Higher than Predecessor Dame Sharon White’s Compensation

  • John Lewis Partnership chair Jason Tarry set to receive over £1.3m this year
  • Pay package significantly higher than predecessor Dame Sharon White’s
  • Tarry’s base pay adjusted to match CEO’s due to role recalibration
  • John Lewis CEO Nish Kankiwala received between £1.3m-£1.35m last year

John Lewis Partnership chair, Jason Tarry, is expected to receive a pay package of over £1.3 million this year, significantly more than his predecessor Dame Sharon White’s compensation. Tarry, who joined as chair in September, took home a £415,000 salary during his first four and a half months. The retail giant stated that Tarry’s base pay was initially set at £990,000 upon appointment but has been adjusted to match the CEO’s pay due to the role’s recalibration. This aligns with Dame White’s £693,400 take-home pay in 2021 and £1.1 million in 2024 (including a £990,000 base salary and additional benefits). John Lewis CEO Nish Kankiwala, who reverted to a non-executive director role in March, received between £1.3m and £1.35m last year. A JLP spokesperson explained that the remuneration committee recommended aligning the chairman’s compensation with the CEO’s pay due to the expanded responsibilities of leading both the executive team and the partnership board.

Factuality Level: 8
Factuality Justification: The article provides accurate information about John Lewis chair Jason Tarry’s pay package and compares it to his predecessor Dame Sharon White’s pay. It also explains the reason behind the increase in pay and mentions the CEO Nish Kankiwala’s pay. The only potential issue is the mention of B&Q owner Kingfisher, which seems unrelated to the main topic but does not significantly impact the overall factuality level.
Noise Level: 5
Noise Justification: The article provides information on executive pay packages but lacks in-depth analysis or exploration of broader implications.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the pay packages of John Lewis chair Jason Tarry and CEO Nish Kankiwala, which are financial topics related to executive compensation. However, there is no mention of any specific financial markets or companies being impacted by these changes.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailgazette.co.uk