Adam Crozier took home £3.2m in 2012

Adam Crozier, the chief executive of ITV, took home a total of £3.15m in 2012, up 13% on 2011 and including more than 90% of his possible bonus, after the broadcaster's pre-tax profits increased by 6%.

Adam Crozier: chief executive of ITV
Adam Crozier: chief executive of ITV

According to ITV’s annual report published this week, Crozier's base salary was £818,000 last year, up 2.5% year on year, while £897,000 as part of short-term incentive schemes, was up 41.5% year on year.

Crozier also received £19,000 worth of benefits in kind, including private medical insurance and car-related benefits, and £74,000 of pension contributions.

As part of longer-term bonus schemes, Crozier was awarded £1.35m in 2012, 91.3% of the maximum available and up 6.1% year on year. Of the long-term bonus, £448,000 was deferred in shares and £897,000 was paid in cash.

Crozier's total pay of £3.15m represented a 12.9% increase from a total of £2.79m in 2011.

Ian Griffiths, the finance director of ITV, earned a total of £1.67m; including £449,000 in base salary, £456,000 in short-term cash incentives, and £683,000 as part of a long-term bonus scheme.

Archie Norman, the chairman of ITV, received £300,000 in 2012, the same as he earned in 2011.

ITV reported profit before tax of £348m in 2012, up 6% year on year and led by double-digit growth in the broadcaster's production and digital revenues, while spot-ad revenues remained flat.

Topics

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, 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
The top 10 brands favoured by Remainers and Brexiters
Shares0
Share

1 The top 10 brands favoured by Remainers and Brexiters

Marketers can learn about our divided nation by examining the brands that appeal across the voting referendum voting split, says Emily James, chief strategy officer at Rainey Kelly Campbell Roalfe/Y&R.

Just published