Severn Trent chief’s pay package rises to £3.2mn despite pollution fine

Severn Trent has awarded its chief executive a total pay package of £3.2mn, including a £584,000 bonus, just months after the water utility received a £2mn fine for water pollution. Liv Garfield, the chief executive of FTSE 100-listed Severn Trent, which provides 4.6mn households and businesses in England with sewerage and water services, saw her total pay increase by 2.1 per cent on last year, according to the annual report released on Tuesday.

Davy’s pay rose to £860,000, up from £543,000 in 2022-23 as she picked up a long-term performance award to be held for two years and reinvested in Pennon stock. Pennon was already under fire for paying a £127mn dividend to shareholders, days after a parasitic outbreak in drinking water in Devon. Severn Trent said Garfield had her bonus reduced because of the £2mn fine received for pollution in February.

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