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Savills boss could earn over £2m in performance related profit share this year

Land Insight to 17 April NS

Savills’ group chief executive officer Jeremy Helsby will earn a base salary of £289,000 this year, with a maximum of performance related profit share opportunity of £2.134m.

The figures are revealed in the newly published annual report for Savills, covering last year.

Helsby, who reached retirement age in July 2015, is to step down at the end of this year.

His successor will be Mark Ridley.

The hugely respected Helsby looks set to bow out on a high note. The group last year brought in £1,600m with underlying profits of £140.5m.

The report shows Savills’ huge reach, with 600 offices globally and over 34,000 staff.

In the UK, where revenue last year was £627.1m, it has 124 offices and 5,554 staff.

The report also shows the extent of the firm’s diversification, with less than half overall revenues due to property transactions: 36% of total income came from commercial transactions, and 11% from residential.

Savills’ AGM is on May 8.

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Source:: Savills boss could earn over £2m in performance related profit share this year