POL00448898
POL00448898
POST OFFICE LIMITED
REMUNERATION COMMITTEE REPORT
Title:
PDR Ratings 2022/23
Meeting date:
3 July 2023
Author:
Tan Rudkin
Interim Reward Director
Sponsor:
Nick Read
Group Chief Executive Officer
Input sought: Noting
The Committee is asked to Note the PDR ratings for the two Executive Directors, Group
Executive (direct reports of the CEO) and the distribution of ratings for the wider population,
as requested at the May meeting.
Background:
PDR ratings are a driver of variable remuneration under the terms of the STIP plan; through
the use of individual performance multipliers.
Whilst the company doesn’t use a forced distribution method, there have been several stages
of moderation and business review of ratings, through which challenge and justification is
sought and some ratings have been changed.
Executive Directors Ratings 2022/23:
Nick Read (CEO)- Rated ‘5’ by the Chairman and ratified by Amanda Burton and Ben Tidswell
Strictly Confidential
Mm itiTT.
POL00448898
POL00448898
Strictly Confidential