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Stagecoach CEO’s take-home package down to £1.45 million

By The Courier Reporter
Martin Griffiths, chief executive of Stagecoach Group.
Martin Griffiths, chief executive of Stagecoach Group.

The chief executive of Perth transport giant Stagecoach saw his pay package fall by more than three quarters of a million pounds last year.

Martin Griffiths took home a total of £1.45 million in the year to April 30.

However, despite a £14,000 increase in his basic salary to £614,000, the value of pension-related contributions and short and long-term incentives were significantly lower meaning his overall package fell from £2.21m.

The firm’s annual report shows finance director Ross Paterson took home £945,000, down from £1.33m in 2014, while founder Sir Brian Souter received a basic salary of £205,000.