Savills director Simon Hope earned £1,836,171 in 2004, according to the annual report published today.
The 40-year old head of commercial investment, whose basic pay is £91,000, earned £1,737,495 in bonus and £7,676 in other benefits.
Savills also made a £676,000 contribution to Hope’s pension fund.
Chief executive Aubrey Adams, 55, saw his total pay fall from £569,939 to £270,116 due to a £350,000 reduction in his bonus.
Adams, who joined Savills board in 1990, waived £50,000 of his bonus in favour of a charity.
The head of Savills commercial division Jeremy Helsby, 49, doubled his earnings to £628,366, entirely due to his bonus jumping from £212,000 to £526,250
Rupert Sebag-Montefiore, 51, who is head of the general practice division earned £272,116, almost double last year’s earnings thanks to a rise from £37,000 to £170,000 in bonus.
Finance director Robin McKellar 45, enjoyed a ten-fold increase in his bonus to £500,000 taking his total earnings to £644,471.
In early March the firm reported profits of up 47% to £50.2m on turnover of £328m. The 2500 staff and directors have shared a bonus pool of some £70m an average of £30 000 per member of staff.
Savills has also put £18m into the company pension scheme – which remains £20.3m in deficit.
Chairman Peter Smith said “We have enjoyed a satisfactory start to the year and are confident the company will continue to perform well.”
References: EGi News 06/04/05
