Severn Trent boss Olivia Garfield took home £2.45m in pay last year

Shruti Tripathi Chopra
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Severn Trent's pre-tax profit rose to £525.1m for the year ended 31 March (Source: Getty)

Severn Trent boss Olivia Garfield's pay package stood at £2.45m last year, the water group's annual reports revealed yesterday.

Garfield, who became chief executive in 2014, took home a salary of nearly £674,000 while her long-term incentives topped £970,000. She also received a bonus of £615,000 and pension payments of £168,000.

Read more: Severn Trent makes a splash with dividend hike after eyeing more savings

Before joining Severn Trent, Olivia was chief executive of Openreach, part of the BT Group, where she oversaw the commercial roll-out of fibre broadband to two-thirds of the country. She joined BT in 2002 and held roles including group director of strategy and regulation.

The FTSE-100 firm, revealed last month that it has raised its dividend from 80.66p a share to 81.50p after underlying pre-tax profit rose to £525.1m for the year ended 31 March, from £503.4m a year earlier.

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