Acolyte Presents CEO REWARD & REMUNERATION IN THE CONSTRUCTION SECTOR
Talent Insight Hub – Salary Benchmarking 2020
1.0 The IMS Talent Challenge CEO Reward Analysis Contents
1.0 PROJECT BACKGROUND 3
2.0 EXECUTIVE SUMMARY 5
3.0 APPROACH 8
4.0 CEO REWARDS IN THE UK CONSTRUCTION MARKET 10
5.0 CEO REWARDS IN THE GLOBAL CONSTRUCTION MARKET 15
6.0 CEO REWARDS IN SIMILAR SIZED COMPANIES 20
7.0 APPENDICES 25 6.1 Remuneration Data 26 6.2 UK Company Profiles 30 6.3 Global Company Profiles 41 6.4 Similar Sized Company Profiles 52
8.0 ABOUT ACOLYTE 63 1.0 Project Background CEO Reward Analysis Project Background
PROJECT BACKGROUND
With CEOs of the ten largest construction companies in the UK taking home circa £25m between them last year, how does their compensation compare to CEOs of globally leading construction companies and CEOs of similar sized firms in other sectors?
The competitive nature of operating in the construction market can create an inflationary pressure on rewards paid to executives. There is a balancing act between aligning a company's success with their CEO’s remuneration (i.e. bonus, stock options etc.) and ensuring that the base salary is competitive enough to attract strong leadership talent.
To address this challenge, this whitepaper examines the rewards paid to the CEOs of top ten UK construction companies in the context of both CEO rewards in the the top ten global construction firms and the remuneration earned by CEOs in ten companies of a similar scale across different sectors in the UK. 2.0 Executive Summary CEO Reward Analysis Executive Summary
HIGHLIGHTS: EXECUTIVE SUMMARY UK construction CEO average base salary: £0.62m UK construction CEO average package value: £2.50m CEO reward & remuneration in the UK construction sector UK construction CEO avg. reward as a % of revenue: 0.073% The remuneration of CEOs in the top ten construction companies in the UK shows an average basic salary of £0.62m Global construction CEO average base salary: £0.68m with an average total remuneration of £2.50m. While the range of salaries is relatively narrow between (min: £0.51m. Global construction CEO average package value: £4.18m max £0.87m), there is a larger disparity amongst total remuneration packages (min: £0.64m. max: £7.81m). Global construction CEO avg. reward as a % of revenue*: 0.032% Benchmarked against CEOs of global construction companies UK CEO average base salary (similar sized companies): £0.81m With an average base salary of £0.68m and total remuneration is £4.18m, Global CEOs in construction in most regions UK CEO average package (similar sized companies): £3.11m are compensated better than their UK equivalents. The notable exception is China where average total remuneration is UK CEO reward as a % of revenue (similar sized companies): 0.083% not comparable with their equivalents in western economies. The three Chinese construction companies captured in the sample are 2-3 times the size of those in the US, UK and Europe by revenue while their CEOs (from available information) earn an average remuneration of just £160k.
An analysis of the remuneration to revenue metric (excluding the Chinese firms) shows the average of the UK based construction firms (0.073%) is higher than that of the global construction firms (0.032%).
Benchmarked against CEOs of similar sized companies in the UK
The remuneration paid to the CEOs of UK construction companies was lower when compared against a sample of CEOs from similar sized firms across different sectors in the UK. The average basic salary of this sample was 0.81m compared to £0.62m for UK CEOs. The average total remuneration in this sample was £3.11m, compared to £2.50m for UK CEOs. While there is still some disparity amongst total packages in this sample, it is narrower than compared to UK and global construction CEOs, with packages ranging from £1.27m to £6.08m.
When the scale of operations is taken into account, the average remuneration to revenue ratio for a UK CEO (0.073%) is marginally lower than the similar-sized firms (0.083%). This indicates that, relative to size of company by revenue, CEOs in the UK construction sector are only marginally less well rewarded than their peers in other sectors.
* Excluding China CEO Reward Analysis Executive Summary (Cont.)
CEO REWARDS IN THE GLOBAL REWARDS IN FIRMS WITH COMPARABLE CEO REWARDS IN THE UK CONSTRUCTION SECTOR SALES
The average basic salary in the top ten construction The average basic salary in the top ten global construction The average basic salary in the similar sized firms in the UK companies in the UK was c. £0.62m and the average total companies was c. £0.68m and the average of total was c. £0.81m and the average of total remuneration was remuneration was c. £2.50m. remuneration was c. £4.18m. c. £3.11m.
The highest basic salary was earned by Pete Redfern of The highest basic salary was earned by Marcelino The highest basic salary was earned by Namal Nawana of Taylor Wimpey (£1.03m) and the lowest basic salary was Fernández Verdes of ACS (£1.94m) and the lowest basic Smith & Nephew (£1.6m) and the lowest basic salary was earned by David Jenkinson of Persimmon (£0.51m). salary was earned by LIU Qitao of China Communications earned by David Brown of Go-Ahead Group (£0.57m). Construction Group Ltd. (£0.03m). The highest total remuneration was earned by Robert The highest total remuneration was earned by Geoff Drabble Perrins of Berkeley Group (£7.80m) and the lowest total The highest total remuneration was earned by Richard of Ashtead Group (£6.08m) and the lowest total remuneration was earned by Alain Michaelis of Keller Beckwitt of Lennar Corp. (£14.33m) and the lowest total remuneration was earned by David Brown of Go-Ahead (£0.64m). remuneration was earned ZHANG Zongyan of China Railway Group (£1.27m). Group Ltd. (£0.13m). With respect to the company’s global revenue to rewards With respect to the company’s global revenue to rewards ratio, the % of total remuneration is highest at Berkeley With respect to the company’s global revenue to rewards ration, the % of total remuneration is highest in Serco Groups (0.26%) and lowest at Persimmon (0.02%). ratio, the % of total remuneration is highest in Lennar Corp. (0.18%) and lowest in Babcock International (0.03%). (0.0821%) and lowest at China Railway Group Ltd. (0.0002%). 3.0 Approach CEO Reward Analysis Approach
Geography APPROACH The compensation of CEOs among the top UK construction companies was examined to understand the salary benchmark of the CEOs in the UK. In order to be objectively assessed, the remuneration of the CEOs were examined and based on three areas: Sector • Basic salary The compensation of CEOs among the top global construction companies • Total compensation package was examined to understand the salary benchmark of the CEOs globally • Package as a % of their company’s and thereby recognize the difference in salaries in the UK and the global market. revenue
The test was conducted among: • CEOs in the UK construction sector Scale of Organisation • CEOs in the global construction The compensation of CEOs in UK is compared to that of CEOs of similar sector sized companies with similar revenues irrespective of the industry. • CEOs in firms of a similar size 4.0 CEO Rewards in the UK Construction Market CEO Reward Analysis CEO Rewards in the UK
BENCHMARKING CEO REWARDS IN THE UK CONSTRUCTION COMPANIES
The compensation packages for CEOs of the top ten construction companies in the UK have been examined. The average basic salary is £0.62m with total rewards averaging £2.5m.
The basic salaries vary between £0.51m and £0.87m. However, total remuneration varies significantly with the lowest in the sample being £0.64m (Alain Michaelis of Keller) and highest being £7.8m (Robert Perrins of Berkeley Groups).
CEOs’ salary as a percentage of company’s revenue helps in understanding the reward in the context of organisational scale. On average, a CEO in a UK based construction company earns 0.073% of its company’s revenue. Robert Perrins’s (Berkeley Group) remuneration ratio comes out on top at 0.264%, whereas Persimmon’s David Jenkinson’s ratio is the lowest at 0.018%. The reason for the low ratio for David Jenkinson is because he joined on 1st January 2019 and was not eligible for a bonus that year. CEO Reward Analysis CEO Basic Salaries in the UK
A comparison of the basic salaries among the CEOs of UK based construction companies
BASIC SALARY CEO & ORGANISATION (£M) 9. 00
Pete Redfern (Taylor Wimpey) 0.87 8. 00
Leo Quinn (Balfour Beatty) 0.80 7. 00
David Thomas (Barratt Developments) 0.74 6. 00
5. 00 Haydn Mursell (Kier Group) 0.62
4. 00 Robert Charles Grenville Perrins (Berkeley Group) 0.55 BASIC SALARY (£M) SALARY BASIC 3. 00 Jason Honeyman (Bellway) 0.53 2. 00 Peter Truscott (Galliford Try) 0.53 1. 00 Average Basic Salary = £0.62m Alain Michaelis (Keller) 0.53 0. 00 Pete Redfer n Leo Quinn David Thomas Haydn Mursell Robert Charles Jason Peter Truscott Al ai n Michaeli s John Morgan David (Taylor Wimpey) (Balfour Beatty) (Barratt (Kier Group) Grenville Honeyman (Galliford Try) (Keller) (Morgan Sindall) Jenkinson John Morgan (Morgan Sindall) 0.52 Developments) Perri ns (Bellway) (Persimmon) (Berkeley Groups) David Jenkinson (Persimmon) 0.51
AVERAGE 0.62 SEE APPENDIX 1 CEO Reward Analysis Value of CEO Packages in the UK
A comparison of the remuneration packages among the CEOs of UK based construction companies
CEO & ORGANISATION PACKAGE VALUE (£M) 9. 00
Robert Charles Grenville Perrins (Berkeley Group) 7.81 8. 00
David Thomas (Barratt Developments) 3.61 7. 00
Pete Redfern (Taylor Wimpey) 3.02 6. 00
5. 00 Leo Quinn (Balfour Beatty) 2.95
4. 00 John Morgan (Morgan Sindall) 2.19
TOTAL PACKAGE VALUE (£) VALUE PACKAGE TOTAL 3. 00 Average Total Package Peter Truscott (Galliford Try) 1.46 = 2.50 m 2. 00 Haydn Mursell (Kier Group) 1.46 1. 00
Jason Honeyman (Bellway) 1.21 0. 00 Robert Charles David Thomas Pete Redfer n Leo Quinn John Morgan Peter Truscott Haydn Mursell Jason David Al ai n Michaeli s Grenville (Barratt (Taylor Wimpey) (Balfour Beatty) (Morgan Sindall) (Galliford Try) (Kier Group) Honeyman Jenkinson (Keller) David Jenkinson (Persimmon) 0.67 Perri ns Developments) (Bellway) (Persimmon) (Berkeley Groups) Alain Michaelis (Keller) 0.64
SEE APPENDIX 1 AVERAGE 2.50 CEO Reward Analysis Proportional Value of CEO Packages in the UK
CEO remuneration packages as a % of turnover in the UK construction market
REVENUE PACKAGE CEO & ORGANISATION % (£M) VALUE (£M) 0. 300% Robert Charles Grenville Perrins 0.264% 2,957.4 7.81 (Berkeley Group) 0. 250% David Thomas (Barratt Developments) 0.076% 4,763.1 3.61
John Morgan (Morgan Sindall) 0.071% 3,071 2.19 0. 200%
Pete Redfern (Taylor Wimpey) 0.070% 4,341.3 3.02 0. 150% Peter Truscott (Galliford Try) 0.047% 3,132 1.46
PACKAGE AS % OF TURNOVER OF % AS PACKAGE 0. 100% Jason Honeyman (Bellway) 0.038% 3,213.2 1.21 UK Average Rewards:Revenue = 0.073% Leo Quinn (Balfour Beatty) 0.035% 8,405 2.95 0. 050%
Haydn Mursell (Kier Group) 0.032% 4,512 1.46 0. 000% Robert Ch arles David Thomas John Morgan Pete Redfern Peter Truscott Jason Honeyman Leo Quinn Hayd n Mu rsel l Alain Michaelis David Jenkinson Alain Michaelis (Keller) 0.029% 2,224.5 0.64 Gren vi lle Perrin s (Ba rratt (Mo rgan Sinda ll) (T aylor Wimp ey) (G allif ord T ry) (Be llway) (Ba lfo ur Bea tty) (Kie r G ro up) (Kel ler) (Persimmo n) (Be rkeley Groups) Developments)
David Jenkinson (Persimmon) 0.018% 2,649.4 0.67
SEE APPENDIX 1 AVERAGE 0.073% 3,926.97 2.50 5.0 CEO Rewards in the Global Construction Market CEO Reward Analysis CEO Rewards in the Global Market
BENCHMARKNG CEO REWARDS AGAINST GLOBAL CONSTRUCTION FIRMS
Analysing the remuneration of CEOs at international construction firms, it can be observed that the global CEOs earn more than their UK counterparts.
The average basic salary for CEOs in this sample is £0.68m which is marginally more than UK based construction firms (£0.62m). The industry average for total reward package in the global construction sector is £4.18m which is significantly higher than UK based construction (£2.50m).
The notable exception is China where average total remuneration is not comparable with their equivalents in western economies. The three Chinese construction companies captured in the sample are 2-3 times the size of those in the US, UK and Europe by revenue while their CEOs (from available information) earn an average remuneration of just £160k.
Analysing the remuneration to revenue metric (excluding the Chinese construction companies), the average of the UK based construction firms (0.073%) is much higher than that of the global construction firms (0.032%). This indicates that UK CEOs are remunerated well relative to the scale of operations compared to their global peers.
NOTE: China State Construction Engineering, Metallurgical Corporation of China, Daiwa House Industry, Shanghai Construction Group, and Samsung C&T Corp. are among the top construction companies in the global market. However, due to lack of information on their CEO’s remuneration, we have considered the next largest companies CEO Reward Analysis CEO Basic Salaries in Global construction
A comparison of the basic salaries of CEOs in the top global construction companies
BASIC SALARY CEO & ORGANISATION (£M) 16.00
Marcelino Fernández Verdes (ACS) 1.94 14.00
Michael S. Burke (AECOM) 1.18 12.00
Xavier Huillard (Vinci) 1.05 10.00
Martin Bouygues (Bouygues) 0.81 8. 00 BASIC SALARY (£M) SALARY BASIC Benoit de Ruffray (Eiffage ) 0.79 6. 00
Richard Beckwitt (Lennar Corp.) 0.63 4. 00 Average Basic Salary 0.68 million Sekharipuram Narayan Subrahmanyan (L&T) 0.29 2. 00 UK Average 0.62 million ZHANG Zongyan (China Railway Group Ltd.) 0.04 0. 00 Marcelino Michae l S. Burke Xa vie r Hu illard Martin Bouygues Benoit de Ruffray Richa rd Beckwitt Sekharipuram ZH AN G Zo ngyan ZH UANG LI U Qitao (Ch ina ZHUANG Shangbiao (China Railway Construction Ferná ndez Verd es (Aeco m) (V inci ) (Bo uygues) (E if fag e ) (L ennar Corp .) Narayan (C hina Railw ay Shangbiao (China Co mmunicatio ns 0.03 (ACS) Subrahmanyan Gro up Ltd. ) Railway Co nstru cti on Corp Ltd.) (L &T ) Co nstru cti on Corp Gro up Ltd. ) Ltd.) LIU Qitao (China Communications Construction 0.03 Group Ltd. )
AVERAGE 0.68 SEE APPENDIX 2 CEO Reward Analysis Value of CEO Packages in Global construction
A comparison of the remuneration packages of CEOs in global construction companies
CEO & ORGANISATION PACKAGE VALUE (£M) 16.00
Richard Beckwitt (Lennar Corp.) 14.34 14.00 Michael S. Burke (AECOM) 12.48 12.00 Marcelino Fernández Verdes (ACS) 3.93 10.00 Sekharipuram Narayan Subrahmanyan (L&T) 3.03 8. 00 Benoit de Ruffray (Eiffage ) 3.01 6. 00 TOTAL PACKAGE VALUE (£M) VALUE PACKAGE TOTAL Xavier Huillard (Vinci) 2.28 Average Total Package 4. 00 4.18 million
Martin Bouygues (Bouygues) 2.21 UK Average 2. 00 2.50 million LIU Qitao (China Communications Construction 0.19 Group Ltd. ) 0. 00 ZHUANG Shangbiao (China Railway Construction Richa rd Beckwitt Michae l S. Burke Marcelino Sekharipuram Benoit de Ruffray Xa vie r Hu illard Martin Bouygues LI U Qitao (Ch ina ZH UANG ZH AN G Zo ngyan 0.19 (L ennar Corp .) (Aeco m) Ferná ndez Verd es Narayan (E if fag e ) (V inci ) (Bo uygues) Co mmunicatio ns Shangbiao (China (C hina Railw ay Corp Ltd.) (ACS) Subrahmanyan Co nstru cti on Railway Gro up Ltd. ) (L &T ) Gro up Ltd. ) Co nstru cti on Corp Ltd.) ZHANG Zongyan (China Railway Group Ltd.) 0.13
AVERAGE 4.18 SEE APPENDIX 2 CEO Reward Analysis Proportional Value of CEO Packages in Global construction
CEO remuneration packages as a % of turnover at global construction companies
REVENUE PACKAGE CEO & ORGANISATION % (£M) VALUE (£M) 0. 0900% Richard Beckwitt (Lennar Corp.) 0.0821% 17,460 14.34 0. 0800% Michael S. Burke (AECOM) 0.0789% 15,820 12.48 UK Average Rewards:Revenue 0. 0700% Sekharipuram Narayan Subrahmanyan = 0.073% 0.0191% 15,830 3.03 (L&T) 0. 0600% Benoit de Ruffray (Eiffage ) 0.0183% 16,410 3.01 0. 0500% Marcelino Fernández Verdes (ACS) 0.0114% 34,280 3.93 0. 0400% Rewards:Revenue Martin Bouygues (Bouygues) 0.0066% 33,300 2.21 Global (Excl. China) PACKAGE AS % OF TURNOVER OF % AS PACKAGE 0. 0300% = 0.032% Xavier Huillard (Vinci) 0.0054% 42,180 2.28 0. 0200% LIU Qitao (China Communications 0.0003% 62,720 0.19 Global Average Construction Group Ltd. ) 0. 0100% Rewards:Revenue ZHUANG Shangbiao (China Railway = 0.012% 0.0002% 94,270 0.19 Construction Corp Ltd.) 0. 0000% ZHANG Zongyan (China Railway Richa rd Beckwitt Michae l S. Burke Sekharipuram Benoit de Ruffray Marcelino Martin Bouygues Xa vie r Hu illard LI U Qitao (Ch ina ZH UANG ZH AN G Zo ngyan 0.0002% 83,910 0.13 (L ennar Corp .) (Aeco m) Narayan (E if fag e ) Ferná ndez (Bo uygues) (V inci ) Co mmunicatio ns Shangbiao (China (C hina Railw ay Group Ltd.) Subrahmanyan Verdes (ACS) Co nstru cti on Railway Gro up Ltd. ) (L &T ) Gro up Ltd. ) Co nstru cti on Co rp Ltd.) AVERAGE 0.012% 41,618 4.18
AVERAGE (EXCLUDING CHINA) 0.032% SEE APPENDIX 2 6.0 CEO Rewards in Similar Sized Companies CEO Reward Analysis CEO Rewards in Similar Sized Companies
BENCHMARKNG CEO REWARDS AGAINST SIMILAR SIZE FIRMS
The average revenue of the top ten UK-based construction companies is £3.93b. A sample of UK businesses with revenue between £3b and £5b has been considered for comparison purposes, across different sectors to provide breadth to the benchmarking exercise.
The average basic salary of CEOs in this sample is £0.81m, which is higher than UK based construction firms (£0.62m). The range of basic salary of the CEOs of the selected companies is between £0.57m and £1.6m which is higher than the salary range of UK CEOs (£0.51m and £0.87m).
The average total remuneration of CEOs of similar sized firms is £3.11m which is again higher than UK based construction companies (£2.5m). Total remuneration varies significantly between the lowest package (£1.3m) and the highest package (£6.1m).
The average total remuneration to revenue ratio for CEOs of UK based construction firms is 0.073% whereas the average for similar sized firms is marginally higher at 0.083%. This indicates that the construction sector is comparatively less well paying than the other sectors in this sample with respect to CEO remuneration. CEO Reward Analysis CEO Basic Salaries in Companies with Similar Revenues
A comparison of the basic salaries of CEOs in companies with similar size to an average construction company
BASIC SALARY CEO & ORGANISATION (£M) 7. 00
Namal Nawana (Smith & Nephew) 1.60 6. 00
Rupert Soames (Serco) 0.85 5. 00 Geoff Drabble (Ashtead Group) 0.81 4. 00 Lord Simon Wolfson of AspleyGuise (Next plc) 0.81 3. 00 Archibald Anderson Bethel, CBE (Babcock (£) SALARY BASIC 0.80 International) 2. 00 Average Basic Salary John Holland-Kaye (Heathrow) 0.75 = 0.81 million UK Average Salary 1. 00 = 0.62 million Clive Bannister (Phoenix Group Holdings) 0.70
0. 00 Moshe Greidinger (Cineworld Group plc) 0.64 Namal Nawana Rupert Soames Geoff Drabble Lord Simon Ar chibald John Holland- Clive Bannister Moshe Fani Titi David Brown (Smith & (Serco) (Ashtead Wol fs on of Anderson Kaye (Phoenix Group Greidinger (Investec) (Go-Ahead Nephew) Group) As pleyGuis e Bethel, CBE (Heathrow) Holdings) (Cineworld Group plc) (Next plc) (Babcock Group plc) Fani Titi (Investec) 0.61 International)
David Brown (Go-Ahead Group plc) 0.57
AVERAGE 0.81 SEE APPENDIX 3 CEO Reward Analysis Value of CEO Packages in Companies with Similar Revenues
A comparison of the remuneration packages of CEOs in companies with similar size to an average construction company
CEO & ORGANISATION PACKAGE VALUE (£M) 7. 00
Geoff Drabble (Ashtead Group) 6.08 6. 00 Rupert Soames (Serco) 5.70 5. 00 Namal Nawana (Smith & Nephew) 4.49
4. 00 Lord Simon Wolfson of AspleyGuise (Next plc) 3.19 Other Sector CEO Average Total rewards = £3.11 m 3. 00 Clive Bannister (Phoenix Group Holdings) 2.98
TOTAL PACKAGE VALUE (£) VALUE PACKAGE TOTAL UK Average Total rewards = £2.5m John Holland-Kaye (Heathrow) 2.60 2. 00
Moshe Greidinger (Cineworld Group plc) 2.11 1. 00
Archibald Anderson Bethel, CBE (Babcock 1.39 International) 0. 00 Geoff Drabble Ru pert Namal Lord Simon Clive John Moshe Archibald Fani Titi Da vid Brown (Ashtead Soames Nawana Wolfson of Ban nister Holland-Kaye Greidinger Anderson (Investec) (Go-Ahead Fani Titi (Investec) 1.33 Group) (Serco) (Smith & AspleyGuise (Phoenix (Heathrow) (Cineworld Bethel, CBE Group plc) Nephew) (Next plc) Group Group plc) (Babcock Holdings) International) David Brown (Go-Ahead Group plc) 1.27
AVERAGE 3.11 SEE APPENDIX 3 CEO Reward Analysis Proportional Value of CEO Packages in in Similar Sized Companies
CEO remuneration packages as a % of turnover at companies with similar size to an average construction company
REVENUE PACKAGE VALUE CEO & ORGANISATION % (£M) (£M) 0. 200%
Rupert Soames (Serco) 0.178% 3,210 5.70 0. 180%
Geoff Drabble (Ashtead Group) 0.135% 4,500 6.08 0. 160%
0. 140% Namal Nawana (Smith & Nephew) 0.111% 4,029 4.49 0. 120% John Holland-Kaye (Heathrow) 0.088% 2,976 2.61 Other Sector CEO 0. 100% Average Rewards:Revenue Lord Simon Wolfson of AspleyGuise 0.073% 4,362 3.19 = 0.083% (Next plc) 0. 080% PACKAGE AS % OF TURNOVER OF % AS PACKAGE Clive Bannister (Phoenix Group 0. 060% 0.071% 4,182 2.98 UK Average Holdings) Rewards:Revenue 0. 040% = 0.073% Moshe Greidinger (Cineworld Group 0.062% 3,426 2.11 plc) 0. 020% Fani Titi (Investec) 0.054% 2,486 1.33 0. 000% Rupert Geoff Drabble Namal Nawana John Holland- Lord Simon Clive Bannister Moshe Fani Titi David Brown Ar chibald Soames (Ashtead (Smith & Kaye Wol fs on of (Phoenix Group Greidinger (Investec) (Go-Ahead Anderson David Brown (Go-Ahead Group plc) 0.033% 3,807 1.27 (Serco) Group) Nephew) (Heathrow) As pleyGuis e Holdings) (Cineworld Group plc) Bethel, CBE (Next plc) Group plc) (Babcock International) Archibald Anderson Bethel, CBE 0.031% 4,450 1.39 (Babcock International)
AVERAGE 0.083% 3,743 3.11 SEE APPENDIX 3 7.0 Appendices 7.1 Remuneration Data CEO Reward Analysis Appendix 1 – UK construction Market Competitors
Perform Deferred Package a Year Revenue Basic Benefits Pension Long term Company Notes CEO Bonus (£) Share Plan share Other (£) TOTAL (£) s % of T'o Source ended (£M) Salary (£) (£) (£) incentive (£) (£) awards (£) ver (£)
Balfour Beatty 2019 8,405.0 Leo Quinn 800,000 21,004 0.035% 577,500 577,500 160,000 817,274 2,953,278 Annual Report 2019 https://www.barrattdevelopments.co.uk/~/media/Files/B/Bar Barratt (2) 2019 4,763.1 David Thomas 739,000 25,000 0.076% ratt-Developments/reports-presentation/2019/barratt- Developments 1,066,000 185,000 1,598,000 3,613,000 ar19.pdf https://www.kier.co.uk/media/4885/kier-group-annual- Kier Group (1) (3) 2018 4,512.8 Haydn Mursell 620,000 13,000 1,000 0.032% 580,000 124,000 121,000 1,459,000 report-2019.pdf https://www.taylorwimpey.co.uk/corporate/investors/2019- Taylor Wimpey 2019 4,341.3 Pete Redfern 870,000 54,000 665,000 0.070% 1,225,000 209,000 3,023,000 annual-report David https://www.persimmonhomes.com/corporate/media/40178 Persimmon (4) 2019 3,649.4 511,625 34,106 0.018% Jenkinson 127,267 672,998 6/persimmon_ar19-final.pdf Jason https://www.bellwayplc.co.uk/media/1632/bellway- Bellway 2019 3,213.2 530,000 32,424 0.038% Honeyman 406,351 106,000 131,203 1,205,978 ar19_web-bookmarked.pdf https://www.morgansindall.com/assets/Uploads/Downloads Morgan Sindall 2019 3,071.0 John Morgan 520,000 24,000 0.071% /2019/93d5577eec/2019-MSG-Annual-Report-Final-for- 604,000 52,000 985,000 2,185,000 website.pdf Robert Charles Berkeley 2019 2,957.4 Grenville 545,000 37,000 0.264% https://www.berkeleygroup.co.uk/media/pdf/t/l/Berkeley_Gr Groups 1,635,000 92,000 5,500,000 7,809,000 Perrins oup_-_Annual_Report_2019_09082019.pdf https://www.gallifordtry.co.uk/media/1153/annual-report- Galliford Try (1) 2018 3,132.0 Peter Truscott 530,000 23,000 0.047% 689,000 106,000 112,000 1,460,000 2019.pdf http://staticcontents.investis.com/media/k/keller/2019- Keller (1) 2018 2,224.5 Alain Michaelis 528,000 16,000 0.029% 95,000 639,000 annual-report-final.pdf
(1) Since the new CEO was appointed in 2019, the remuneration considered is of the individual who was the CEO in 2018 (2) Others include share schemes (3) Others include EIS and other employment schemes (4) CEO joined on 1st January 2019 and thus the remuneration has been considered for the year 2019 CEO Reward Analysis Appendix 2 – Global construction Market Competitors
Package a Year Revenue Basic Salary Benefits Pension Short term Long term Company Notes CEO Bonus (£) Other (£) TOTAL (£) s % of T'ov Source ended (£M) (£) (£) (£) incentive (£) incentive (£) er (£) China Railway ZHANG http://www.crecg.com/english/resource/cms/article/2812/10070569 (1) (2) 2018 83,910 38,421 85,682 6,233 130,336 0.0002% Group Ltd. Zongyan /2019052008474847893.pdf China Railway ZHUANG Construction Corp (3) 2019 94,270 29,504 13,504 142,642 185,616 0.0002% http://english.crcc.cn/module/download/downfile.jsp?classid=0&filen Shangbiao Ltd ame=9dbf24f30d2840fdaa930c5e1af249f4.pdf China Communications 2019 62,720 LIU Qitao 29,391 157,734 5,674 192,799 0.0003% Construction http://chinaeast.cdn.euroland.com/arinhtml/CN- Group Ltd. CYY/2019/AR_ENG_2019/index.htm 2019 42,180 Xavier Huillard 1,053,325 3,567 1,484,646 2,278,207 0.0054% Vinci https://www.vinci.com/publi/vinci/2019-vinci-annual-report.pdf Marcelino https://www.grupoacs.com/ficheros_editor/File/03_accionistas_inver 2019 34,280 Fernández 1,935,485 1,988,151 878 3,924,514 0.0114% sores/06_junta_general_accionistas/2020/7%20Informe%20Remune ACS Verdes raciones%202019_ENG.pdf Martin https://www.bouygues.com/wp- (4) 2019 33,300 807,549 27,369 1,292,079 2,209,420 0.0066% Bouygues Bouygues content/uploads/2020/03/remuneration-of-executive-officers.pdf Richard https://investors.lennar.com/~/media/Files/L/Lennar-ir- 2019 17,460 627,365 8,448,194 5,236,459 22,940 14,334,957 0.0821% Lennar Corp Beckwitt V2/documents/proxy-statements/2019-proxy-statement.pdf https://www.eiffage.com/files/live/sites/eiffage- Benoit de 2019 16,410 789,994 2,232 883,213 1,332,794 3,008,234 0.0183% v2/files/Finance/Rapport%20annuel/2019/Eiffage_DDR19_AN_BD_P Ruffray Eiffage SA ages.pdf Sekharipuram 2019 15,830 Narayan 288,671 1,003,221 1,386,222 348,811 3,026,925 0.0191% http://investors.larsentoubro.com/upload/AnnualRep/FY2020Annual L&T Subrahmanyan RepL&T%20Annual%20Report%202019-20.pdf Michael S. https://investors.AECOM.com/static-files/e96986a1-db64-41e6- 2019 15,820 1,176,319 1,940,910 8,626,266 733,411 12,476,906 0.0789% AECOM Burke 8dab-06fb2ed7544c
(1) Since the new CEO was appointed in 2019, the remuneration considered is of the individual who was the CEO in 2018 (2) Basic Salary includes Basis salaries, housing allowances and other allowances (3) Basic Salary includes salaries, housing welfare and other allowances and physical benefits (4) Other include the annual variable paid to the CEO CEO Reward Analysis Appendix 3 – Revenue Comparators
Perform Deferred Package as Year Revenue Basic Salary Benefits Pension Long term Company Notes CEO Bonus (£) Share Plan Shared Other (£) TOTAL (£) % of T'over Source ended (£M) (£) (£) (£) incentive (£) (£) awards (£) (£)
Ashtead Group (1) 2018 4,499.6 Geoff Drabble 813,000 45,000 325,000 3,451,000 1.450,000 6,084,000 0.135% Annual Report Archibald https://www.babcockinternational.com/wp- Babcock 2019 4,449.5 Anderson Bethel, 796,000 223,000 100,000 199,000 67,000 1,385,000 0.031% content/uploads/2020/07/BAB029_ARA20_Web_Si International CBE ngles.pdf Cineworld Group https://www.annualreports.com/HostedData/Annual 2019 3,425.96 Moshe Greidinger 638,000 58,000 519,000 99,000 795,000 2,109,000 0.062% plc Reports/PDF/LSE_CINE_2019.pdf Go-Ahead 2019 3,807 David Brown 571,000 4,000 330,000 330,000 34,000 1,269,000 0.033% Group plc. Annual Report https://www.heathrow.com/content/dam/heathrow/ John Holland- web/common/documents/company/investor/reports Heathrow 2019 2,976 750,905 19,577 565,965 225,272 1,043,044 2,604,763 0.088% Kaye -and-presentations/annual-accounts/airport- ltd/Heathrow-Airport-Limited-31-Dec-2019.pdf https://www.investec.com/content/dam/investor- Investec 2019 2,486 Fani Titi 612,000 12,000 42,000 666,000 1,332,000 0.054% relations/financial-information/group-financial- results/2020/Remuneration-report-2020.pdf Lord Simon https://www.nextplc.co.uk/~/media/Files/N/Next- Next plc 2019 4,362 Wolfson of 805,000 47,000 350,000 143,000 1,719,000 121,000 3,185,000 0.073% PLC-V2/documents/2020/annual-report-and- AspleyGuise accounts-jan20.pdf https://www.thephoenixgroup.com/investor- Phoenix Group (1) (2) 2019 4,182 Clive Bannister 700,000 16,000 969,000 123,000 1,168,000 2,976,000 0.071% relations/reports-and-presentations/annual-report- Holdings download-2019/download.aspx https://www.serco.com/media/4462/serco-annual- Serco 2019 3,210 Rupert Soames 850,000 44,197 1,398,250 255,000 3,153,530 5,700,977 0.178% report-and-accounts-2019.pdf https://www.smith- Smith & Nephew (1) 2019 4,029 Namal Nawana 1,596,615 47,302 1,674,653 334,923 862,881 4,489,374 0.111% nephew.com/global/assets/pdf/corporate/annual%2 0report%202019%20interactive-1.pdf
(1) Since the new CEO was appointed in 2019, the remuneration considered is of the individual who was the CEO in 2018 (2) The company has a different CEO at present 7.2 UK Company Profiles CEO Reward Analysis Balfour Beatty
Business Segments
Professional Provides technical services such as Services architectural, design, or project management. Headquarters Founded CEO CEO since Construction Provides physical construction of an asset. Services 1909 Leo Quinn January Engages in the support existing assets or 2015 Support Services functions such as asset maintenance and refurbishment. London, UK
Infrastructure Involves in acquisition, operation and disposal of Investments infrastructure assets
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
3 countries £8.41 billion 26,000+ https://www.balfourbeatty.co m/
UK 40%
Others 60% Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Barratt Developments
Business Segments
Housebuilding Offers residential houses Headquarters Founded CEO CEO since
Commercial Offers commercial buildings 1958 David Fraser July 2015 Developments Thomas
London, UK
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
1 country £4.76 billion 6,500+ http://www.barrattdevelopmen ts.co.uk/
UK 100%
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Kier Group
Business Segments
Encompasses property development and Property structured finance Headquarters Founded CEO CEO since Includes mixed tenure housing partnerships and Residential private house building. 1928 Haydn Mursell July 2014
Comprises of UK regional building, the UK Construction infrastructure and international businesses Sandy, UK
Comprises of strategic and local authority highways maintenance, utilities, housing Services maintenance, Kier Workplace Services and environmental services.
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
3 countries £4.5 billion 20,000+ http://www.kier.co.uk/
UK 90%+
Others ~10% Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Taylor Wimpey PLC
Business Segments
United Kingdom Builds houses in the UK, from one bedroom Housing apartments to five bedroom houses. Headquarters Founded CEO CEO since
Builds homes in popular locations that appeal to Housing Spain 1935 Peter Timothy July 2007 both foreign and Spanish buyers. Redfern
High Wycombe, UK
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
2 countries £4.34 billion 6,100+ https://www.taylorwimpey.co. uk/corporate
UK ~97%
Others 3% Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Persimmon Plc
Business Segments
Offers houses under three brands: Persimmon Housebuilding within Homes, Charles Church, and Westbury UK Partnerships Headquarters Founded CEO CEO since
1972 David Jenkinson January 2019
Fulford, UK
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
1 country £3.65 billion ~5,300 https://www.persimmonhome s.com/
UK 100%
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Bellway
Business Segments
Offers construction services in the UK; primarily Housebuilding residential Headquarters Founded CEO CEO since
1946 Jason Honeyman September 2017
Newcastle upon Tyne, UK
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
1 country £3.21 billion ~3,000 http://www.bellwaycorporate.c om/
UK 100%
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Morgan Sindall Group plc
Business Segments
Construction and Provides specialist construction and infrastructure infrastructure design Headquarters Founded CEO CEO since Provides strategic asset management and Property services maintenance 1977 John Morgan October 1994 Focuses on the delivery of mixed tenure Partnership housing regeneration partnership housing schemes London, UK
Works with landowners and public sector Urban regeneration partners
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
1 country £3.07 billion 6,600 https://www.morgansindall.co m/
UK 100%
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis The Berkeley Group Holdings plc
Business Segments
Offers houses under four brands: Berkeley, St Homebuilding George, St Joseph, and St James Headquarters Founded CEO CEO since
2004 Robert Charles September Grenville Perrins 2009
Cobham, UK
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
1 country £2.96 billion 2,600+ https://www.berkeleygroup.co. uk/
UK 100%
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Galliford Try Holdings PLC
Business Segments
Offers mid-market homes in vibrant and Linden Homes sustainable communities to first-time buyers and families Headquarters Founded CEO CEO since
Uses housebuilding and contracting skills to Partnerships & deliver solutions to registered providers and 1908 Peter Truscott October Regeneration consumers 2015
Offers construction services to public sector, Uxbridge, UK Construction regulated organisations, and major private sector companies.
Total Revenue by Region (2019)
Global Presence Revenue (2018) Employees (2019) Website
1 country £3.13 billion ~5,200 https://www.gallifordtry.co.uk/
UK 100%
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Keller Group plc
Business Segments
Offers micro-piling, ground anchors and grouting North America services, and a range of piling solutions Headquarters Founded CEO CEO since
Offers a range of geotechnical products and EMEA 1991 Alain Michaelis May solutions 2015
London, UK Offers ground improvement and heavy Asia-Pacific (APAC) foundation products and solutions
Total Revenue by Region (2019)
Global Presence Revenue (2019) Employees (2019) Website
40+ countries £2.22 billion 10,000+ http://www.keller.com/
UK ~3%
Others 97% Source: Company Website l Annual Report l forbes.com 7.3 Global Company Profiles CEO Reward Analysis China Railway Group Ltd.
Business Segments
Builds and repairs railways, highways, bridges, Infrastructure tunnels, ports, docks, airports, and irrigation Construction works Headquarters Founded CEO CEO since
2007 ZHANG March 2013 Survey, Design and Researches and develops feasibility studies and Zongyan Consulting Services compliance certification of infrastructure projects Beijing, China Engineering Designs, produces, and trades railway Equipment and equipment, engineering machineries, and steel Component products Manufacturing
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2018) 90+ countries £83.9 billion 280,000+ http://www.crec.cn/ (RMB 740.4 billion) 1 RMB = 0.113336 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis China Railway Construction Corp Ltd.
Business Segments
Construction Engages in the construction of infrastructure Headquarters Founded CEO CEO since Provides survey, design and consultancy Survey, Design, and services, as well as technology and equipment Consultancy 1948 ZHUANG December research Shangbiao 2015
Beijing, China Offers design, R&D, production, and sale of large Manufacturing track maintenance machinery and manufactures components for railway construction
Real Estate Sale of residential and commercial properties
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 97 countries £94.3 billion 290,000+ http://www.crcc.cn/ (RMB 936.4 billion) 1 RMB = 0.113478 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis China Communications Construction Group Ltd.
Business Segments
Infrastructure construction of ports, roads, Construction bridges and railways Headquarters Founded CEO CEO since
LIU Qitao November Involved in infrastructure design of ports, roads 2006 Design 2017 and bridges Beijing, China
Offers services to clear places with water by Dredging scooping out rubbish with a dredge
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 120+ £62.7 billion ~125,000 http://en.ccccltd.cn/ countries (RMB 626.5 billion) 1 RMB = 0.113478 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis VINCI SA
Business Segments
Develops and operates motorway, transport Concessions infrastructures, and public facility concessions Headquarters Founded CEO CEO since
Offers various contracting services such as 1910 Xavier Huillard May 2010 Contracting electrical works, engineering, HVAC, among others Rueil-Malmaison, France
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 120 countries £42.2 billion 190,000+ https://www.vinci.com/ (EUR 48.8 billion) 1 EUR = 0.877771 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis Actividades de Construccion y Servicios S.A.
Business Segments
Caters civil works, residential, and non- Construction residential buildings Headquarters Founded CEO CEO since
Engages in the development of applied 1942 Marcelino May 2017 Industrial Services engineering services, installations and the Fernández maintenance of industrial infrastructures Verdes Madrid, Spain
Comprises the integral building, public spaces Services and organization maintenance services
Corporate Unit Includes corporate activity undertaken by ACS.
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 70 countries £34.3 billion 190,000+ https://www.grupoacs.com/ (EUR 39.1 billion) 1 EUR = 0.877771 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis Bouygues SA
Business Segments
Offers construction services under three brands: Construction Bouygues Construction, Bouygues Immobilier, and Colas Headquarters Founded CEO CEO since
Covers the activities of TF1 (offers a variety of Media 1956 Martin September entertainment content) Bouygues 1989
Paris, France Operates in the French electronic Telecom communications market via Bouygues Telecom
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 90 countries £33.3 billion 130,500 https://www.bouygues.com/ (EUR 37.9 billion) 1 EUR = 0.877771 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis Lennar Corp.
Business Segments
Homebuilding Offers homebuilding services Headquarters Founded CEO CEO since
Focuses on the mortgage financing, title Financial Services 1954 Richard April 2018 insurance and closing services Beckwitt
Develops, constructs and manages Miami, Florida, US Multifamily property of multifamily rental
Involves in raising, investing, and Lennar Other managing third-party capital
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 1 country £17.5 billion 10,100+ https://www.lennar.com/ (USD 22.3 billion) 1 USD = 0.784206 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis Eiffage SA
Business Segments
Engages in the building design and construction, Construction property development and building maintenance Headquarters Founded CEO CEO since
Engages in the civil engineering, road 1920 Benoit de January Public Works construction, infrastructure maintenance and Ruffray 2016 material production Vélizy- Villacoublay, Engages in the metallic construction and Metal France services to industry
Engages in the construction and operation of Concessions & infrastructures under concessions and public Utilities Management private partnerships
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 50 countries £16.4 billion 72,500 http://www.eiffage.fr/ (EUR 18.1 billion) 1 EUR = 0.877771 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis Larsen & Toubro Ltd.
Business Segments
Engaged in engineering and construction of building Infrastructure and factories, transportation infrastructure and heavy civil infrastructure Headquarters Founded CEO CEO since Offers solutions for coal-based and gas-based Power thermal power plants 1938 Sekharipuram July 2017 Narayan Heavy Manufactures and supplies custom designed, Subrahmanyan Engineering engineered critical equipment and systems Mumbai, India
Engaged in designing, development, serial Defense production and supporting of equipment, systems Engineering and platforms of defense and aerospace sectors
Includes communication projects, hydrocarbon, marketing and servicing of construction and mining Others machinery, and manufacture and sale of rubber processing machinery
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 30+ countries £15.8 billion 44,000+ http://www.larsentoubro.co (INR 823.8 billion) m/ 1 INR = 0.011137 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com CEO Reward Analysis AECOM
Business Segments
Design and Engaged in planning, consulting, architectural consulting services and engineering design services (DCS) Headquarters Founded CEO CEO since
1990 Michael S. March 2014 Construction Engaged in construction services primarily in the Burke services (CS) Americas. Los Angeles, California, US
Global Presence Revenue (2018) Employees (2019) Website
Exchange Rate (2019) 150+ £15.8 billion 86,000 http://www.aecom.com/ countries (USD 20.2 billion) 1 USD = 0.784206 GBP
Source: Company Website l Annual Report l forbes.com l fxtop.com 7.4 Similar Sized Company Profiles CEO Reward Analysis Heathrow Airport Holdings Limited
Business Segments
This segment primarily charges fee from the Aeronautical airline- passenger charges, landing charges, and parking charges Headquarters Founded CEO CEO since Includes retail concessions, catering, car Retail parking, and other services 1944 John Holland- July 2014 Kaye Others Healthrow express and other regulated charges London, UK
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company owns and runs London Heathrow Airport, Britain's aviation hub 7,600+ https://www.heathrow.c • The airport is spread across 1,227 hectares with five terminals 1 country £3 billion om/company of which one was closed in 2015 • In 2018, the passenger volume across all the terminals was over 80 million on a total of 472,737 flights • It serves over 200 destinations across 80+ countries
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Serco Group plc
Business Segments
Offers operational support; Engineering, Defense management and information services; Nuclear, space and maritime services Headquarters Founded CEO CEO since Justice & Offers custodial services; Immigration detention Immigration services; Detainee transport and monitoring 1929 Rupert Soames May 2014 Offers Rail, ferry and cycle operations; Road Transport traffic management; Air traffic control Hook, UK Offers Integrated facilities management; Health Pathology and non-clinical support services; Patient administration and Contact Contact centres and case management; back Citizen Services office and IT services; Employment and skills services
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company is a provider of essential public service • It offers its services across our four regions: UK & Europe, 50,000+ https://www.serco.com/ North America, Asia Pacific and Middle East 20+ countries £3.3 billion • The company is a FTSE top 250 company managing over 500 contracts worldwide
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Smith+Nephew
Business Segments
It consists of Advanced Wound Care, Advanced Advanced Wound Wound Bioactives and Advanced Wound Management Devices businesses Headquarters Founded CEO CEO since It includes Knee Implants, Hip Implants, Other Orthopaedics and Reconstruction, Trauma, Sports Medicine Joint Sports Medicine Namal Nawana May 2018 Repair, Arthroscopic Enabling Technologies 1856 & ENT and ENT businesses Watford, UK
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company is a is a medical technology firm that is engaged in developing, manufacturing, marketing and selling medical devices and services 40+ countries* £4 billion 18,000+ https://www.smith- nephew.com/ • Some of the company’s products include Sports Medicine Joint Repair, Arthroscopic Enabling Technologies (AET), Trauma & Extremities, Other Surgical Businesses, Knee Implants, Hip Implants, Advanced Wound Care, Advanced Wound Bioactives and Advanced Wound Devices
* Excluding distributors
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Babcock International Group PLC
Business Segments
Offers services for life support of submarines, Marine naval ships and infrastructure
Provides vehicle fleet management, equipment Headquarters Founded CEO CEO since Land supports and training for military and civil customers 1891 Archibald September Anderson Bethel, 2016 Offers engineering services to defense and civil Aviation CBE customers London, UK Provides engineering services in support of decommissioning program and projects, Nuclear training and operation support, new build program management, and design and installation
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company is a leading provider of engineering services • The company focuses on defence, emergency services and 34,000 https://www.babcockint civil nuclear 13 countries £4.5 billion ernational.com/ • The company has their offices in Australia, Canada, France, South Africa, the UK among other countries
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Phoenix Group Holdings
Business Segments
UK Heritage Provides a range of life and pensions products
Provides pension and long-term savings Headquarters Founded CEO CEO since UK Open products sold under the Standard Life brand 1857 Clive Bannister February Europe Provides life assurance products in Europe 2011 Birmingham, UK
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company is one of the largest provider of insurance services and specializes in the acquisition and management of closed life insurance and pension funds 3 countries £4.2 billion ~4,400+ https://www.thephoenixgroup. com/ • It is the largest life and pensions consolidator in Europe with 13.8 million policies and £324 billion of assets under administration • Its subsidiaries include Phoenix Life Limited, Phoenix Life Assurance Limited, ReAssure Group plc and Abbey Life Assurance Company Limited.
Source: Company Website l Annual Report CEO Reward Analysis Next Plc
Business Segments
Online business for selling clothing and NEXT Online homeware in the UK and Ireland Headquarters Founded CEO CEO since NEXT Retail Chain of 500+ stores in the UK and Ireland
Lord Simon 2001 Provides consumer credit for its customers 1864 NEXT Finance Wolfson through nextpay and next3step Leicester, UK NEXT International Franchise and wholly owned stores overseas
NEXT Sourcing designs and sources NEXT branded products
Company Overview Global Presence Revenue (2019) Employees (2019) Website • NEXT plc is a retailer that offers clothing, footwear, accessories, beauty and home products 44,000+ https://www.nextplc.co. • The Company's franchise partners operate approximately 199 16 countries £4.4 billion uk/ stores in over 32 countries • Lipsy is a subsidiary that designs and sells branded products • LABEL is an online aggregation business that sells ~1,000 third-party brands
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis The Go-Ahead Group plc.
Business Segments
Comprises of commercial bus businesses Regional bus outside of London Headquarters Founded CEO CEO since London and Comprises of tendered bus operations in international bus London, Singapore and Dublin 1987 David Brown July 2011 Includes train franchises tendered by transport Rail authorities in the UK, Germany and Norway Newcastle upon Tyne, UK
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company is a is a public passenger transport company • It also operates bus and rail services in targeted international ~29,000 https://www.go- markets 6 countries £3.8 billion ahead.com/ • The company’s rail division provides 30% of all passenger journeys in the UK across their two operating companies: Govia Thameslink Railway (GTR) and Southeastern
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis X
Business Segments
Cinema chain in the US under the brands Regal, US United Artists and Edwards theatres Headquarters Founded CEO CEO since UK and Ireland Cinema chain in UK&I under the brands ('UK&I') Cineworld and Picturehouse 1995 Moshe Greidinger February Rest of the World Cinema chain in ROW under the brands Cinema 2014 ('ROW') City, Yes Planet, and Rav-Chen Brentford, UK
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company is an international cinema chain • It has 9,500 screens in ~790 sites across 10 countries 10 countries £3.4 billion 30,000+ https://www.cineworldpl • Some of the company’s brands include c.com/ • Regal (7,178 screens) • Cineworld Cinemas (1,087 screens) • Picturehouse (93 screens) • Cinema City (1,006 screens) • Planet (136 screens)
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Ashtead Group plc.
Business Segments US division of construction and industrial equipment rental with 836 stores with non- Sunbelt US residential construction market as its principal sector Headquarters Founded CEO CEO since UK division of the company that operates 192 Sunbelt UK stores and serves a more mature market in the Geoff Drabble January UK 1947 2007 Canadian division of the companythat operates Sunbelt Canada 75 stores London, UK
Company Overview Global Presence Revenue (2019) Employees (2019) Website • The company is an international equipment rental company that trades under the Sunbelt Rentals brand 19,000+ https://www.ashtead- • It operates in over 900 stores in the US and Canada 3 countries £4.5 billion group.com/about-us/ • It’s rental fleet ranges from small hand-held tools to a range of construction equipment • The rental equipment can be used for various purpose such as to lift, power, generate, light, move, dig, compact, drill, support, access, scrub, pump, direct, heat and ventilate
Source: Company Website l Annual Report l forbes.com CEO Reward Analysis Investec plc
Business Segments
Provides investment products and services to Asset Management institutions, advisory clients and individuals Focuses on managing investments for private Headquarters Founded CEO CEO since Wealth & Investment investors, families, trusts and charities, corporate and executives, and intermediaries 1992 Fani Titi October Includes private banking, corporate and 2018 Specialist Banking institutional banking, Investec Property, Investment Banking and ReichmansCapital London, UK
Company Overview Global Presence Revenue (2019) Employees (2019) Website • Investec plc is one half of a dual-listed financial services firm providing private banking, asset management, brokerage, and investment banking, primarily to wealthy clients and financial 14 countries £2.5 billion 8,700+ https://www.investec.co institutions m/en_gb.html • Investec plc's top markets are in the UK, Europe, and Australia.
Source: Company Website l Annual Report l forbes.com 8.0 About Acolyte About Acolyte
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We harness data, AI and the latest technology to energise hiring in your business and empower your in-house recruitment and HR teams to deliver direct hire strategies About Acolyte
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“Professional, quick to deliver results & cost “The Acolyte platform allows us to truly get to “I successfully went through the Board effective, We trailed contingent agencies the bottom of what the hiring managers are succession selection process. It’s a great alongside Acolyte and the best and successful looking for on each and every role” outcome for me! and none of this would candidates came via the Acolyte Platform” have happened without Acolyte, so thank you so much!” Please contact Chris Murphy for further information. [email protected]