Endeavour mining boss saw pay halved last year but still took home nearly £9m By Daily Mail City & Finance Reporter Published: 21:50, 16 March 2023 | Updated: 21:50, 16 March 2023 e-mail View comments The boss of Endeavour Mining saw his pay more than halve last year but still took home nearly £9million. Sebastien de Montessus, 48, who has led the gold miner since 2016, was paid £8.9million last year – below the £18.8million he was handed in 2021. The Frenchman received the bumper pay package two years ago as a reward for the company successfully shifting its primary listing from Canada to London.

Pay cut: Endeavour Mining boss Sebastien de Montessus, who has led the gold miner since 2016, was paid £8.9m last year More than 80 per cent of his pay is weighted towards performance. Last year Endeavour joined the FTSE 100 index. The largest gold producer in West Africa’s profit fell 68 per cent to £120million last year due to a one-off impairment charge. It returned £248million to shareholders in 2022 through dividends and share buybacks.

Prior to Endeavour, de Montessus led mining investment company La Mancha between 2012 and 2016. Other blue-chip bosses have been taking home millions. Education group Pearson paid its boss Andy Bird £7million last year. This month the group said it could not rule out a move to Wall Street. It makes more than 60 per cent of its revenue in the US.

Bunzl, which supplies products such as paper napkins and latex gloves, handed its chief executive Frank van Zanten £4.5million in 2022. RELATED ARTICLES Previous 1 Next Banking crisis triggers bailouts in US and Europe: Credit...

Pressure mounting on Royal Mail chief Simon Thompson after... Mining coal on hallowed ground: Glencore in legal battle..

. Defiant European Central Bank powers on with 0.5% interest...

Share this article Share HOW THIS IS MONEY CAN HELP How to choose the best (and cheapest) stocks and shares Isa and the right DIY investing account DIY INVESTING PLATFORMS Stocks & shares Isa Stocks & shares Isa Easy investing Capital at risk. Isa rules & T&Cs apply. Investment ideas Free fund dealing Free fund dealing 0.45% account fee capped for shares Flat-fee investing No fees £9.99 monthly fee One free £5.

99 trade per month Social investing Commission-free Share investing 30+ million global community Model portfolios Investment account Free fund dealing Free financial coaching Affiliate links: If you take out a product This is Money may earn a commission. This does not affect our editorial independence. > Compare the best investing platform for you Share or comment on this article: Endeavour mining boss saw pay halved last year - to £9m e-mail Add comment Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use.

We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence. Toggle Search POPULAR MONEY SECTIONS Take me to… Best savings rates tables Find the best mortgage calculator Power Portfolio investment tracker Stock market data and share prices This is Money's podcast This is Money's newsletter The best DIY investing platforms The best bank accounts The best cash Isas The best credit cards Save on energy bills Compare broadband and TV deals How to find cheaper car insurance Investing Show videos Financial calculators Search Enter search term Search Search within All articles Share prices Comments 0 Share what you think No comments have so far been submitted. Why not be the first to send us your thoughts, or debate this issue live on our message boards. Add your comment Enter your comment By posting your comment you agree to our house rules .

Submit Comment Clear Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual. No Yes Close Do you want to automatically post your MailOnline comments to your Facebook Timeline? Your comment will be posted to MailOnline as usual We will automatically post your comment and a link to the news story to your Facebook timeline at the same time it is posted on MailOnline. To do this we will link your MailOnline account with your Facebook account. We’ll ask you to confirm this for your first post to Facebook. You can choose on each post whether you would like it to be posted to Facebook.

Your details from Facebook will be used to provide you with tailored content, marketing and ads in line with our Privacy Policy . More top stories