Persimmon investors approve £39m pay package for Jeff Fairburn

By Will Ing2019-05-02T13:00:00

Source: Duncan Andison/shutterstock.com

But firm has said remuneration overhaul will see new emphasis on customer satisfaction

Persimmon’s ousted chief executive Jeff Fairburn has walk away with another £39m after shareholders voted through the firm’s 2018 executive pay packets.

Shareholders in the firm, which recorded a pre-tax profit of more than £1bn last year, voted by 92% to 8% to approve the annual remuneration report which also saw £25m handed to Fairburn’s successor David Jenkinson and £26m to group finance director Mike Killoran.

It comes as the housebuilder yet again finds itself in the headlines for the wrong reasons, after it was booted-off the Prompt Payment Code and found to be selling homes with potentially serious fire safety defects.

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