What was Susan Davy’s, Pennon Chief Executive, bonus in 2020/21?

In yesterday’s post “Sewage: you should take personal responsibility”, Radio Exe claimed that Susan Davy received a bonus of more than £370,000, on top of her £475,000 base salary.

As previously reported by Owl, The Times quoted a substantially higher bonus figure of £1.2 million:

Water bosses’ pay and bonuses in 2020-21 from www.thetimes.co.uk 

• Susan Davy, chief executive of Pennon, the parent company of South West Water, was paid £1.7 million, including £1.2 million in bonuses

• Steve Mogford, the chief executive of United Utilities, was paid £2.9 million, including £2 million in bonuses.

• Liv Garfield, the chief executive of Severn Trent Water, was paid £2.8 million, including £1.9 million in bonuses

• Sarah Bentley, the chief executive of Thames Water, was paid £1.2 million, including a £273,000 bonus.

• Ian McAulay, the chief executive of Southern Water, was paid £1 million, including £550,000 in bonuses.

One thought on “What was Susan Davy’s, Pennon Chief Executive, bonus in 2020/21?

  1. The dividends and increased salaries paid to executives undoubtedly amount to more than the (Tory) government raised when their dogma and short-term thinking led them to privatise the water industry, and they would still have owned the assets. Lax regulation is also inevitable with privatisations because investors don’t want to buy a company that is heavily regulated.

    The dividends and increased salaries are effectively a diversion of funds from infrastructure investment. There is a clear and direct correlation between the parlous state of the water infrastructure and the privatisation of the water industry by a Tory government.

    It is time that the idea that privatisations are ever a good idea. Once again I challenge anyone to provide a single example of a privatisation that has been a net benefit to the public?

    Like

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