Swimming in it: Severn Trent boss Liv Garfield received £3.2m last year after pocketing bumper bonus
The Severn Trent boss raked in £3.2m in the last financial year after pocketing a bumper bonus despite rising sewage discharges.
Amid a crisis gripping the water industry, Liv Garfield has received a £584,000 bonus on top of her base salary of £799,600.
The remainder was made up of long-term bonuses, pensions and benefit payments, according to Severn Trent’s annual report, and took his salary over the past five years to almost £16m.
A few months ago, the utility was fined £2 million for dumping sewage.
And the latest official figures showed the number of Severn Trent-related wastewater discharges has risen by a third to 60,000 in 2023.
The Midlands-based water giant is planning a huge price rise that will see customers charged an extra £143 a year by 2030.
Severn Trent said Garfield’s bonus was higher in the year to March 31 because of the company’s “strong performance.”
On Monday, Pennon, owner of South West Water, said boss Susan Davy would receive £860,000 in the latest financial year, compared to £543,000 the year before.