LSL chief’s salary package rises 36pc

ESTATE agency and surveying group LSL Property Services hiked its chief executive’s salary and benefits by 36 per cent in 2010 as its profits and revenues surged.

By The Newsroom

Published 24th Mar 2011, 08:49 BST

The York-based company’s annual report reveals chief executive Simon Embley’s base salary increased by £70,000 to £250,000. Combined with benefits and a bonus of £243,750, Mr Embley’s total remuneration hit £505,216.

“LSL’s strategy has been designed to create shareholder value and the aim of LSL’s remuneration policy is to attract, retain and motivate executive directors with the experience and skills necessary to deliver that strategy and run LSL successfully,” said the company.

Earlier this month, LSL said underlying pre-tax profits grew 52 per cent to £25.8m in 2010.

LSL said total revenues increased by 31 per cent to £206.6m, and by 16 per cent to £182.4m on a like-for-like basis.

Total remuneration for LSL directors increased by 33 per cent to £1.44m in 2010. LSL added it is freezing salaries in 2011.

York