Monday 25 September 2017

The Punt: Nigel adds to his workload

Nigel Northridge
Nigel Northridge

It's all adding up at the till for Nigel Northridge. The chairman of Paddy Power and UK department store operator Debenhams will take up a seat as a non-executive director at Aer Lingus from January.

The Punt is impressed by his growing workload. But Mr Northridge is getting well paid for his exertions. At Paddy Power, where he's been chairman since 2009, he's paid an annual fee of €210,000. At Debenhams, where Mr Northridge has been chairman since 2010, he's paid an annual fee of £175,000 (€207,000), according to the retailer's annual report just published on Monday.

Mr Northridge is also a non-executive director at UK-based automotive distributor and retailer Inchcape. He's chairman of the group's remuneration committee. Last year's annual report for the global firm shows that Mr Northridge was paid £60,000 for his services.

At Aer Lingus, he can expect to be paid €32,000, based on last year's basic fee structure for non-executive directors. All this tots up to €520,000 a year.

He also owns 6,000 shares in Paddy Power, valued at €372,000, as well as 100,000 shares in Debenhams worth £102,000, and 25,000 shares in Inchcape valued at £155,000. Busy man.

Irish Independent

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