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Business & Finance

Severn Trent doubles CEO reward plan to £3.1m despite anger over water pay

The Guardian UK Saturday 04 July 2026, 06:00 UTC By Jasper Jolly 1 min read
Key Points

Increase to long-term incentive plan means James Jesic could significantly outearn predecessor Liv GarfieldSevern Trent has doubled the size of a long-term reward scheme for its new chief executive to as much as £3.1m and he could receive significantly more than his predecessor, despite anger over water bosses’ pay. The FTSE 100 water company said its long-term incentive plan (LTIP) would increase from 200% of new chief executive James Jesic’s base salary to 400%, according to changes...

Increase to long-term incentive plan means James Jesic could significantly outearn predecessor Liv Garfield

Severn Trent has doubled the size of a long-term reward scheme for its new chief executive to as much as £3.1m and he could receive significantly more than his predecessor, despite anger over water bosses’ pay.

The FTSE 100 water company said its long-term incentive plan (LTIP) would increase from 200% of new chief executive James Jesic’s base salary to 400%, according to changes revealed in the company’s most recent annual report. Jesic could receive as much as £4.8m in a single year after salary, annual bonus, LTIP and benefits are counted.

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Severn Trent (PERSON) James Jesic (PERSON) Liv GarfieldSevern Trent (PERSON) FTSE (ORG) LTIP (ORG) Jesic (PERSON)
Originally published by The Guardian UK Read original →

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