ITV's Adam Crozier paid £2.16m in 2011

By Maisie McCabe, mediaweek.co.uk, Thursday, 29 March 2012 12:16PM

Adam Crozier, the chief executive of ITV, was paid a total of £2.16m in cash and shares last year, according to ITV's annual report and accounts for 2011.

Adam Crozier: chief executive of ITV

Crozier was paid a total of £1.52m in 2011, comprising a base salary of £798,000, £20,000 worth of benefits in kind and £72,000 in pension contributions, as well as £634,000 under a short-term incentive scheme. He also earned £634,082 deferred into shares.

In total, Crozier received 88.26% of the maximum bonus he could be awarded in 2011.

ITV reported pre-tax profits of £327m last year, up 14.3% year on year, as growth in its studio and online businesses sent revenues up 4% to £2.1bn. Revenue in ITV's broadcasting and online business rose 3%.

In 2010, Crozier earned a total of £1.7m for eight months, including base salary, benefits, pension contributions, cash from a short-term incentive, a £344,000 "golden hello" package and shares under a long-term incentive scheme.

When share awards are excluded, Crozier was paid £1.18m in cash for his eight months at ITV in 2010. This included the "golden hello". Without this, said ITV, the full-year equivalent would have been £1.268m.

Archie Norman, ITV's chairman, was paid £300,000 in 2011, equal to the amount he was paid the previous year.

Follow Maisie McCabe on Twitter @MaisieMcCabe

This article was first published on mediaweek.co.uk