Home Business NewsBusiness Burberry CEO Angela Ahrendts becomes first female to top UK's pay league

Burberry CEO Angela Ahrendts becomes first female to top UK's pay league

by LLB Editor
10th Jun 13 11:08 am

Burberry boss Angela Ahrendts has officially become the highest paid chief executive in Britain.

According to pay consultancy MM&K, the American was paid £16.9m last year, almost £5m more than the UK’s second most-paid CEO.

The 53-year-old from Indiana is one of the only three women to appear on the latest FTSE 100 list, is the first time a women has been named the most paid CEO in Britain.

According to the Guardian, Ahrendts’ earned a £990,000 salary and a £2m bonus last year. Burberry also paid £255,000 into her pension along and gave her a “cash allowance” of £387,000.

Speaking about the news, Frances O’Grady, general secretary of the TUC, said, “It would be wrong to interpret a female topping the CEO pay list as some sort of breakthrough for women’s equality. The majority of Britain’s boardrooms and senior positions remain closed to women.”

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