Roddick pulling down £2,400 a day

12 April 2012

ANITA Roddick is being paid more than £2,400 a day for her consultancy work at Body Shop, the ailing cosmetics chain she co-founded. The group, unveiling another disappointing set of results, also revealed that ousted chief executive Patrick Gournay bagged a £769,000 pay-off.

Roddick stepped down as co-chairman in February after talks to sell the chain broke down. She is currently a non-executive director, paid £195,000 a year for 80 days consultancy work.

Gournay stepped down in February by 'mutual consent' after three and a half years in the job, but worked with his successor Peter Saunders until the end of April.

Saunders is on an annual salary of £500,000, compared with Gournay's £375,000. He is also entitled to a performance-related bonus scheme worth up to £300,000. And Adrian Bellamy, who took over as executive chairman, is on £100,000 with a performance-related bonus. He also has 16 months to run on a 2-year consultancy deal with Body Shop that pays him $1m (£710,000) a year.

Saunders said none of Body Shop's shareholders have expressed concern about boardroom pay. 'There have been no comments made to us,' he said.

Details of the packages emerged as Body Shop disclosed its makeover has still to pay off. Profits fell 9% to £11.6m before tax for the year ended 2 March, on sales 2% higher at £692m. Total sales in the seven weeks since then had risen 2%, but were 2% lower on a like-for-like basis.

Bellamy said Body Shop had made progress in revamping its structure. 'However, the transition towards a regionally-managed global retail organisation has taken longer than planned and operational issues still need to be fully resolved before the benefits show through in our financial results,' he added.

The profits were struck after one-off charges of £11.5m. These included a £4.4m write-off, mainly on its investment in ailing Botanicus, and £3.7m for redundancy costs. Body Shop also paid £1.8m in fees for advice during its aborted takeover talks.

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