Executive Remuneration: Notification of Transactions of Directors

[postareale]

Notification of Transactions of Directors/Persons Discharging Managerial Responsibility

Posted today by the London Stock Exchange:

https://www.londonstockexchange.com/exc ... 50435.html" onclick="window.open(this.href);return false;

Interesting, to note the base salaries from the RMG Annual Report:

The salaries for the Executive Directors for 2018-19 are:

• New Group CEO (Rico Back) £640,000*;
• CFO (Stuart Simpson) £450,000;
• CEO of Post and Parcels, Royal Mail UK (Sue Whalley) £450,000.

If you multiply the number of shares awarded under the "Long-Term Incentive Plan 2018 (LTIP 2018) Grant" times the current RMG share price approximately £4.57:

Rico Back: 140,052 x 4.57= £640,037.64 (Rounded £640,000)
Stewart Simpson: 98,474 x 4.57=£450,026.18 (Rounded £450,000)
Sue Whalley: 98,474 x 4.57=£450,026.18 (Rounded £450,000)

So essentially, it seems that the 2018 LTIP grant value equals the executive's base salary.

We can likely logically conclude then that the currently unpublished base salaries for some of the other PDMR executives listed are:

Shane O'Riordain, Director of Communications: 76,591 x 4.57= £350,020.87 (Rounded - £350,000)
Jon Millidge, Chief Risk and Governance Officer: 71,667 x 4.57= £327,518.19 (Rounded - £327,500)
Sally Ashford, Chief HR Officer: 65,649 x 4.57= £300,015.93 (Rounded - £300,000)

Is it just me, or does anyone else think that for a non-C-level, and a quite junior role like the Director of Communications, to be earning a £350,000 base salary is just a little bit bonkers?

[redneck]

Filthy money, no human being is worth more than 10 times that of another surely. Gross inequality again and again. Lets say the lowest rate for a full working week is £15000, you work it out.

[Celgar]

Considering how terribly run the HR department is in RM there is no way the chief of HR should be given 300K per annum. They drag their feet and take so long to sort out new applicants that the good ones can't wait and find other jobs. Government figures cannot be relied upon but there is somewhere between 1.4 and 2 million people unemployed in the UK and yet we struggle to get replacement staff.

[POSTMAN]

Sally Ashford, Chief HR Officer: 65,649 x 4.57= £300,015.93 (Rounded - £300,000)

https://www.businesscloud.co.uk/news/he ... royal-mail" onclick="window.open(this.href);return false;

Listed telecommunications tower infrastructure company Helios Towers has appointed Sally Ashford to its Board as a Non-Executive Director with immediate effect.

Ashford also joins the London-headquartered firm as the designated Non-Executive Director for workforce engagement.

The FTSE 250 firm operates an independent telecommunications infrastructure company in Africa, having established one of the continent's most extensive tower portfolios with close to 7,000 towers across five countries.

It builds, owns and operates telecom passive infrastructure, providing services to mobile network operators.

She is currently Chief HR Officer at Royal Mail Group, a role she has held since June 2018.


Ashford joined Royal Mail in June 2015 as the Group Reward Director and has also held the role of HR Director for the Parcels business.

Prior to Royal Mail, she spent 13 years at Telefónica, across a range of senior HR roles including Global Compensation Director, and HR Director of Telefónica Europe. She has also worked in a variety of senior HR related roles at O2, BT and Tesco.

She will remain a Member of the Supervisory Board and Chair of Remuneration Committee for Telefónica Deutschland, a position she has held since 2014.

Commenting on the appointment, Sir Sam Jonah, Chairman of Helios Towers said today: "We are delighted to welcome Sally to the Board. Her extensive HR and telecoms industry experience will make her a valued member of the team and we look forward to working with her."

[Janet Brum]

When she has the time for so many jobs?
No wonder RM`s HR is a joke.