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Currys hands outgoing boss Alex Baldock £2m pay rise
['Felix Armstrong', 'Retail Reporter']
City AM
Currys hands outgoing boss Alex Baldock £2m pay riseAlex Baldock is set to depart Currys for Boots in AugustFTSE 250 giant Currys has handed its outgoing boss Alex Baldock a more-than-£2 m pay rise, capping off the chief executive’s successful turnaround of the business.
The electrical retailer handed Baldock a £6.3m total pay package this year, marking a 54 per cent hike from last year’s £4.1m.
The Currys chief executive saw his base salary upped by one per cent to just more than £1m.
The electrical retailer has announced Frederik Tonnesen, the current boss of its Nordic operations, as Baldock’s successor.
Currys shares rose by 0.7 per cent on Thursday morning to 168p.