Bun fight at Premier Foods over its proposed £1m pay off for former boss Gavin Darby

Bun fight at Premier Foods over its proposed £1m pay off for former boss Gavin Darby


Bun fight at Premier Foods over its proposed £1m pay off for former boss Gavin Darby

Gavin Darby was paid £1.2m in his final year as Premier Foods boss while the firm plunged to a £42.7m

Gavin Darby was paid £1.2m in his final year as Premier Foods boss while the firm plunged to a £42.7m

Premier Foods is set for a showdown with investors over a pay award handed to former chief executive Gavin Darby.

Shareholders in Premier Foods, which owns Mr Kipling, Super Noodles and Bisto gravy, are expected to vote against plans to pay the ousted boss almost £1million.

Darby, 63, left at the beginning of the year with a cash payment of almost £864,000, awarded in lieu of his notice period. 

He was paid £1.2million in his final year as boss while the firm plunged to a £42.7million loss.

Investors are now being urged by advice service ISS to vote against Premier’s remuneration report at its AGM this month.

 

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