Allan Leighton, the UK-based former chairman of Pandora earned close to £5 million last year, despite stepping down from the role just in March, 2015, after less than 2 years with the company.
In financial results for the 2015 financial year released today, the earnings of the Danish jewellery giants board of directors are disclosed.
Mr Leighton was the company’s second highest earner for 2015 with total pay of £1.31 million, including a bonus of £420,000.
But a severance agreement coupled with the sale of shares meant that Mr Leighton received a total of £4.89 million.
He was awarded compensation of DKK 34.3 (£3.58) to cover a notice period through to the end of 2016 along with DKK 10.8 million (£1.13m) for the sale of 12,380 shares in 2014.
Mr Leighton has had a highly successful career. Before he joined Pandora, he was CEO of Asda and former non-executive chairman of the Royal Mail.