Richard Scott, finance director, and Tony Hancock, operations director, also received pay increases of between 5 and 10 per cent. Chairman Brian McGowan's pay was static at pounds 150,000.Reuse content
House of Fraser's three executive directors each enjoyed significant pay increases last year though the department store group's profits halved to pounds 14m and the share price continued to under-perform. Andrew Jennings, the former managing director who was ousted earlier this year, saw his pay increase from pounds 267,000 to pounds 302,600 last year. His pay included benefits of pounds 48,437 for the use of a company car, mobile phone and accommodation in central London for his wife and family. Mr Jennings' severance pay was not disclosed in the company's annual report.