Michael Murray, who will succeed Mike Ashley as the chief executive of Frasers Group, could receive shares worth £100m under a proposed pay package.
The pay package would be linked to the retailer’s stock price performance, Sky News has reported.
The company’s share price would have to top £15 for 30 consecutive days before October 7 2025. Its shares were trading at £6.50 at closing on Wednesday.
Murray is set to be paid a £1m annual salary when he takes over the Sports Direct and House of Fraser owner.
He is presently in charge of giving the group a more upmarket image as its head of elevation and is engaged to Ashley’s daughter.
Frasers said: “The remuneration committee was mindful of setting targets that were both stretching and achievable and that would reward an incoming CEO commensurately with the shareholder value that could be attained.”