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Birmingham Post
Birmingham Post
Business
Jon Robinson

Boohoo CEO in line for major bonus boost as share price drop leads to executive pay revamp

The chief executive of Boohoo could receive a bonus worth 200% of his £652,000 salary if he meets a number of targets over the next three years.

The Manchester-headquartered group has unveiled a new long-term incentive plan (LTIP) in its annual report which would see John Lyttle benefit if various targets such as revenue, earnings growth and ESG markers are achieved.

The group's share price is currently hovering at around 80p after falling from £3.19 last May.

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