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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Sacked FTSE 100 chief executive to forfeit £23m in pay and benefits

Endeavour Endeavour Mining Mining
Sébastien de Montessus smiling wearing a suit and sunglasses.
Sébastien de Montessus was the highest paid FTSE 100 chief executive in 2021. Photograph: Issouf Sanogo/AFP/Getty Images

The gold producer Endeavour Mining is to claw back more than $29m in pay and awards after firing its chief executive this month for alleged “serious misconduct” over allegations of a multimillion-dollar “irregular payment”.

London-headquartered Endeavour said on Thursday that Sébastien de Montessus, who had led the FTSE 100 company since 2016, would be forced to forfeit $29.1m (£22.9m) in remuneration.

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