M&S Boss Stuart Machin’s Pay Jumped 39% to £7.1mn Ahead of Cyber Attack

Marks & Spencer boss’ pay deal surges to £7.1million

The boss of Marks and Spencer has seen his pay package soar to £7.1 million, as he leads the retailer through the disruption of a damaging cyber…

M&S boss Stuart Machin’s pay jumped 39% to £7.1mn ahead of cyber attack

Retailer’s chief handed bumper reward but his earnings are expected to drop this year as a result of April’s breach

M&S boss's pay hit £7m before cyber attack chaos

Stuart Machin's money is not affected by the IT disruption but it will be considered for next year's pay.

Marks & Spencer boss’s pay deal surges to £7.1m

Stuart Machin received a jump in bonus payments linked to a rise in the firm’s share price before it was knocked by a major cyber attack. The boss of Marks and Spencer has seen his pay package soar to £7.1 million, as he leads the retailer through the disruption of a damaging cyber attack. Stuart Machin, chief executive of the high street giant since 2022, received the bumper pay deal after a sharp rise in performance-linked bonuses. The company…

M&S boss’s pay surges to £7.1m despite retailer being hit by huge cyber attack

Stuart Machin received a jump in bonus payments linked to a rise in Marks and Spencer’s share price before it was knocked by a major cyber attack

M&S CEO's pay hit £7.1m before cyber attack

M&S has revealed in its annual report that its CEO Stuart Machin took home £7.1m in pay for the year ended 29 March 2025, up from £5.1m the year before. The pay packet was made up of an £843,000 base salary and a £1.63m bonus alongside £4.6m in performance related pay which is subject to holding periods and is dependent on future share price growth. Machin is set to receive a 2% increase to his salary from 1 July, adding just over £16,000 to his…