Massive pay rises for top two SSE executives

Alistair Phillips-Davies, CEO of SSE

The chief executive and finance director of Perth-based energy giant SSE enjoyed massive rises in their total remuneration packages in the year to March 31, according to the company’s annual report.

CEO Alistair Phillips-Davies was paid a total of £2.92 million for the year ended March 31 compared to £1.69 million a year earlier, and finance chief Gregor Alexander received a total of £2.17 million, up from £1.29 million.

In response to media coverage of the awards, SSE said: “We recognise executives are paid substantial sums in line with their responsibilities, but at SSE executive remuneration is strongly linked to performance and length of service and the company has been and always will be disciplined in its approach to pay.

“We would encourage people to read the remuneration report in full.”

Last month, SSE said its adjusted pre-tax profit rose 2.1% to £1.55 billion in the year to March 31 — but warned of uncertainty ahead as the UK government prepares to cap energy tariffs.