Crozier gets cosier with ITV and pockets £2.16m in first full year

ITV’s chief executive Adam Crozier earned a pay package worth almost £2.2m in 2011, his first full year since taking the helm of the broadcaster in April 2010.

Crozier received a salary of £798,250, boosted by a £634,082 cash bonus and a further £634,082 worth of stock.

His total compensation was boosted to £2.16m by a £72,000 pension contribution – which ITV said could be a payment made into a personal pension plan or cash in lieu of pension – and £20,000 benefits in kind, which could include private medical insurance and car related benefits.

This far outstrips the £1.12m Crozier pocketed in his eight months on the job in 2010. But ITV said his compensation would have reached around £1.27m had Crozier worked the entire year.

Crozier, former boss of Royal Mail, joined ITV in April 2010 and has since led the broadcaster back into profit, helping to eradicate more than £600m of debt through his five year turnaround plan.

In his pre-ITV days, Crozier was co-chief executive of Saatchi & Saatchi advertising and headed up the Football Association.

ITV finance director Ian Griffiths earned a salary of £437,750 and a bonus of £623,050.