Shell’s chief rakes in £4.12m pay package

Shell’s Swiss chief executive Peter Voser made a total of £4.12 million in salary, bonuses and other benefits in 2012, while his British right-hand man, chief financial officer Simon Henry, scooped up £2 million.

Voser’s payout, which includes a £1.3 million salary and a £2.8 million bonus, was 9 per cent lower than the previous year, after rising exploration and production costs reduced Shell’s profits in 2012 by 6 per cent, to $27 billion (£18 billion) from $28.6 billion.

Henry’s total pay, which includes a £813,500 salary and a £1.2 million bonus, came in 5 per cent lower.

The payouts were revealed in Shell’s annual report, which also set out the recent salary increases of its top brass. Voser saw his annual salary rise by 2.5 per cent.