Boss of beleaguered water company sees wage cut by 65% following outcry over dumping of sewage into rivers
Salary cut: Susan Davy, who ran water company Pennon Group for nearly three years, agreed to waive her £450,000 bonus
The Pennon Group boss saw her salary cut by nearly two-thirds after she gave up her bonus amid outrage over the company’s record of dumping sewage into rivers.
Last month, Susan Davy, pictured, who has run South West Water’s owner for nearly three years, along with several other industry executives, decided to waive her £450,000 bonus amid growing public anger over the condition of the industry.
The decision contributed to her salary package falling from £1.53 million to £543,000 last year, as Davy only received her base salary, benefits and pension.
Earlier this month, Pennon sparked outrage by raising its dividend for the year by 10 per cent to £111.7m, despite South West Water being fined £2.15m in April for illegally dumping sewage into rivers and the sea around Devon and Cornwall.
The company is also facing an investigation by industry regulator Ofwat into whether South West Water accurately reported leaks and the amount of water used by customers.