Big Yellow faces shareholder revolt over proposed salary rises


Leading Big Yellow Group shareholder Royal London Asset Management has said it will vote against the self-storage operator’s proposed remuneration policy at its annual general meeting on Thursday.

The self-storage group, which has 96 sites across the UK including its Armadillo portfolio, has proposed executive salary increases of up to 40% over three years that will need to be approved at its AGM this week.

Big Yellow’s remuneration proposals would see the salary of chief executive James Gibson rise from £302,000 to £440,000 by April 2020 and that of executive chairman Nicholas Vetch will rise from £275,000 to £375,000 over the same period.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue