Louise Beardmore, the chief executive of United Utilities, is set to receive a £435,000 “allowance” in shares under the company’s remuneration plans, according to reports. The payments are described as being made regardless of United Utilities’ performance. This comes after Beardmore was previously denied a £417,000 bonus that had been linked to company results, with the decision tied to criticism and concerns around sewage spills. The reports indicate that while the bonus was not awarded, Beardmore’s alternative share-based payment still proceeds on an annual basis. The “allowance” is framed as a separate component of compensation rather than a performance-related element. The disclosure highlights an ongoing debate about executive pay in the water sector and how remuneration arrangements are structured when companies face environmental and operational scrutiny. The details reported focus on the amounts involved, the basis on which the shares are paid, and the contrast with the earlier denied bonus.
United Utilities CEO Louise Beardmore gets £435,000 share allowance despite sewage-spill bonus dispute
Louise Beardmore, the chief executive of United Utilities, is set to receive a £435,000 “allowance” in shares under the company’s remuneration plans, according to reports. The payments are described a...
- United Utilities CEO Louise Beardmore is reported to receive a £435,000 share-based “allowance.”
- The £435,000 allowance is described as being paid regardless of company performance.
- Beardmore was previously denied a £417,000 bonus that had been linked to performance.
- The bonus denial is reported to be connected to sewage spill concerns.
- The reports focus on the difference between a denied performance bonus and a separate, guaranteed share payment.
United Utilities chief executive Louise Beardmore is in line to pocket £435,000 in shares a year, which will be paid out regardless of the company's performance.
2 months agoUnited Utilities chief executive Louise Beardmore is in line to pocket £435,000 in shares a year, which will be paid out regardless of the company's performance.
2 months ago
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