Severn Trent boss Liv Garfield gets a £3.2million bonus despite rising sewage discharges
Swimming in: Severn Trent’s boss Liv Garfield was paid £3.2m last year after earning huge bonus
The Severn Trent boss raked in £3.2million in the last financial year after pocketing a huge bonus despite rising sewage discharges.
Amid a crisis engulfing the water industry, Liv Garfield was awarded a £584,000 bonus on top of her £799,600 basic salary.
The rest was made up of long-term bonuses, pensions and benefits, according to Severn Trent’s annual report, taking her wages to almost £16 million over the past five years.
A few months ago the utility was fined £2 million for dumping sewage.
And the latest official figures show the number of sewage leaks linked to Severn Trent will rise by a third to 60,000 by 2023.
The Midlands-based water giant is plotting a huge price rise, meaning customers will have to pay an extra £143 a year by 2030.
Severn Trent said Garfield’s bonus was higher in the year to March 31 due to the company’s “strong performance”.
Pennon, the embattled owner of South West Water, said on Monday that boss Susan Davy would be paid £860,000 for the latest financial year, up from £543,000 a year earlier.