – – – –
Former Directors – 62 – – – – – – – – – – – 62
Total 2,005 2,077 74 85 705 – – – 322 270 527 – 3,633 2,432
1
Benefits comprise the following elements: health cover, car, fuel, death in service and income protection.
2
Appointed Chief Executive Officer on 1 August 2011.
3
Appointed Finance Director on 10 May 2011. Emoluments include base salary, pension and benefits from date became Acting Finance Director on
1 February 2011.
4
Resigned as Chief Executive Officer on 6 September 2010. His base salary and benefits as Chief Executive Officer ceased on 6 September 2010
(no annual bonus was payable for 2009/10).
5
Resigned as Finance Director and left the Board on 17 December 2010. Other payments relates to the payment of base salary, pension and benefits
over the individual’s notice period in line with the individual leaving arrangements and contractual provisions.
6
Resigned from the Board at demerger on 1 August 2011.
7
Appointed as Chief Executive Officer on 6 September 2010 and resigned at demerger on 1 August 2011 when appointed Non-executive Director.
Appointed to Audit and Risk Committee and Nomination and Governance Committee on 1 August 2011. Cash amount of £69,200 paid equal to
2009/2010 annual bonus earned but withheld by his previous employer following resignation.
8
Appointed Chairman of the Nomination and Governance Committee on 25 January 2011 following Ian Wilson’s resignation.
9
Appointed to the Nomination and Governance Committee on 25 January 2011 following Ian Wilson’s resignation and was appointed
Senior Independent Non-executive Director on 1 August 2011 at demerger following Tony Rice leaving the Board.
10
Resigned and left the Board, the Audit and Risk Committee and Nomination and Governance Committee on 25 January 2011.
11
Appointed to the Audit and Risk Committee on 25 January 2011 following Ian Wilson’s resignation and stepped down from the Board and left the
Audit and Risk Committee and Nomination and Governance Committee at demerger on 1 August 2011.
12
Appointed to the Board 12 April 2011 and stepped down on 1 August 2011 at demerger.
Pension
During the period Roger Whiteside, Ian Dyson, Mike Tye and Phil Dutton received a Group contribution to their personal pension
arrangements representing between 16% and 25% of their pensionable salary.
2011
£000
2010
£000
2011
£000
2010
£000
2011
£000
Total
2010
£000
Financial statements Governance
Business review