Salary bonanza of more than £12m for IHG executives

A salary and benefits package totalling more than £12m has been paid to the four board directors of InterContinental Hotels Group (IHG).

The company's annual report for 2012, published today, highlights that Richard Solomons, the group's chief executive, received a total financial pot of £4.63m, including an annual salary of £716,000 (up from £616,000 in 2011). The remainder of Solomons' financial package was made up of performance-related benefits, pension contributions, shares, company car and private healthcare.

Sharing in the £12m plus bounty were: Kirk Kinsell, president, Americas with a total remuneration package of £3.146m (salary of £474,000); Tom Singer, chief financial officer: £2,607m (£540,000); and Tracy Robbins, executive vice-president, global human resources and group operations support: £2.109m (£409,000).

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