Crossrail chiefs share £800,000 bonus pot

Grant Prior 6 months ago
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Crossrail chiefs pocketed more than £800,000 in bonus payments last year.

The revelation comes in the wake of news this week that the project will bust its budget by £590m.

The bonus figures are contained in Transport for London’s draft annual report for the financial year to March 31 2018.

They relate to bonuses earned in 2016/17 and paid in 2017/18.

The report details pay for the 20 Crossrail executives employed that year who had a base salary of more than £150,000

The biggest beneficiary was former chief executive Andrew Wolstenholme who left the project in March.

Wolstenholme was paid a performance related bonus of £160,000 on top of his base salary of £476,772.

He was also paid “compensation for loss of employment” of £97,734.

Wolstenholme left in March to take up a new role as as group managing director at the Maritime and Land division of BAE Systems.

Programme Director Simon Wright – who took over Wolstenholme’s role – was given a £105,568 bonus on top of his base salary of £328,873.

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