Benson Wairegi Salary: The chief executive officer of Britam, Benson Wairegi, was paid a total of Sh. 85.1 million in the company’s last full financial year. This pay was a 4.3 percent increase from Sh. 81.6 million he earned in 2018.
Mr. Wairegi’s salary included a salary of Sh. 65.8 million or Sh. 5.4 million per month, gratuity (Sh. 18.2 million) and non-cash benefits (Sh. 1 million). In the previous financial year, he had . received a salary of Sh63.2 million or Sh. 5.2 million per month, gratuity (Sh. 17.1 million) and non-cash benefits (Sh. 1.2 million). However, Wairegi did not get any cash bonus in the year under review.
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During the 2017 financial year, Benson Wairegi salary included a salary of Sh. 52.5 million which was equivalent to a monthly salary of Sh. 4.3 million, a gratuity pay of Sh. 16 million, cash bonuses that amounted to Sh. 5.5 million and non-cash benefits that amounted to Sh. 1.1 million.
“In addition to a monthly salary, Mr Wairegi is entitled to a performance bonus, which is based on meeting specific key performance indicators which are agreed upon between the board and Mr Wairegi at the beginning of every year,” Britam said in the report. “The contract also provides for a car benefit, residential security (guard and house alarm), medical cover and loans at staff rates. The contract provides for gratuity payable at the end of the contract.”