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Pay sweetener for new AG Barr chief Sutherland

Euan Sutherland
Euan Sutherland: sweet deal

The new chief executive of Irn-Bru maker AG Barr is to receive a 26% higher basic salary than his long-serving predecessor and a £130,000 relocation package to help him buy a property in Scotland.

Euan Sutherland will get the lump sum as part of his joining package when he takes over on 1 May.

His main family home is in Surrey and he is expected to divide his time between London and Scotland.

Edinburgh-born Mr Sutherland, 55, who has previously led the insurer Saga, the clothing brand Superdry and the Co-op, will get a base salary of £650,000 compared with the £515,000 received by the outgoing boss, Roger White, who is standing down after more than two decades with the company.

David Ritchie, chairman of the AG Barr remuneration committee, said: “While the salary is above that of the current chief executive, it is materially lower than the salary received by the incoming chief executive in their most recent appointment at Saga plc and reflects the significant experience of the individual as a PLC director.”

Mark Allen, the AG Barr chairman, said: “Euan has a wealth of consumer goods experience, an excellent track record in delivering sustainable growth and a history of improving efficiency and profitability through major transformation programmes.”

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