Figure 10 Crossrail Ltd Board of Directors at 31 March 2018

Crossrail Ltd senior remuneration

Remuneration in 2017-18

Salary

Performance related pay for 2016-17

Compensation for loss of employment

Benefits in kind

Total remuneration (excluding pension contributions)

Total remuneration (excluding pension contributions)

2017-18

2017-18

2017-18

2017-18

2017-18

2016-17

(£000)

(£000)

(£000)

(£000)

(£000)

(£000)

Andrew Wolstenholme, Chief Executive

477

160

98

2

736

946

Simon Wright, Programme Director

329

106

-

2

436

494

Sir Terry Morgan, Non-Executive Chairman

250

-

-

2

252

252

Mathew Duncan, Finance Director

247

112

-

2

361

270

Note

1 The sponsor agreement, to which the Department and TfL are parties, sets out the Remuneration Principles governing the remuneration and benefits package which applies to all members of the Crossrail Ltd Board. The Crossrail Ltd Remuneration Committee develops the Remuneration Framework, consistent with the Remuneration Principles. TfL approves the Remuneration Framework and ensures that the Secretary of State is provided with the approved Framework promptly. The Secretary of State may object to any part of the Remuneration Framework or a specific remuneration and benefits package which is not consistent with the Remuneration Principles and TfL shall take appropriate action to ensure that the inconsistency is addressed. The remuneration and benefits package of the executive directors of Crossrail Ltd and the chair and chief executive officer of Crossrail Ltd is determined by the Crossrail Ltd Remuneration Committee in accordance with the Remuneration Framework and in consultation with TfL.

Source: Transport for London Annual Report and Statement of Accounts, 2017-18