The new chief executive of BT has been offered an incentive scheme.
Recently appointed Ian Livingston has been supposedly offered almost £7 million if all targets are met in new guidelines put forward, reports Accountancy Magazine.
Mr Livingston previously held the position of
financial director and will take over from current chief executive Ben Verwaayen on June 1st.
He has held posts at the Bank of America and 3i, the venture capitalist firm, together with three years as chief executive of BT Retail.
The reported incentives include £1.7 million in annual bonuses, £1.7 million in shares and an extra enticement of £2.55 million of shares if the top performance targets are hit. This is in addition to his basic salary of £850,000.
BT Germany recently announced the appointment of Martin Glock as its director for legal affairs. He was previously head of the legal division at German telecommunications company Arcor.
Show me Finance Director jobs
© Adfero Ltd