INSURANCE firm Aviva has doubled the pay packet of its chief executive Mark Wilson to £5.67 million.
Mr Wilson’s packet includes a £1.78 million bonus representing 182 per cent of his salary. Mr Wilson presided over the £5.6 billion acquisition of Friends Life in April 2015, which led to the creation of a group with 31,500 employees.
The group previously announced that the deal could see the loss of up to 1,500 jobs.
The scale of the Mr Wilson’s pay-out was largely driven by the vesting of a £2.56m long-term incentive plan (LTIP), which paid out for the first time since he joined the company in 2012.
Aviva UK & Ireland Life CEO Andy Biggs, who joined the company as a result of the Friends Life acquisition, was awarded £1.4m.
Chief financial officer Tom Stoddard also saw his total pay packet boosted to £2.9m, from £1.2m in 2014.
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