Gender diversity on the board is improving and chief executive Lord Wolfson’s bonus dropped by half, Next’s annual report shows.
- Gender diversity of directors improved in the year to January 2016 – there’s now five men and four women, compared to seven men and three women in 2015.
- Next’s total workforce is almost two-thirds female, with 34,347 women and 16,378 men, compared with 32,115 women and 15,447 men in 2015
- The average age of a Next board member is 57.3, with group finance director Amanda James the youngest at 44 and chairman John Barton the oldest at 71.
- Next chief executive Lord Simon Wolfson spent £26,000 more on ’cars, chauffeurs and cash allowance’ in the year ended January 2016, amounting to a total of £66,000. His medical insurance and Next clothing allowance stayed the same at £3,000.
- Lord Wolfson had his bonus halved last year to £503,000, down from £1.1m the year before, due to “challenging trading conditions”. His full package was worth £4.8m, including shares and salary, down from £6.2m the previous year.