Greene King boss Rooney Anand given 13% salary increase in wake of Spirit pub acquisition

08 August, 2016

Greene King chief executive Rooney Anand was awarded a 13% salary increase in the wake of the Spirit deal, its annual report for 2016 has revealed.

His base salary was increased to £645,000 from £567,970 on 19 October 2015, following a detailed review. The renumeration committee said the increase was due to the “changes in the size and complexity of the group as a result of the Spirit acquisition.”

The report also revealed that Anand earned a total of £2,547,000 for the 52 weeks ended 1 May, up from £2,139,000 the year before.

Chief financial officer Kirk Davis received a 7% rise from 19 October 2015, bringing his base salary up to £351,000 from £328,000.

The report also revealed that the base fee for chairman Philip Yea was £183,000, whilst the base fees for the non-executive directors were £46,000 for Mike Coupe, Rob Rowley and Philip Yea and £53,400 each for Ian Durant and Lynne Weedall.

Old Speckled Hen has led the charge in take-home for Greene King posting a 2.2% increase in sales and a 9.7% rise in operating profits in its brewing and brands division in the year to May 1.

Brewing and brands contributed £196.9 million to overall group revenue which pushed past the £2 billion mark, a 57.6% rise in a year in which it bought the Spirit pub company.




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Lifting the spirits

I were to sum up alcohol sales over Christmas 2017 in one word, it would be “gin”. At Nielsen, we define the Christmas period as the 12 weeks to December 30 and in that time gin sales were £199.4 million, which means they increased by £55.4 million compared with Christmas 2016. There’s no sign the bubble is about to burst either. Growth at Christmas 2016 was £22.4 million, so gin has increased its value growth nearly two-and-a-half times in a year. The spirit added more value to
total a

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