Top team at Morrisons to be awarded millions of pounds

The top management team at supermarket Morrisons will be awarded £4.33m in shares if performance targets are met, with chief executive David Potts getting a cool £2.5m

David Potts, chief executive officer and chief financial officer Trevor Strain have both been awarded significant shareholdings in the Bradford-based grocer.

Potts (pictured) was awarded 1,074,589 shares at £2.37, whilst Strain was awarded 753,824 shares at the same price, bringing his total to £1.7m.

The pair will receive their windfall by 2020 if performance criteria is met.

Morrisons has seen a renaissance in recent months, with sales up 1.7% in 2016 at its latest results. The grocer had seen the fastest growth of any Big Four supermarket and reported pre-tax profits were up 49.8% to £325m from £217m the year before.