Wessex Water CEO gets above-inflation pay rise despite bonus ban over sewage spills
A single-source report from The Guardian states that Wessex Water awarded its chief executive an above-inflation pay increase even as the company was banned from paying bonuses because of sewage spills. Ruth Jefferson received a 14% base salary increase in October, from £590,000 to £670,000, before other benefits, according to accounts published this month. The raise was far above the 3.5% given to workers and put her pay at 18 times that of the company’s median employee. The report notes that water industry executive pay has come under scrutiny amid public outrage over sewage spills, prompting the government to introduce a bonus ban in 2025 for companies responsible for serious pollution or which failed financial tests. Wessex Water, which supplies 2.9 million customers in south-west England, revealed in its report that it expected to fall foul of the bonus ban “particularly in relation to environmental and operational metrics.” Jefferson’s full pay packet for the year reached £791,000 once pension and unspecified other benefits were included, compared to £440,000 the previous year for six months while serving as chief compliance officer and then chief executive. The article also mentions that another water company, Anglian Water, awarded its chief executive a £500,000 “retention payment” despite being banned from paying bonuses.
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Sources: The Guardian
