Sainsbury’s ceo Justin King will top a strong year for the supermarket with a £5.4 million pay packet, according to the group’s annual report.
King receives a package of £872,000 and a bonus of £869,000, down from his £1m extra last year.
King will pocket the bulk of the sum from the £3.3m share package as a result of the success of his Making Sainsbury's Great Again strategy after the group hit a series of targets.
Analysts believe King has turned the company around since his appointment in 2004 - boosting sales by £2.5 billion in four years.
Sainsbury's 120,000 employees are set to share £60m in bonuses, 28 per cent more than last year and each member of the group's staff will receive an average of £500. The bonus scheme is linked to service delivery and product availability, as well as overall sales and profit measures.
Last month, the group posted an 11.3 per cent rise in annual pre-tax profits to £543m. Total sales hit £20.4bn, almost six per cent higher than the previous year.
Kind said: "I'm really proud of the part I've played here at Sainsbury's over the past five years. The most exciting part lies ahead and I want to be playing my part."
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