SSE's outgoing chief executive has seen his pay and pension package almost double to £2.6 million after netting a near-£1.1m payout from a long-term bonus scheme.
Ian Marchant, 51, announced last month he would donate a £329,000 annual bonus to improve staff training.
But after being awarded just over half the maximum payout from the long-term scheme, as well as an £870,000 basic salary and £20,000 in benefits plus a £680,000 increase in his pension pot, his package for the last financial year still far outstripped the £1.4m he received in 2011/12.
Perth-based SSE's annual report confirmed earlier reports Mr Marchant will leave with a £10.5m pension pot. He will be entitled to £420,000 payable from the age of 60, although he is entitled to request some of the pot be paid out as a lump sum instead of an income. He will also leave with shares worth £4.7m. He could also receive as much as £1m in shares from another company bonus scheme that runs until next year.
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