Aegis chief picks up £600,000 cash bonus

Jerry Buhlmann, the chief executive of Aegis, took home a total package of £1.62m during 2011, including a £600,000 cash bonus for short-term performance.

Jerry Buhlmann: chief executive of Aegis
Jerry Buhlmann: chief executive of Aegis

Buhlmann's reward was a third higher than the £1.22m he received in 2010, when he netted a cash bonus of £369,000 on top of a base salary of £662,000.

His annual base salary of £750,000 has not risen since his promotion from Aegis Media chief executive to group chief executive in May 2010, according to an Aegis spokesperson.

Buhlmann was eligible for a maximum cash bonus of 100% of his salary this year.

His total package for 2011 was boosted by shares worth £217,770 (at a market price of roughly 128p), given out under the company’s long-term incentive plan to reward performance during the three years from 2008 to 2010.

He received only 169,537 shares out of a maximum potential award of 664,855 shares.

In 2010 he received shares worth £172,331 under the same long-term incentive scheme.

For its 2011 financial year Aegis reported a threefold surge in statutory pre-tax profits to £106.4m.

The company radically slimmed down and refocused in July last year with the £525m sale of its research division Synovate to Ipsos of France.

The disposal left the UK-based group with media agencies Carat, Vizeum and Posterscope and digital businesses Isobar and iProspect.

Stripping out Synovate’s contribution, Aegis last year recorded a 20.6% lift in annual revenues to £1.14bn and a 32.3% rise in underlying pre-tax profits to £161.8m.

Aegis had recorded £1.46bn revenues and £68m pre-tax profits, including Synovate, during 2010.

Follow Daniel Farey-Jones on Twitter @danfareyjones

Topics

Subscribe to Campaign from just £57 per quarter

Includes weekly and quarterly print issues, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

MOST READ

BBH deputy ECD Caroline Pay exits
Share

1 BBH deputy ECD Caroline Pay exits

Bartle Bogle Hegarty has parted company with its deputy executive creative director Caroline Pay and has promoted Ian Heartfield, creative managing partner, and Anthony Austin, chief executive of Black Sheep Studios, to take over as joint deputy ECDs.

Just published