John Lewis Partnership chair Jason Tarry in line for £1.3m payday
John Lewis chair Jason Tarry is in line to receive more than £1.3m this year, more than a fifth of his predecessor Dame Sharon White.
John Lewis chair Jason Tarry is in line to receive more than £1.3m this year, significantly above the pay package of his predecessor Dame Sharon White.
The former Tesco executive, who joined last September, took home a £415,000 pay check in his first four and a half months.
The retail giant said Tarry agreed a base pay of £990,000 on appointment as chair, but that this has been adjusted upwards so that it “equalised to the amount paid to the chief executive officer to reflect the recalibration of the role”.
This compares to White’s £693,400 take home pay last year and £1.1m in 2024, which includes a £990,000 base salary and additional benefits.
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John Lewis chief executive Nish Kankiwala, who reverted back to a non-executive director in March, is understood to have received between £1.3m and £1.35m in pay last year, The Guardian reported.
A JLP spokesperson told the publication: “Following the merger of the CEO and chairman roles, the remuneration committee recommended aligning the chairman’s compensation with that of the CEO.
“This reflects the chairman’s expanded responsibilities in leading both the executive team and the partnership board.”
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