The chief executive officer of Majestic Wine, Rowan Gormley, has announced that – depending on whether the chain reaches its total shareholder return performance criteria between the financial years 2017 to 2019 – will split his share award bonus and reward all 493 ‘eligible’ employees.
Reportedly, the share awards will be delivered the company’s long-term incentive plan members – available to staff members that work at shop manager level and above – as a one-off payment.
Gormley said in a statement: “We are committed to delivering shareholder value by doing the right thing for our people, customers and suppliers. [The] share awards show that we’re serious about aligning our people and our shareholder’s interests, we are committed to delivering our transformation plan [and] we are focused on investing in our people to reward the delivery of sustainable growth in the whole group.”
