The Coca-Cola HBC boss pocketed more than £320,000 in “cost of living” benefits last year as part of his £4.4million package.
Zoran Bogdanovic, CEO of the soft drink bottling company, received the unusual payment along with his salary, bonuses and other benefits. He received a total of £580,000 in benefits.
In addition to the £320,000 “cost of living and exchange rate adjustment”, he also received a £91,000 housing allowance, private health insurance, a “travel home allowance” and a “partner’s allowance”. of £860.
The company, founded in Greece, is a major Coca-Cola bottler and is part of the FTSE 100 index. As such, its shares are automatically included in tracker funds, which are popular with private investors.
Croatian-born Bogdanovic, who has run Coca-Cola HBC since 2017, has received £800,000 in “cost of living” donations over the past three years. He has taken home almost £12m in total salary over the same period.
Under scrutiny: Zoran Bogdanovic has received £800,000 in ‘cost of living’ over the past three years
Their rewards will come under scrutiny by shareholders at the FTSE 100 company’s annual meeting next week. A third of participating shareholders voted against his pay package last year.
The £10.3bn company, whose shares are up a fifth in 2023, is listed in London but is headquartered in Zug, Switzerland.
Last year, the Mail on Sunday’s Fat Cat Files revealed the generous benefits received by well-paid bosses at some of Britain’s biggest companies. These include designer clothing, club memberships and home security costs.
London-listed companies have already been victims of shareholder revolts this year, including online trading company Plus 500 and shipping broker Clarkson.
Education group Pearson, pharmaceutical giant AstraZeneca and medical device group Smith & Nephew were also hit by strong rebellions.
