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Five things we learned from the Next annual report

Gender diversity on the board is improving and chief executive Lord Wolfson’s bonus dropped by half, Next’s annual report shows.

Next

  1. 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.
  2. 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
  3. 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.
  4. 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.
  5. 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.

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