SS better be careful19 Jan 2024 07:14
Sacked FTSE 100 chief executive to forfeit £23m in pay and benefits…. The gold producer Endeavour Mining is to clawback more than $29m in pay and awards after firing its chief executive this month for alleged “serious misconduct” over allegations of a multimillion-dollar “irregular payment”.
London-headquartered Endeavour said on Thursday that Sébastien de Montessus, who had led the FTSE 100 company since 2016, would be forced to forfeit $29.1m (£22.9m) in remuneration.
De Montessus, who was the highest paid FTSE 100 chief executive in 2021, will receive no salary, pension, benefits, bonus or share awards for the 2023 and 2024 financial years.