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Business News

Shell boss in the money with £4.12m earnings


Shell's Swiss chief executive, Peter Voser, made a total of £4.12m in salary, bonuses and other benefits in 2012, while his British right-hand man, chief financial officer Simon Henry, scooped up £2m.

Mr Voser's payout, which includes a £1.3m salary and a £2.8m bonus, was 9 per cent lower than the previous year, after rising exploration and production costs reduced Shell's profits in 2012 by 6 per cent, to $27bn (£18bn) from $28.6bn.

Mr Voser saw his annual salary rise by 2.5 per cent, while Mr Henry's total pay, which includes an £813,500 salary and a £1.2m bonus, was 5 per cent lower.

The payouts were revealed in Shell's annual report. The FTSE 100 giant's profit for 2012 came in at $27bn.

Shares in Shell rose by 6p to 2,268p.