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Article: New Look boss to get pounds 6.8m pay windfall.(Business)
- Article from:
- The Birmingham Post (England)
- Article date:
- February 14, 2004
CopyrightCOPYRIGHT 2004 Birmingham Post & Mail Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: John Duckers By John Duckers Business Editor
New Look chief executive Stephen Sunnucks is in line for a pounds 6.85 million golden goodbye...and it could be more. It follows a recommended pounds 699 million bid from founder Tom Singh and buy-out firms Permira and Apax Partners to take the women's fashion retailer private.
The windfall would be the result of Mr Sunnucks cashing in shares and options, a spokeswoman for the company said.
Mr Sunnucks, who is to leave New Look if the deal goes through, can expect the package ...