Table 10 – Historic Chief Executive Officer pay The table below sets out the prescribed remuneration data for each of the individuals undertaking the role of Chief Executive Officer during each of the last ten financial years: Long-term Annual bonus incentive vesting CEO single payment against rates against figure of total maximum maximum remuneration opportunity opportunity £’000 % % FY21 Nick Wilkinson 4,042 81.22% 100% FY20 Nick Wilkinson1 885 20.0% 19.8% FY19 Nick Wilkinson 1,365 97.9% N/A FY18 Nick Wilkinson2 308 13.3% N/A FY18 John Browett2 429 N/A N/A FY17 John Browett 722 14.0% N/A FY16 John Browett1 489 57.7% N/A FY16 Sir Will Adderley3 10 N/A N/A FY15 Sir Will Adderley4 507 5% N/A FY15 Nick Wharton4 110 N/A N/A FY14 Nick Wharton5 1,509 22.5% 77.5% FY13 Nick Wharton 1,292 97.0% 86.7% FY12 Nick Wharton 853 100.0% N/A 1. During the period April to June 2020 inclusive, Nick Wilkinson took a voluntary 90% reduction in base salary. 2. John Browett left the Group on 29 August 2017. He was succeeded by Nick Wilkinson on 1 February 2018. The total figure for John Browett includes £322,120 in respect of salary and benefits paid for his six-month notice period. The data for each Director for 2017/18 is pro-rated by time of service as Chief Executive Officer. 3. Sir Will Adderley was succeeded by John Browett as Chief Executive Officer on 1 January 2016. The data for each Director for 2015/16 is pro-rated by time of service as Chief Executive Officer. Sir Will Adderley’s base salary was reduced to £1 on 1 July 2015. 4. Sir Will Adderley was reappointed Chief Executive Officer on 11 September 2014, following the resignation of Nick Wharton on 10 September 2014. The data for each Director for 2014/15 is pro-rated by time of service as Chief Executive Officer. 5. Nick Wharton’s first LTIP award vested and was exercised in December 2013. No LTIP awards vested to John Browett since his appointment. The table below sets out the increase in total remuneration of the Chief Executive and that of our other colleagues: Table 11 – Change in Directors’ pay compared with annual change in average employee’s pay Percentage increase in remuneration Percentage increase in remuneration between FY20 and FY21 between FY19 and FY20 Salary and Short-term Salary and Short-term fees1 Benefits1 2,4incentive fees1 Benefits1 ive2,4incent Nick Wilkinson 1.8% 3.6% 313.0% 2.0% (55.6%) (79.2%) Laura Carr 5.0% 2.3% 324.2% 0.0% (93.3%) (66.3%) Sir Will Adderley 0% (4.8%) n/a 0.0% 0.0% n/a Andy Harrison 0% n/a n/a 2.0% n/a n/a Marion Sears 0% n/a n/a 2.0% n/a n/a William Reeve5 8.4% n/a n/a 2.0% n/a n/a Peter Ruis 0% n/a n/a 2.2% n/a n/a Ian Bull 0% n/a n/a 2.0% n/a n/a Paula Vennells 0% n/a n/a n/a n/a n/a Arja Taaveniku n/a n/a n/a n/a n/a n/a All colleagues3,6 4.4% 0% 145.4% 3.5% 0% (42.7%) 1. Directors’ remuneration above is based on contractual salary or fees as appropriate, and does not take account of the voluntary salary reductions of 90% and 20% respectively of Nick Wilkinson and Laura Carr during April to June 2020 inclusive, or the waiver by all other Directors of 100% of their fees for this period. 2. Short-term incentive percentage has been calculated in relation to only those colleagues eligible to receive a bonus in the period as this is considered a more appropriate comparator group. All colleagues short-term incentives include a one-off £250 ‘thank you’ payment to all colleagues in respect of FY20 and the ‘thank you’ payment of between £250 and £350 made to colleagues in respect of FY21. 3. All colleagues salary increase is calculated only for colleagues employed for the whole of FY20 and FY21. 4. The difference between the increase in short-term incentives of the Directors and the all colleagues rate reflects the strong performance of the business, and the fact that a higher proportion of the Directors’ pay is performance-related. 5. The increase in William Reeve’s pay is due to the assumption of responsibilities as Senior Independent Director. 6. Comparisons have been made against colleague pay across the entire Group as the parent company employs a limited number of individuals. DUNELM GROUP PLC ANNUAL REPORT & ACCOUNTS 2021 165 GOVERNANCESTRATEGIC REPORT FINANCIAL STATEMENTSOTHER INFORMATION