Domino's boss gets another 1m share options

  • @Thompj

Domino's Pizza UK has handed its new chief executive a further million share options, after an initial award of a million last year, as part of a "special recruitment incentive".

Lance Batchelor, the former head of Tesco Mobile, was handed the first tranche of share options when he became the pizza firm's deputy chief executive in June and the second batch after he took the helm in late December.

Mr Batchelor, who receives a base salary of £430,000, will be able to exercise the first tranche of the share options at 386.8p in 2014, subject to him hitting performance targets, said its annual report.

Domino's grew underlying profits by 14.6 per cent to £43.6m over the year to 25 December. Its shares rose to 443.9p yesterday.