Informa bosses to take major salary cuts during coronavirus period

Informa bosses to take major salary cuts during coronavirus period

At Informa, parent company of Taylor & Francis, top bosses are to take salary cuts "through the current period of uncertainty created by Covid-19", the company has announced.

Following a remuneration committee meeting held on Tuesday (24th March) group chief executive Stephen A Carter, along with the group finance director Gareth Wright, proposed that they take a voluntary 33% reduction in salary.

Meanwhile the executive management team at Informa, which includes Taylor & Francis c.e.o. Annie Callanan, will take a voluntary salary reduction of 25%.

No measures involving the wider Taylor & Francis workforce were included in the announcement.

T&F declined to make further comment.