The Coca-Cola HBC boss received more than £320,000 in ‘cost of living’ benefits as part of his £4.4m package last year

The boss of Coca-Cola HBC received more than £320,000 in «cost of living» benefits as part of his £4.4m package last year.

Zoran Bogdanovic, CEO of the soft drink bottling company, received an unusual payment along with his salary, bonuses and other benefits. He was handed a total of £580,000 in benefits.

In addition to the £320,000 «cost of living and exchange rate adjustment», he also received a housing allowance of £91,000, private health insurance, a «home travel allowance» and a «partner’s allowance» of £860.

Founded in Greece, the company is a major bottler of Coca-Cola and is a member of the FTSE 100 index. As such, its shares are automatically included in tracker funds popular with private investors.

Croat Bogdanovic, who has led Coca-Cola HBC since 2017, received £800,000 in «living expenses» over the past three years. He took home a total of nearly £12m over the same period.

Under the microscope: Zoran Bogdanovic paid £800,000 in ‘living expenses’ over three years

His remuneration will be scrutinized 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 – which sees its shares rise by a fifth in 2023 – is listed in London but based in Zug, Switzerland.

The Mail on Sunday’s Fat Cat Files last year revealed the lavish perks received by well-paid bosses of some of Britain’s biggest companies. These include designer clothes, club memberships and home security costs.

Recommended Article
Revealed: King Charles met David Beckham privately while Prince Harry was in Britain - after Duke said his father was too busy with 'various other priorities' to see him

London-listed firms have already fallen victim to shareholder revolts this year, including online trading company Plus 500 and shipbroker Clarkson.

Education group Pearson, pharmaceutical giant AstraZeneca and healthcare group Smith & Nephew have also been bruised by massive upheavals.

What do you think?

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *

GIPHY App Key not set. Please check settings

Shameless star Tina Malone reveals her war hero partner Paul Chase took his own life after turning to drink and drugs to cope with the trauma of feeling ‘lost’ and ‘useless’

The stars are in Riyadh! Cristiano Ronaldo, Anthony Joshua and Steven Gerrard arrive for the undisputed title fight between Tyson Fury and Oleksandr Usyk in Saudi Arabia.