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Angela Spindler to receive 'golden hello' on joining N Brown

Incoming N Brown boss Angela Spindler is to receive a ‘golden hello’, which could lift her earnings to almost £4m over the next three years.

According to the Independent, Spindler could pocket £3.84m by 2016, the majority of which is to compensate for shares she has left in exiting off-price retailer The Original Factory Shop.

Spindler will join the home shopping retailer in July to replace Alan White, who is retiring.

On joining the company Spindler is entitled to receive two one-off share awards. The first will be 100% of her undisclosed salary over two years and the second us up to 200% of her salary over three years.

White previously earned £542,000 at the retailer, so estimates have put Spindler’s ‘golden hello’ at £1.63m plus an additional pro rata bonus of more than £500,000.

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