RE: RNS5 Dec 2024 15:28
OMG GDR have paid 205k to Mr Budd in 2024!!! perhaps this is why they had to get rid of Mr Cheek, they can't afford to pay for two CEOs . I wonder whether this was planned?
Or perhaps Mr Cheeks departure was performance related ie he received no bonus (Mr Budd did?!?) due to the fact that Dr Gino was doing all the work (see Dr GIlhams part of the report for confirmation).
Salary and fees £Bonus £Benefits in kind £Pension £Total
David Budd 2024 182,280 16,957 £2,532 £5,573 £207,342
Gino Miele 2024 127,649 25,145 1,647 18,761 173,202
James Cheek 2024 161,538 - - 5,000 166,538
Russ Shaw 2024 157,075 26,172 1,270 30,394 214,911
Ian Gilham 2024 65,000 – – – 65,000
Who are Tom Lindsay and Chris Yates and what do they do that is so important for GDR?
It seems Russ Shaw is the biggest earner on the board.
Annual performance bonus
The 2024 bonus for the Executive Directors and senior management was based on:
Revenue targets on the sales of Genedrive® units and assays
The cash position of the Group at 30 June 2024
The EBITDA result for the year
Milestone achievements on the CYP2C19 test
NICE and FDA progress