DTZ chief executive Mark Struckett earned 24% less in the last financial year after a poor year’s trading for the company.
In its annual report & accounts for the year to 30 April published today, DTZ revealed that Struckett received £586,000 remuneration, down from £768,000 in 2007. His salary of £271,000 was boosted by a £255,000 bonus, £19,000 of benefits and a £41,000 pension contribution.
Pretax profit slump
DTZ’s pretax profits in the year slumped 87% to £5.6m. Its shares dropped 64% from 595p to 215p and today they were trading at half that level – 107p.
Struckett was not the highest-earning DTZ director last year. Asia Pacific chairman CY Leung received £813,000, which included a £540,000 bonus. In 2007 he received £302,000.
Killian Higgins, the managing director of the Europe, Middle East and Africa region, received £470,000, which was 18% less than in 2007 and Robert Peto, the chairman of UK & Ireland, received £432,000, which was 27.5% less.