Tesco chief executive Ken Murphy to receive record £10m salary this year

Tesco’s chief executive is on course to receive a record £10m salary this year.

In the largest amount ever awarded to a British supermarket boss, Ken Murphy will take home a salary of £1.4m and performance-linked bonuses of £8.6m.

It comes after food prices skyrocketed. Tesco faced a backlash after announcing it made £2.3bn in the year to February.

Murphy, 57, will receive more than double last year’s £4.44m.

Part of his bonus will be in shares and is linked to his 2021 financial performance, the Sunday Times reported.

Andrew Speke, of the High Pay Centre, said: “[He would be] among the highest-paid CEOs in the FTSE 100.

“It’s hard to imagine this would be welcomed by many of Tesco’s workers and customers.”