Royal Mail has awarded its chief executive Moya Greene an annual pay package of £1.5m, similar to last year, and made some changes to its pay policy for the coming years to satisfy major shareholders.
The company, privatised in two share offerings in 2013 and 2015, has came under fire in recent years for the pay packages handed to Greene, including a 13% rise in total remuneration last year. Its latest annual report (pdf) shows that Greene is being paid £1.529m this year, compared with £1.522m in 2015.
The 500-year-old postal delivery company stressed that last year was the only time Greene’s pay had been increased since she joined in July 2010. In that period, the pay of postmen and women had gone up by 11%.