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Bloomberg
Marks & Spencer Group Plc’s outgoing Chief Executive Officer Steve Rowe is set to receive a £2.6-million ($3.3 million) compensation package as he officially steps down from his role this summer.
That includes a £1.6 million bonus because he will serve as adviser to the new leadership for a year, according to the annual report. Half of the sum will be deferred into shares and released in three years. In addition, Rowe will be paid a salary and benefits until 2023, but he won’t be eligible for a bonus next year.