The former McColl’s chief executive pocketed more than half a million pounds despite leaving the company just over a month before it collapsed
The former McColl’s chief executive pocketed more than half a million pounds despite leaving the business just over a month before it collapsed.
Jonathan Miller was handed £561,500 as part of his exit package as the convenience store chain struggled to repay nearly £100million in loans.
He received the money in March.
Wrestling: McColl called on administrators earlier this month after a torrid 12 months
It included a salary payment of £450,800 as well as £72,600 in pension contributions and £38,100 in benefits.
The company called administrators earlier this month after a torrid 12 months.
It was bought by supermarket chain Morrisons in a bailout deal that secured its pension fund and 16,000 jobs.
Miller left the company after six years at the helm. Sources said he owned 10% of the company’s shares, now worthless after the collapse.
He is said to have invested £3m of his own money in a £30m emergency fundraiser last year.
Miller was contacted through McColl’s spokesperson, but did not respond.