Fevertree co-founder and chief executive Tim Warrillow received over £1m in compensation following the firm's "transformational" deal with Carling owner Molson Coors.
Warrillow bagged almost £1.1m for the most recent fiscal year of the AIM-listed company, a notable increase from his £619,000 earnings in 2023, detailed in Fevertree's latest annual report, as reported by .
The increased remuneration package encompasses a base salary of £565,000, up from £443,000, along with an annual bonus of £396,000, rising significantly from £133,000.
Additionally, he earned £74,000 via the company's long-term incentive plan, which had not awarded a payout in 2023.
Sales on the rise at Fevertree
The significant raise aligns with reports by City AM in January that highlighted Fevertree's accord with Molson Coors.
This partnership entrusts Molson Coors with the US-exclusive sales, distribution, and manufacturing of Fevertree products.
Market analysts unanimously lauded the deal, which elevated Fevertree's share value by over 20 percent.
Furthermore, it was disclosed that Molson Coors would take on an 8.5 percent stake in Fevertree, with a £71m return to investors through a share repurchase initiative.
In March, Fevertree cited a four percent revenue surge in their 2024 report, propelled by a robust 12 percent leap in the United States, while the º£½ÇÊÓƵ recorded a three percent decline year-over-year.
The firm's earnings before interest, tax, depreciation and amortisation (EBITDA) margin saw an increase to 13.7 per cent.
In addition, the company declared a further £29m share buyback programme, which represents 3.1 per cent of the current market cap.
However, shares in Fevertree are currently trading at around 785p, a significant drop from the 1,103p they were valued at a year ago.
