Average pay for senior staff at budget-busting scheme increased 15% in 2018
The amount spent on the salaries of the directors running the budget-busting Crossrail scheme grew in the past year, its latest accounts have revealed.
In its for the year ending 31 March 2018, Crossrail Ltd said it had spent 拢1.83m on the pay packets of nine directors. It also handed out a further 拢56,500 under long term incentive schemes.
In its previous set of results, Crossrail paid 拢1.76m to 10 directors, meaning the average director salary grew by 15% or more than 拢27,000 in the 12 months to last March.
Last August Crossrail confirmed the line would not be ready to open in December. Three months later it announced it would cost up to another 拢2bn to complete.
And the figures show the average salary for staff at the business 鈥 excluding the wages of directors 鈥 went up 11% to almost 拢68,000 a year. The number of staff during the period fell from 596 to 499.
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Among those to leave was former chief executive Andrew Wolstenholme who went at the end of March last year to take up a post at defence contractor BAE Systems.
Wolstenholme, who led the project for seven years, was handed a near 拢98,000 pay out for compensation for loss of office, the accounts said.
A Crossrail spokesperson told 黑洞社区 the payment was made because 鈥渉is role [was] coming to an end鈥 with Wolstenholme鈥檚 successor, Simon Wright, combining the chief executive post with his then existing role of programme director.
Wolstenholme was the highest paid director over the period, earning 拢736,157, including the pay out.
Wright left the business last November and has been replaced by Mark Wild amid a wider rejig of the senior team, which saw chairman Sir Terry Morgan leave the same month. Wild has since brought in Peter Henderson to take on the programme director role.
A spokesperson for Crossrail said: 鈥淎ny bonus payments made to the Crossrail Limited senior leadership team in previous financial years was because performance criteria and project milestones had been met and delivered in those years.鈥
Crossrail employees with an annual base salary of more than 拢150,000 in 2017/18
Name | Position held in 2017/18 TfL Annual Report | Salary (including fees and allowances) 2017/18 |
---|---|---|
Andrew Wolstenholme |
Former chief executive |
拢476,772 |
Simon Wright |
Programme director |
拢328,873 |
Valerie Todd |
Talent and resources director |
拢258,277 |
Sir Terry Morgan7 |
Chairman |
拢250,000 |
Matthew Duncan |
Finance director |
拢247,016 |
Paul Grammer |
Commercial director |
拢238,147 |
Chris Sexton |
Technical director |
拢230,707 |
Ian Lindsay |
Former land & property director |
拢214,773 |
Mark Fell |
Legal services director & company secretary |
拢199,573 |
Leon Daniels1 |
Former managing director surface transport |
拢195,353 |
Howard Smith |
Director of operations |
拢183,075 |
Chris Binns |
Chief engineer |
拢170,980 |
Jeremy Bates |
Head of infrastructure |
拢163,488 |
Richard Palczynski |
Programme controls director |
拢161,635 |
Matthew White |
Surface director |
拢156,943 |
Will Parkes5 |
Former external affairs director |
拢113,560 |
Ian Nunn2 |
Former chief financial officer |
拢105,136 |
Duncan Pickard6 |
Former stations delivery director |
拢87,656 |
Derek Baille3 |
Former project manager property development |
拢27,318 |
Garrett Emmerson4 |
Chief operating officer |
拢15,711 |
Source:
Notes:
1. Left service 20 December 2017
2. Passed away 25 July 2017. Salary sacrificed for pension of 拢2,427 (2016/17 拢7,504)
3. Left service 30 June 2017. Paid for providing services 1.5 days per week
4. Left service 30 April 2017. Salary sacrificed for pension of 拢631 (2016/17 拢7,504)
5. Left service 31 December 2017
6. Left service 29 September 2017
7. Paid for providing services three days per week
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