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%.
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.Follow @MaisieMcCabe
This article was first published on mediaweek.co.uk
- Agency Account Executive - truly exciting multi-solution sell Ultimate Asset £35000 - £40000 per annum + Bonus + great benefits, West End
- Agency Group Head - exciting real-time social platform! Ultimate Asset £60000 - £70000 per annum + bonus, West End
- HEAD OF PROJECTS - DIGITAL AGENCY Live Recruitment Negotiable, City of London
- Ecommerce Content Manager - Travel brand - £40K + bonus Salt £38000 - £42000 per annum, London
- SEO/Social Media Executive Blue Skies Marketing Recruitment £23-28k + Benefits, Manchester
- Will.i.am clashes with Martin Sorrell over online ads in Cannes
- Twitter to embrace power of TV in UK ad campaign
- Martin Sorrell on the mega-media reviews: 'We can't remember anything like this'
- Black horse returns in new Lloyds Bank campaign
- Aston Martin appoints WPP to global marketing account
- Geometry Dubai hands over Cannes Grand Prix amid controversy