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Tesco boss gets a £1m pay rise after supermarket sales and profits soar

The Independent·Holly Williams·18 days ago
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Tesco chief executive Ken Murphy has seen his total annual remuneration package climb to £10.8m, marking an increase of £1m from the previous year. The supermarket giant’s latest annual report disclosed that Mr Murphy secured a £3.4m annual bonus and £5.7m in share awards for the 2025-26 financial year. This significant pay rise follows a period of strong performance for the company, which reported earnings of £3.15 billion for the year ending February 28, up from £3.13 billion. Furthermore, Tesco achieved its highest market share in over a decade, with sales, excluding VAT and fuel , growing by 4.6% to £66.6 billion. Mr Murphy's package for 2024-25 stood at £9.8m. The report also showed the chief executive’s basic annual salary will increase by another 3% to £1.54m on May 24, while chief financial officer Imran Nawaz will receive an 8.2% hike to £900,000.…

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