Business
Statement on CEO's Remuneration
Statement on CEO's Remuneration.
About this update from Easyjet Plc
[{"type":"text","content":"\n \nRNS Number : 1869D easyJet PLC 29 January 2018 \n\n29 January 2018\nStatement on easyJet's CEO remuneration \n \neasyJet today announced that its CEO, Johan Lundgren, is to voluntarily reduce his salary to match that of his predecessor, Carolyn McCall.\n \nJohan said:\n \n\"At easyJet we are absolutely committed to giving equal pay and equal opportunity for women and men. I want that to apply to everybody at easyJet and to show my personal commitment I have asked the Board to reduce my pay to match that of Carolyn's when she was at easyJet. \n \n\"I also want to affirm my own commitment to address the gender imbalance in our pilot community which drives our overall gender pay gap. easyJet has already gone further than other airlines in trying to attract more women into a career as a pilot. I want us not just to hit our target that 20% of our new pilots should be female by 2020 but to go further than this in the future.\"\n \nJohan Lundgren starting annual salary was £740,000. He will now reduce it to match the £706,000 earned by Carolyn McCall when she left easyJet. In all other respects (bonus, LTIP etc.) his remuneration package is identical to Carolyn's.\n \n Gender Pay at easyJet\n \nThe overall gender pay gap figure at easyJet is 51.7%. This is driven not by unequal pay for women at easyJet but by the massive gender imbalance in our, and the aviation industry's, pilot community. Like all airlines pilots make up a large proportion of easyJet's employees, they are paid more highly than our other communities and, most materially, 94% of them are male. \n \nThis is not about unequal pay. easyJet's pilots (and cabin crew) salaries and other pay is collectively agreed and negotiated with the trade unions, which means that the pay rates are exactly the same for men and women.\n \nThis gender imbalance is an issue for the whole aviation industry. Around 4% of commercial pilots worldwide are female. easyJet does better than the industry as a whole at 5% and easyJet's progressive culture has enabled female pilots to progress more easily than at other airlines. In fact, over a third of easyJet's female pilots are already Captains.\n \nBut we recognise we need to do better. That is why three y...