The chief executive at Energy Assets Group is getting a £36,000 pay rise even after seeing his annual package more than double to £943,000.
The smart metering and data monitoring firm’s annual report shows Phil Bellamy-Lee received £496,000 from a long-term incentive plan which vested during the 12 months to the end of March this year.
He also got a basic salary of £249,000, £162,000 annual bonus, pension contributions of £27,000 and other benefits to the value of £9,000.
His total package was £345,000 in the prior year.
The Livingston company confirmed Mr Bellamy-Lee will see his basic wage rise to £285,000.
Chief operating officer Russell Gibson is also getting a substantial rise from £192,000 to £220,000 and finance director John McMorrow receiving a lift from £140,000 to £175,000.
The company said the average pay rise for its staff was two per cent.
Mr Gibson’s total pay package for 2015 was £757,000 and Mr McMorrow’s £537,000. They both also benefited from long-term plans vesting.
In the annual report David Goldie, chairman of the remuneration committee, said the company’s performance had been “excellent” and basic salaries for executive directors had been “conservative compared to an appropriate comparator group”.
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