The Remuneration Committee is responsible for setting remuneration policy and structure for Meggitt’s Chairman and Executive Directors as well as oversees remuneration practice across the group.
The Committee receives advice from Kepler Associates on remuneration policy and structure and consults the Chief Executive, Group Organization Development Director and the Company Secretary on remuneration policy.
Clifford Chance LLP provides legal advice on share plans.
For Directors’ remuneration and information about the work of the Committee, please refer to our latest Annual Report.
Due to the ongoing uncertainty resulting from the COVID-19 pandemic, the Company has deferred the annual pay review to 1 October, including all executive and non-executive directors. As such, neither the executive nor non-executive directors will be receiving the pay/fee rises disclosed in Directors’ Remuneration Report in the 2019 Annual Report and Accounts, and pay will be frozen at 2019 levels, with a further review prior to 1 October 2020.
Appointed: 2014 | Nationality: British
MEng Petroleum Engineering. Brings specific oil and gas experience to the Board, including technology management expertise and experience running diverse functions and businesses within globally significant energy corporations
Non-Executive Director of United Utilities Group PLC, the UK’s largest listed water company.
Executive Chair of Silixia Limited, a provider of distributed fibre optic monitoring solutions.
Various roles at Royal Dutch Shell from 2006 to 2015, most recently, Executive Vice President, Upstream International Unconventionals. Previously spent 17 years at Schlumberger, a supplier of technology, integrated project management and information solutions to oil and gas customers worldwide.
On 25 April 2019, Alison will become chairman of the Remuneration Committee following Paul Heiden’s retirement.
Appointed: 2012 | Nationality: French
Trained as an electrical engineer at the École Polytechnique Fédérale de Lausanne and holds a Harvard Business School MBA. Brings significant experience to the Board as a former FTSE-100 Chief Executive.
Chairman of robotic process automation company Softomotive Director of the French software and services company Berger Levrault and Brandwatch and Senior advisor to the European software team at Warburg Pincus. Non-executive director of Civica Group.
Group Chief Executive of The Sage Group plc and Chief Executive of Sage Group plc’s Europe and Asia division. Early career spent with software and hardware vendors in French and other European management roles.
On 25 April 2019, Guy became Senior Independent Director, following Paul Heiden’s retirement.
Appointed: 2015 | Nationality: British
Chartered certified accountant with significant experience in senior operational and financial roles gained across a variety of sectors including engineering and technology, pharmaceuticals, oil and gas and aerospace.
Non-Executive Director of Euromoney Institutional Investor PLC and Chair of their Audit Committee.
Non-Executive Director of FM Global. In March 2018, Colin was named Non-Executive Director for the Government’s Department for Environmental Food & Rural Affairs. He became chair of their Audit and Risk Assurance Committee in July 2018.
Independent member of the Council of Cranfield University.
Chief Executive of Essentra PLC, Chief Financial Officer of Reckitt Benckiser Group plc, Group Finance Director of Aegis Group plc, Non-Executive Director of WPP plc, Easyjet plc, Imperial Tobacco Group plc, Cadbury plc and Senior Independent Director of Amec Foster Wheeler plc.
Appointed: 2017 | Nationality: American
Electrical engineer who has held senior engineering and operational roles with a strong background in manufacturing.
Non-Executive Director of Brady Corporation and Chair of their Technology Committee.
Principal of Gioia Consulting Services, LLC., a strategic business advisory company.
Member of the University of Michigan Electrical and Computer Engineering Advisory Council and Dearborn Engineering Dean’s Advisory Board.
Held several key executive positions at Ford Motor Company during a thirty three year career. Non-Executive Director of Exelon Corporation, Chair of AutomotiveNEXT and Stanford University Alliance for Integrated Manufacturing.
Appointed: 2019 | Nationality: British
Chartered accountant with significant global investment banking experience specialising in financial institutions, financial technology and market infrastructure, and capital raising.
Senior Managing Director at Moelis & Company, a leading global independent investment bank. Non-Executive Chairman of FTSE 250 consumer products group, PZ Cussons plc. Part-time Managing Director at Moelis & Company, a leading global independent investment bank.
Non-Executive Director of BUPA, Chair of their Risk Committee and member of their Audit and Remunartion Committees. Senior Independent Director of M&GPrudential and member of their Audit, Remuneration and Risk Committees.
Reappointed as Trustee of the Victoria & Albert Museum in July 2018.
Vice Chairman of EMEA Investment Banking at Bank of America Merrill Lynch and spent 14 years at Morgan Stanley where she held a number of senior positions including Global Vice Chairman of Investment Banking and European Head of Financial Institutions. She started her career as a Chartered Accountant with PricewaterhouseCoopers.
Marina joined Meggitt PLC in 2005 as Company Secretarial Manager, becoming Senior Vice President & Group Company Secretary in 2012, with responsibility for the Board, Board Committees and the Executive Committee, corporate governance and UK listing rules compliance. She currently has responsibility for the Group’s ethics programme, data protection, share schemes, annual report, company secretarial support in the UK and overseas, UK pensions, insurance and business continuity.
She became a member of the Executive Committee on 1 January 2018.
Prior to joining Meggitt, Marina trained and qualified as a company secretary with The Royal Bank of Scotland plc where she spent four years providing support to the asset finance, structured asset finance and corporate finance divisions.