Chief exec lands Plumb salary

THE chief executive of the fast-growing Moneysupermarket.com website is set to be paid almost £1m in salary and bonuses for 2011, according to the firm’s newly-filed annual report.

Mr Plumb’s basic annual salary increased by 4% to £390,000, while he was also paid a performance-related bonus of £597,656 – an increase on his base salary of 159%, up from 125% of base in the prior year.

On top of this, he is also entitled to an award of up to £880,000 of shares through a long term incentive plan depending on its performance over a three-year period from 2011-13.

Last year, Mr Plumb oversaw a 22% increase in the company’s revenues to £181m (2010: £148.9m) and a 21% rise in adjusted earnings to £49.5m (£41m).

Moneysupermarket also finished the year with a positive cash balance of £35m despite already returning £20m to shareholders via a special dividend as part of proposed total dividend payments for the year of over £43m.