A boss of a Nottingham-based international company has more than doubled his pay in 2023. Sebastian James, who is understood to be the highest-paid director of Boots took home £3.8m last year in 2022, according to the company's financial reports.
Documents show that Mr James took home £1.9m in fixed pay last year as well as £1.8m in long-term incentives and a further £100,000 in "company contributions to defined contribution schemes". This is more than double his £1.5m from 2021.
This comes as Boots UK Limited reported a £47 million increase in its operating profit to £55 million from 2021 to 2022. Boots has more than 2,000 stores nationwide and has its headquarters in Nottingham.
