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Ever understated, Ken Murphy is cashing in on his success at expanding the supermarket’s share of the grocery market amid the cost of living crisis
The Tesco boss is in line to bag a £10million payout this year in an unprecedented sum for the supermarket giant.
In the largest amount ever awarded to a British supermarket boss, Murphy will take home a salary of £1.4m and performance-linked bonuses of £8.6m.
The news comes a week after Tesco introduced a new 10p charge at checkouts in some of their UK supermarkets
Tesco Sales: The supermarket group, which has a 27.3% share of Britain's grocery market, up 40 basis points on the year, forecast retail adjusted operating profit, its key profit measure, of "at least" 2.8 billion pounds ($3.55 billion) for its 2024/25 year.