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Business & Finance

Royal Mail boss’s pay package soars to £6.9m despite profits slide

The Guardian UK Tuesday 23 June 2026, 10:53 UTC By Mark Sweney 1 min read

Key Points

Martin Seidenberg, chief executive of parent company IDS, handed payouts after takeover of UK postal serviceBusiness live – latest updatesThe boss of the parent company of Royal Mail saw his pay and bonus package more than triple last year to almost £7m, despite group profits slumping by a fifth. Martin Seidenberg, the group chief executive of International Distribution Services (IDS), took home £6.9m in pay, bonus and long-term incentive scheme awards in the year to 31 March. This compares...

Martin Seidenberg, chief executive of parent company IDS, handed payouts after takeover of UK postal service

Business live – latest updates

The boss of the parent company of Royal Mail saw his pay and bonus package more than triple last year to almost £7m, despite group profits slumping by a fifth.

Martin Seidenberg, the group chief executive of International Distribution Services (IDS), took home £6.9m in pay, bonus and long-term incentive scheme awards in the year to 31 March. This compares with the £2.1m he took home the previous year.

Royal Mail (ORG) Martin Seidenberg (PERSON) IDS (ORG) UK (LOCATION) International Distribution Services (ORG)

Originally published by The Guardian UK Read original →

Royal Mail boss’s pay package soars to £6.9m despite profits slide

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